Friday 19th October: Flight to safety pulls the US dollar higher and weighs on major counterparts

Narayan Joshi No Comments

EUR/USD: The euro refreshed weekly lows vs. its US counterpart Thursday, despite an earnest attempt to defend its 1.15 handle amid London hours. The resultant rebound in US Treasury yields bolstered the USD market, though the US dollar index remains unable to breach its next upside chart hurdle: 96.000. Down 0.42% on the day, the … Continue reading Friday 19th October: Flight to safety pulls the US dollar higher and weighs on major counterparts

Thursday 18th October: FOMC minutes bolsters USD markets pressuring major counterparts to lower ground.

IC Markets No Comments

EUR/USD: Over the course of Wednesday’s sessions, the greenback witnessed a resurgence of bidding, lifting the US dollar index above its 95.50 mark and pressuring the euro to lower ground (-0.63%). Yesterday’s FOMC meeting minutes for September stated all policy makers expressed the view of raising rates by 25bps. On the data front US building … Continue reading Thursday 18th October: FOMC minutes bolsters USD markets pressuring major counterparts to lower ground.

Wednesday 17th October: Brexit’s ‘moment of truth’ as PM May heads to Brussels for crucial summit.

Narayan Joshi No Comments

EUR/USD: Despite an earnest effort to overthrow 1.16 (and surrounding monthly opening levels from October and September at 1.1604 and 1.1595, respectively) on Tuesday, the shared currency failed to sustain gains beyond 1.1621, consequently concluding the day more or less unchanged. In light of yesterday’s push to fresh highs (red arrows), another retest of H4 … Continue reading Wednesday 17th October: Brexit’s ‘moment of truth’ as PM May heads to Brussels for crucial summit.

Tuesday 16th October: UK labour market data eyed – keep tabs on GBP-related pairs during this time!

IC Markets No Comments

EUR/USD: Benefitting from broad-based USD weakness and a lower-than-expected US retail sales print, the shared currency travelled higher ground on Monday. H4 support at 1.1543 (unites with a 38.2% Fib support), as you can see, offered the pair a floor in the early hours, lifting price towards its 1.16 mark and surrounding monthly opening levels … Continue reading Tuesday 16th October: UK labour market data eyed – keep tabs on GBP-related pairs during this time!

Monday 15th October: Weekly technical outlook and review.

Narayan Joshi No Comments

EUR/USD: Weekly Gain/Loss: +0.33% Weekly Close: 1.1557 Weekly perspective: Demand at 1.1312-1.1445 was nudged into the spotlight last week after a two-week bearish stint out of a neighbouring resistance area at 1.1717-1.1862. This, according to our technical reading, is now considered a ranging market on this scale. Also worth noting is the buyers from 1.1312-1.1445 … Continue reading Monday 15th October: Weekly technical outlook and review.