Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT  Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17 We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it. Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support. […]

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance EUR/USD sold off sharply from the $1.1720 region on Friday, with the pair shifting away from a crucial area of resistance. The ability to break through the $1.1746-$1.1790 resistance zone is key in determining whether we are set for a bullish breakout or not. With the […]

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains The EUR/USD exchange rate has made strong gains over recent weeks aided by a tightening in monetary policy in the region. The European Central Bank (ECB) went ahead and cut monetary stimulus in half last week which aided the uptrend while confirming they are on track to deliver an interest rate rise […]

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020 With the 10th anniversary approaching of the catalyst for the last major global stock market crash – the Lehman Brothers’ collapse – strategists from JPMorgan are predicting the next financial crisis to strike in 2020. Wall Street’s largest investment bank analyzed the causes of […]

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance EUR/USD has rallied back into the four-hour simple moving average (SMA) resistance overnight, with the pair remaining stuck between the descending trendline resistance and SMA support. That trendline (dating back to June) is back in play now, and we would need to see a break through $1.1659 to signal […]

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]

The EU are the New Nazi’s

The EU are the New Nazi’s

The EU are the New Nazi’s The EU parliament’s vote to trigger Article 7, allowing punitive measures against Hungary, has provoked disbelief and indignation, with commentators describing the “authoritarian” move as contrary to the bloc’s own self-interests. Citing Hungary’s anti-immigration policies and concerns about “media suppression,” the European Parliament voted on Wednesday to invoke the […]

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support EUR/USD has been turning lower from trendline support over the past 24 hours, with the pair seeking to continue the pullback following the late-August rebound. This move lower is likely to continue, yet with the 200-day simple moving average (SMA) on the four-hour chart below, we have a […]

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade Renewed euro strength early on this morning suggests we may see another attempt by EUR/USD to break the $1.1660 area that stifled upward progress last week. If this is broken then the August high at $1.1740 comes into view. The cautiously bullish view would be negated by a move back […]

The Next Euro Crisis

The Next Euro Crisis

The Next Euro Crisis With trade tensions, an Italian government bucking at deficit limits and emerging market currency woes threatening the eurozone, observers will look to the European Central Bank for reassurance Thursday, while policymakers strive to project stability. Since July, when ECB President Mario Draghi proclaimed “confidence” in the outlook for growth and inflation, […]

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again Friday’s jobs data knocked EUR/USD back to the $1.15 support level, with a further test of this level this morning. Fresh declines would target the $1.13 level. A move above $1.1660 is needed to suggest a broader move higher is underway, and even then it needs to clear $1.18, which has […]

Argentina Under Pressure

Argentina Under Pressure

Argentina Under Pressure Argentine President Mauricio Macri’s government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply. It will be a crucial week for Macri and his government after a turbulent few months in which the currency has been badly hit by a crisis of […]

Trade War Hits Europe

Trade War Hits Europe

Top officials from the US and EU meet in Brussels on Monday in an effort to iron out differences on trade talks announced to great fanfare this summer. US President Donald Trump and European Commission head Jean-Claude Juncker in July pledged to hold off from further tit-for-tat tariffs and to work towards a limited trade […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday. A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would […]

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement EUR/USD is selling off after an overnight rally which took us into the 76.4% retracement. This deep retracement allows for better risk-to-reward trade entries. We are now seeing the pair push back towards yesterday’s lows, with the trend looking set to resume once more. Therefore look for a break […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend It may well be that EUR/USD’s downtrend from the April highs has reasserted itself. The pair faltered last week at $1.17, so further declines below $1.15 will support the bearish thesis. This would open the way to support at $1.13. A close above $1.16 would signal that the buyers […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Note: After a quiet Monday due to holidays in USA, the USD could begin strengthening Vs the Euro and Sterling from […]

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend EUR/USD fell below trendline support, with the pair moving into a crucial area of support that will determine the outlook for the week ahead. The pair needed to either break through $1.1746 for a more bullish outlook, or below trendline support to prove that we could be set […]

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today For the EUR, stats through the week include August private sector PMI numbers due out on Monday and Wednesday, July retail sales figures out of the Eurozone on Wednesday, Germany factory orders on Thursday, with finalized 2nd quarter GDP numbers out of the Eurozone and […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month (it is happening early). This Supports not holding.PE Notes: The Argentinian Peso at 37.96 has crashed almost 33% from marks near 31.30 to 41.46 […]

