Thursday 23rd January: US Dollar Index Retesting Channel Resistance-Turned Support (99.67); Eyes Nearby Resistance at 97.86.

Key risk events today: EUR Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference; Crude Oil Inventories; New Zealand CPI q/q. (Italics represents previous analysis and outside sources) EUR/USD: Europe’s shared currency finished mostly unmoved against the US dollar Wednesday, lingering south of the 1.11 handle. Technically, the main highlight on the H4 chart … Continue reading Thursday 23rd January: US Dollar Index Retesting Channel Resistance-Turned Support (99.67); Eyes Nearby Resistance at 97.86.

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22 Jan 2020

Wednesday 22nd January: USD/CAD Consolidates Ahead of BoC.

Europe’s single currency concluded the day a shade lower against the US dollar, despite EUR/USD gleaning some traction via an encouraging German/Eurozone ZEW survey earlier in the session.

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