AUD/USD Technical Analysis: Eyeing 0.73 After Swing High Break
The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors a broadly bearish bias.
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Nikkei 225 Technical Analysis: Can Bulls Build On Solid Chart Support?
The Japanese equity benchmark looks quite composed at current levels, but it also has some key resistance close at hand which must be dealt with quickly
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DAX 30 & CAC 40 Charts: Channels Keeping Bullish Bias Intact (for Now)
The DAX and CAC have had reasons (resistance) for turning down, but bullish channel structures remain in place.
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XE Market Analysis: Europe – Jan 31, 2019
The Dollar is trading at a lower band versus most currencies after the Fed turned decidedly neutral yesterday. The USD index (DXH9) dove nearly 1% in printing a three-week low, with EUR-USD concurrently rallying by a similar magnitude in posting a three-week high at 1.1508. USD-JPY fell to a two-week low at 108.69, while Cable […]
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XE Market Analysis: North America – Jan 31, 2019
The Dollar steadied during the London interbank AM session after dropping sharply in the wake of the Fed’s shift-to-neutral policy signal yesterday. The U.S. currency saw fresh lows against most currencies, though the pace of declines moderated compared to the losses seen in the initial wake of the Fed’s communication yesterday. EUR-USD printed a fresh […]
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XE Money Transfer: Pound Rises to Highest Point in a Year, Dollar Sinks on Dovishness
OVERVIEW Sterling hits a year-long high point as PM May and her team prepare to head back to the negotiation table with EU Chief Negotiator Barnier and EU leaders. USD steadies after The Fed keeps rate hikes on hold in the frigid day before February Oil up, yet Canada’s November GDP was down by the predicted 0.1% HIGHLIGHT
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XE Market Analysis: Asia – Jan 31, 2019
The dollar steadied early in the session, after the DXY bottomed at 95.22 overnight, though headed higher from there, largely on short covering interest, and solid U.S. housing data. Wall Street was mostly higher, as the Powell Put remained in focus. EUR-USD fell from near 1.1500 to 1.1435 lows, while USD-JPY bounced from 108.54 to […]
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Japanese Yen Technical Analysis: USDJPY Stuck, Can Fed Shift It?
The Japanese Yen has been effectively stymied between two key retracement levels for the last month. A break may be more dependent on fundamentals than on technical factors.
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Gold & Silver Price Analysis – Rallies Extending into Important Zones
The recent shot higher by precious metals has them trading around important longer-term resistance zones.
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XE Market Analysis: Europe – Jan 30, 2019
The Dollar majors have been plying narrow ranges for the most part, with Sterling consolidating after dropping by about 1% versus the Dollar following the UK Parliament’s Brexit votes late yesterday. USD-JPY has traded within a 25 pip range so far today, in the low-to-mid 109.0s. Most Yen crosses have been similarly directionally challenged, though […]
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XE Market Analysis: North America – Jan 30, 2019
The Dollar has traded near net flat versus the Euro and Yen, while losing modest ground to the Pound, which managed to recoup some of the Brexit-related losses seen during the NY PM session yesterday, and the Australian Dollar, which has been the day’s outperformer. The antipodean currency benefited from perkier than expected Q4 CPI, […]
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XE Market Analysis: Sterling Rises Higher as UK Parliament Vows to Amend Brexit Agreement
OVERVIEW British PM Theresa May to head to Brussels to press EU leaders on Brexit separation deal amendments. Hope springs eternal that no-deal Brexit remains unlikely. There are better-than-expected job gains and expectations the Fed will leave interest rates alone out of their meetings this week. These sentiments are lifting the greenback in today’s trading. […]
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XE Market Analysis: Sterling Rises Higher as PM May Hopes to Win Over EU Leaders
OVERVIEW British PM Theresa May to head to Brussels to press EU leaders on Brexit separation deal amendments. Hope springs eternal that no-deal Brexit remains unlikely. There are better-than-expected job gains and expectations the Fed will leave interest rates alone out of their meetings this week. These sentiments are lifting the greenback in today’s trading. […]
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XE Market Analysis: Asia – Jan 30, 2019
The dollar slid lower after the FOMC announcement, where no changes to rates were made, as-expected. The statement removed reference to further gradual rate increases, and said the Fed was prepared to adjust balance sheet normalization, both of which weighed on the Greenback. EUR-USD popped over 1.1495, a nearly three-week high from 1.1515, while USD-JPY […]
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