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance EUR/USD has been trying to rally through the Tuesday peak of $1.1733, with the pair pushing towards the crucial bullish breakout level of $1.1746. So far, however, we have failed to break either of those levels, which points towards a potential period of weakness. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month. This become bigger if certain Support and Resistances hold. PE Notes: Some positive sentiment is swirling around the BREXIT talks helped GBP rally Wednesday. EUR […]

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level EUR/USD has managed to rally through a number of resistance points, with the price almost hitting the $1.1746 high from late August. The ability to rally through this $1.1746-$1.1790 resistance zone is going to be key in determining whether we are set for further upside or not. As […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: Important resistances on EUR and on GBP/USD are holding, suggesting that the US Dollar strength cane […]

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745 While we have been expecting a ‘robust recovery’ in EUR since last Tuesday (see update on 21 Aug, spot at 1.1485), the pace and extent of the rally over the past 2 days exceeded our anticipation (note that EUR rose by +1.21% over Friday […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Note: Watch out for crucial resistances on EUR at 1.1675-1.1700 and on Sterling at 1.2872, if breached, […]

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level The Euro rallied significantly during the trading session on Friday, breaking above the shooting star that formed on Wednesday which of course is a very bullish sign. At this point, the market may continue to go higher, but there’s obviously a lot of resistance just above. If […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: USD strength might see a return this week, EUR looks like it might dip from 1.17, RMB […]

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data The Eurozone’s economic outlook didn’t actually change much last week, but the Euro saw significant gains against the US Dollar regardless. Concerns about the possibility of a Turkish currency crisis persisted, the Eurozone’s August PMI projections were mixed, and Germany’s final Q2 Gross Domestic […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/ reversal next month. This become bigger if certain Support and Resistances hold. PE Note: The US Dollar .DXY Index is up 0.5% at 95.62 5 consecutive losing sessions. […]

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as that is […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The US Dollar (.DXY) Index is lower by 0.2% at 95.01. .DXY slipped beneath the 50-Day MA in early Wednesday, came off its lows in the US.  .DXY track it 5th straight decliner. USD saw afternoon selling after the FOMC Minutes from the August meeting acknowledged the presence […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US Dollar (.DXY) Index off 0.8% at 95.12, back at August lows. USD retreated in overnight action, but climbed off its low in early-morning trade, the rebound was short-lived, as .DXY saw resistance near its Monday’s closing mark. Intra-day action saw a move to the overnight low, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY surrendered an overnight gainer. With today’s decline, USD is down 0.8% since last Wednesday, tracking its 3rd loss running. .DXY climbed at the start of the overnight session, but saw resistance near marks from Friday morning. The .DXY marked a high during the European session, having spent the […]

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level EUR/USD’s bounce off the November 2016 high at 1.1300 has further to run and targets the May and June lows at 1.1508/10. Should a drop and daily chart close below the 1.1300/1.1296 November 2016 and mid-June 2017 highs be seen, however, the 61.8% Fibonacci retracement of the […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 14-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite […]

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend While still in its early stages and vulnerable to a breakdown, the fledgling uptrend will probably endure over coming days now the exchange rate has formed two higher-highs and two higher lows on the 4-hour chart – a major indicator of early stage changes […]

Europe is an Economic Disaster

Europe is an Economic Disaster

Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy. After eight long years and three austerity-heavy bailouts, Athens will on Monday formally leave the financial rescue umbrella of its creditors from the EU and International […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 13-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish […]

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session EUR/USD has posted small losses in the Thursday session. Currently, the pair is trading at 1.1372, up 0.24% on the day. On the release front, the German Wholesale Price Index dropped to 0.0%, short of the estimate of 0.5%. The eurozone trade surplus narrowed to EUR […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.75 as it saw some selling pressure after marking a 13-month high in morning trade. Overnight USD strength pressured other major currencies like EUR and GBP to new lows for the year, but USD has struggled to hold that high amid mounting bets on an […]

