Friday 9th November: Slew of UK data hits the wires early London – remain vigilant!

Narayan Joshi No Comments

EUR/USD: On the back of latest budget exchanges between Italy and the EU, as well as The FOMC keeping rates unchanged at 2.00-2.25%, as expected, this cemented the single currency’s position beneath 1.14 on Thursday. The FOMC statement was also little changed, though remains reasonably upbeat, potentially paving the way for a December rate hike. … Continue reading Friday 9th November: Slew of UK data hits the wires early London – remain vigilant!

Thursday 8th November: FOMC rate decision eyed – remain vigilant.

IC Markets No Comments

EUR/USD: The US dollar staged an impressive recovery on Wednesday after extending losses across the board in wake of the US mid-term election results, which saw the Republicans lose control of the House. The EUR/USD market challenged its 1.15 handle and surrendered a large portion of recent gains. As the H4 candles appear poised to … Continue reading Thursday 8th November: FOMC rate decision eyed – remain vigilant.

Wednesday 7th November: Eyes remain on US mid-term election results

Narayan Joshi No Comments

EUR/USD: Although the single currency managed to uphold a bullish presence above its 1.14 handle on the H4, the unit failed to sustain gains beyond nearby resistance at 1.1432 Tuesday, concluding the day marginally in the green ahead of the US mid-term election results. Further buying from here has the 1.15 handle on the radar. … Continue reading Wednesday 7th November: Eyes remain on US mid-term election results

Tuesday 6th November: American voters take to the polls today for the mid-term elections – USD volatility possible

Narayan Joshi No Comments

EUR/USD: At the closing stages of Monday’s session, the single currency settled in positive territory, up 0.18% vs. its US counterpart. On the back of a fading USD across the board, the H4 candles reclaimed 1.14+ status during US hours, following a test of nearby support at 1.1366, which happens to converge closely with a … Continue reading Tuesday 6th November: American voters take to the polls today for the mid-term elections – USD volatility possible

Monday 5th November: Weekly technical outlook and review

Narayan Joshi No Comments

EUR/USD: Weekly Gain/Loss: -0.14% Weekly Close: 1.1387 Weekly perspective: By way of a clear-cut indecision candle, the shared currency concluded the week closing within the walls of demand seen at 1.1312-1.1445. Should buyers regain control from this point, price shows room to extend as far north as a resistance area coming in at 1.1717-1.1862 (capped … Continue reading Monday 5th November: Weekly technical outlook and review