GBP British Inflation Accelerated

GBP British Inflation Accelerated

GBP British Inflation Accelerated British inflation accelerated last month on high transport costs, hitting average workers’ purchasing power — but boardroom pay has surged, data showed Wednesday. The Consumer Prices Index (CPI) 12-month rate picked up speed to 2.5 percent in July after 2.4 percent in June, the Office for National Statistics (ONS) said in […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Tuesday’s rebound on Wall Street coincided with a rebound in the Turkish Lira, which had plunged nearly 25% Vs in the prior 2 sessions. The Lira added about 8% Vs USD  Tuesday, helping to ease concerns over the financial health of lenders with heavy exposure to Turkey. PE […]

Sell the German Rally

Sell the German Rally

Sell the German Rally Germany’s economy rebounded from a first-quarter slowdown to book 0.5 percent quarter-on-quarter growth between April and June, federal statistics authority Destatis said Tuesday in preliminary data but this looks like a misleading indicator. Analysts surveyed by data company Factset had predicted expansion would remain at the level seen between January and […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. And now after a week of  hammering is is beginning to […]

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. PE US Dollar (.DXY) Index at 96.41: .DXY saw […]

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300 60% of analysts believe that the dollar will continue to strengthen, and the pair will go down. Graphical analysis on H4 and D1, most indicators agree with this development. The target is the zone 1.1120-1.1300. There is little sign that the euro is about to turn around […]

Brexit is Good for Business

Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed Friday, helped partly by sunny weather and the World Cup football tournament. Gross Domestic Product — the value of all goods and services produced in an economy — grew 0.4 percent in the three […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading higher and EUR is moving lower, both towards there respective support and resistance in here. PE US Dollar (.DXY) Index at 95.586: .DXY is moving closer to its prior highs 95.6-95.7. On weekly line a clear break of 95 has .DXY looking Bullish near term. Note: If US […]

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains The sellers are attempting to take charge again, pushing EUR/USD back from yesterday’s highs. They still have to break the $1.15 support zone, which would mark a particularly bearish development. A possible first area of support in case of any sustained downturn comes in at $1.1285. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading lower and EUR is moving higher, both towards there respective support and resistance in here. PE The Dollar (.DXY) Index at 95.15: ,DXY could move lower to 94.8, its 21-Day MA over the rest of this week. If .DXY breaks below 94.8, the trendline support is at 94.5, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR are moving against our expectatona in here. PE The Dollar (.DXY) Index at 95.15: .DXY dipped Monday after marking a high 95.52 on the day. .DXY has support at 94.8, 21-Day MA, and 94.5 the trendline support. A test of 94.8 would align the EUR’s testing 1.165-1.167, and […]

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown The euro currency is correcting higher against the U.S. Dollar on Tuesday, as the U.S. Dollar Index starts to pullback from a two-week trading-high. The EUR / USD pair performed a bearish daily price-close below the November 2017 trading-low, at 1.1553 on Monday, marking the euro’s lowest daily […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR moving as expected in here. PE The Dollar (.DXY) Index at 95.314: The Dollar Index saw a high at 95.52 Monday day and could move higher to resistance on daily line chart at 96.0-96.2 some time next week. Recall that it broke the 95 mark last week, and […]

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders Eurozone outlook dims as German factory orders slump in June. Data comes as fears over Italian politics appear on radar again. EUR/USD to break 1.15 this week and fall to new lows this summer. The Euro was steady Monday but a stalling continental economy means the […]

Weak Lira Will Help Turkey

Weak Lira Will Help Turkey

The Turkish lira on Monday hit new record lows against the dollar and euro as strains caused by a diplomatic spat with the United States compounded concerns over domestic economic policy. President Recep Tayyip Erdogan on Saturday said Ankara would sanction two American officials in response to a similar move by the United States against […]

Merkel and EU Have Germany on Edge of Collapse

Merkel and EU Have Germany on Edge of Collapse

Industrial orders in Germany fell more than expected June, official data showed Tuesday, as global trade tensions weighed on Europe’s top economy. New contracts at industrial firms plunged four percent month-on-month, federal statistics authority Destatis said in figures adjusted for seasonal swings, following a 2.6 percent increase in May. Analysts surveyed by Factset had predicted […]

Time to Sell European Banks

Time to Sell European Banks

European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Credit Suisse and BBVA all wrongfooted sector experts with results exceeding consensus forecasts. “For many banks, earnings […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.17 moved up and now looks like 96 next in here, aa close above 95 Friday will be Very Bullish for .DXY next week EUR (Euro) at 1.1587 broke below support at 1.1600-1.1625, it is headed South to 1.1508. There is support 1.145 on 3-day line, a clear […]

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth The Euro (EUR) was unable to gain momentum yesterday with the release of the bloc’s manufacturing PMI for July. EUR/USD is trading lower and lost more than 80 pips from yesterday’s high of 1.16996 after more hawkish fed policy. Fed has kept its interest rates unchanged […]

Global Interest Rates are on the Rise

Global Interest Rates are on the Rise

The Bank of England hiked interest rates Thursday by a quarter-point to 0.75 percent to help tame high inflation, and upgraded its 2019 economic growth forecast despite Brexit fears. The British central bank’s nine-member monetary policy committee voted unanimously to raise rates for only the second time since the global financial crisis, but left unchanged […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.64, the FOMC stressed that the US economy is growing strongly and so, a rate hike in September is almost certain. The Fed’s policy did not strengthen .DXY, it looks like it could strengthen towards 95.0-95.5 in her, as long as it holds above 94. […]

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern – EUR/USD almost broke out higher on Tuesday but closed back down in range – Bearish EUR/USD forecasts still dominate the technical community – Positive assessment from the Fed could give green light to Dollar buying “The Euro-to-Dollar exchange rate momentarily looked poised […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.59 the 1st support held for .DXY Tuesday, it is now trading at the major resistance. The focus is on the FOMC meet Wednesday, which could strengthen .DXY to 95.0-95.5. We will see if it gets capped there or breaks out. EUR (Euro) 1.1684 moved […]

Euro: USD/EUR (EUR=X) regaining ground after recent decline

Euro: USD/EUR (EUR=X) regaining ground after recent decline

Euro: USD/EUR (EUR=X) regaining ground after recent decline The Euro (EUR) has firmed against the US Dollar (USD) today, hitting an exchange rate of $1.1738. This is resilient trading in the face of the latest Eurozone data, which has revealed a faster pace of inflation but slowing GDP growth. On the plus side, July’s annual Eurozone inflation […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.38 fell Monday and is testing support at 94.30-35. Expecting this support to hold and for the FOMC meet to strengthen .DXY. If that happens a ride to 95.0-95.5 is likely, and 95.5-96.0 is important resistance, and a clear break above that […]

Euro: USD/EUR (EUR=X) strengthening following periods of downside

Euro: USD/EUR (EUR=X) strengthening following periods of downside

Euro: USD/EUR (EUR=X) strengthening following periods of downside For European currencies, NET LENGTH for EUR futures gained +8 233 contracts to 29 640 for the week. Bulls increase their bets, by + 2125 contracts, to 179 515, while bears decreased bets, by -6 108 contracts, to 149 875, for the week. GBP futures deepened into NET SHORT position, adding […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.74, the FOMC meet this week could strengthen .DXY as the overtones in the policy statement could be Hawkish. If that happens, a rise to 95.5 is seen. The resistance at 95.5-96.0 is important, a clear break […]

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out From a number of perspectives, therefore, we think euro weakness has run much of its course for now and advise buying into weakness. Reduced trade uncertainty, a stabilization in the data, discounted policy rate differentials, a large current account surplus and the geopolitical sensitivities of exchange rate […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.694 tested support Thursday near 94.08 and then bounced as the ECB continued its Dovish stance. The US GDP release Friday is expected to show sharp acceleration in GDP in Q-2. If that happens, […]

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout All eyes are on the ECB, which will set interest rates later on Thursday. The markets are not expecting anything dramatic from policymakers, with rates expected to remain at 0.00%. In June, the ECB decided to end its massive bond-purchase scheme by the end of the year, which has […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.165 is trading slightly below support a 94.2 on daily and 3 day candles. A clear break below 94 negates the near term rise to 95-96. The ECB meet’s outcome today could decide the direction. EUR (Euro) at 1.1736 is testing resistance at 1.174, A clear […]

Euro: USD/EUR (EUR=X) drifting lower from triangle top

Euro: USD/EUR (EUR=X) drifting lower from triangle top

Euro: USD/EUR (EUR=X) drifting lower from triangle top The euro currency remains largely unchanged after solid IFO data for the month of July from the German economy. All three components of the German IFO survey beat market expectations, with only the current assessment survey beating the previous months reading. Stronger recovery cannot be ruled out […]

Trade War Latest News

Trade War Latest News

Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that there was “no winner in a trade war,” calling on the United States to withdraw from the wrong path and not to go any further. The Trump administration announced it would provide up to 12 billion U.S. dollars in aid to U.S. farmers impacted by ongoing […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.62 is respecting support here, and could rise to 95.0-95.5-96.0. But a clear break below 94.1 is required to negate a rise to 95-96. EUR (Euro) at 1.1678 is trading quietly in anticipation of the ECB meet Thursday ranged within 1.174 – 1.165. A […]

Euro: USD/EUR (EUR=X) high-impact German survey data comes out

Euro: USD/EUR (EUR=X) high-impact German survey data comes out

Euro: USD/EUR (EUR=X) high-impact German survey data comes out EUR/USD traded mostly unchanged at the end of European trading on Tuesday as an early day decline was firmly bid by buyers. Volatility has been quite muted in the early week as traders brace for the European Central Bank (ECB) meeting scheduled later this week as […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.63, the support near 94 held well for .DXY Monday. It is now trading near the 21-Days MA near 94.6. A rise to 95.00-95.25 in here, 95.5 is an important resistance mark. A clear break above that mark will correspond with a break […]

Euro: USD/EUR (EUR=X) volatile but mostly directionless

Euro: USD/EUR (EUR=X) volatile but mostly directionless

Euro: USD/EUR (EUR=X) volatile but mostly directionless The Euro finished in the middle of the pack last week, gaining ground against four currencies while losing ground against three. EUR/CHF was the worst performer, dropping by -0.61%, while EUR/GBP was the best, adding +0.98%; EUR/USD was volatile but mostly directionless, adding a mere +0.33%. While the economic calendar last week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.29 has broken support near 94.5, next support is at 94 which it could test in early this week. A test of 94 by .DXY could correspond with a test of 1.18 by EUR. EUR (Euro) at 1.1739 moved past resistance at 1.1715 […]

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review The euro has been treading water. It is unlikely to find a rescuing hand from the European Central Bank, whose policymakers meet this week. While analysts expect the shared currency to strengthen as the year progresses, conviction in that view is shaky, with strategists […]

President Trump, “China, EU ‘Manipulating Currencies'”

President Trump, “China, EU ‘Manipulating Currencies

President Trump, “China, EU ‘Manipulating Currencies’” President Donald Trump doubled down Friday morning on his plan to impose massive tariffs on China and the European Union, Tweeting that the United States should be on a “level playing field’’ with countries that have been “manipulating their currencies.” Trump also zeroed in on Canada in a 3rd […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE Note: US President Donald Trump’s comments that he is not thrilled by the Fed’s rate hikes. The US Dollar (.DXY) Index at 95.17 tested a 1 year high at 95.65 Thursday and dipped.  A rise to 96 could correspond with EUR’s falling to 1.15. .DXY may face resistance at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.08 tested at 95.41 Wednesday and has then dipped. And can now move to the 21-Days MA at 94.67 which correspond with a rise in EUR to 1.1715. EUR (Euro) at 1.1644 saw a low of 1.1602 Wednesday. The support has held and the single […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.01 bounced Tuesday and is now looking Bullish to 95.5, and its prior high at 95.53 is a Key mark. A a clear break there is Bullish USD. EUR (Euro) at 1.1653 moved up to 1.1745 Tuesday, but dipped before testing resistance at 1.176-1.177. A […]

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor The ECB’s negative interest rate policy has made yields unattractive and vulnerable to the improving growth outlook. We expect core eurozone yields to rise. We are cautious on peripherals given tight valuations, political risks in Italy and the upcoming end to the ECB’s net asset purchases. […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.545, as he 34-Day MA on the daily line is support at 94.40. Want to see a rise in the EUR to 1.175 that implies that .DXY could break above or below that support, We wait. EUR (Euro) at 1.1707 moved up Monday, marking a […]

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]