Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: ECB’s policy stance turned out to be a mix of Hawkishness and Dovishness. PE Related Story: Euro: Europe is a Failed State EUR (Euro) at 1.1564, the single currency saw its biggest intra-day fall since Dec ’16, as it fell from 1.185 to 1.156. Note: On the charts, it is testing important support on […]
Euro: Europe is a Failed State $EURUSD Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered […]
USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance After today’s ECB meeting, analysts from Danske Bank explained that it is the new time dependent rate guidance that is key for the euro. Key Quotes: “A short-lived knee-jerk move higher in EUR/USD on the QE end-date announcement but this quickly more than reversed as the rate guidance […]
USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018 EUR/USD will be restrained this summer by political risks in Italy. But can rise in second half of 2018 as ECB ends QE programme. Although forecasts suggest upside is more limited than before. The Euro-to-Dollar rate will be […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index 93.87 trades around the 93.4-93.8 during the last 3 sessions. Note: Tuesday, the US CPI met expectations did not have a Bearish impact on USD. The FOMC meet Wednesday will be important, as any sign of Dovishness could push .DXY down to 92.8-93.0. EUR (Euro) at […]
USD/EUR (EUR=X) Heading Towards 1.1900 While the 1.1830-40 horizontal-region seems crucial for the EURUSD in order to justify its strength in targeting the 1.1900 and the 1.1950 resistances, pair’s upside beyond 1.1950 might have a challenging task to surpass the 200-day SMA level of 1.2010 on a D1 basis. In case if the quote provides […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting 93.0-92.8 this week. EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance. USD/JPY at 110.24 turned Bullish, […]
USD/EUR (EUR=X) Target 1.1660 EUR/USD has pared most of its gains and is trading below 1.1800. All G7 leader seemed to endorse a common communique. Canadian PM Justin Trudeau said in press conference that Canada would impose tariffs on US imported goods on Jul 1st 2018. Trump lashed out Canada’s PM in twitter saying that […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.43 could move South to 93. Support at 92.8-92.6 could be important, a clear break below that is the 1st sign of a Bearish .DXY ahead. EUR (Euro) at 1.1797 is likely to see a to 1.1875 in here, 1.19 could be important resistance, a clear […]
USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16 President Donald Trump’s opponents must be very upset – to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve’s target of 2%, the trade […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.47 tested to 93.21 Thursday. It may bounce to 93.6-93.7 Friday and fade, 92.8 is an important mark. A clear break below 92.8 is the 1st indication of Bearishness for .DXY medium term. EUR (Euro) at 1.18 will head to 1.177-1.178 Friday, 1.19 is an important […]
USD/EUR (EUR=X) Upside Potential to 1.2050 The EUR/USD is finally enjoying some upside momentum for the first time since mid-April. Also, the RSI turned positive, topping 50. The pair remains well below the 50-day Simple Moving Average and the 200-day SMA. Both SMAs are around 1.2010, and more importantly, they are about to cross. The […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.51 broke below support 93.68, it may bounce from 93.3, or fall to 92.8. A clear break below 92.8 has .DXY Bearish medium term. EUR (Euro) at 1.1792 broke resistance at 1.175 and tested 1.18. A clear break of 1.181 take it to 1.19. A break there […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.84 broke below support, next support at 93.65. A break below 93.65 turns .DXY Bearish to 93.3-92.8. A clear break of 92.8 would be Very Bearish medium term. EUR (Euro) at 1.1723 a break above 1.175 then sees 1.181. If 1.181 breaks, see signs of Bullishness medium […]
USD/EUR (EUR=X) Entry at 1.10 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 1.19. The projected upper bound is: 1.18. The projected lower bound is: 1.16. The projected closing price is: 1.17. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.08 saw a low of 93.66 Monday. It has been trading below 94.25 for the last 3 sessions, but could move to 95. EUR (Euro) at 1.1689 tested near 1.176. It might dip to 1.163 in here. USD/JPY at 109.88 broken resistance at 109.6 and has […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) at 94.027 tested to 93.7-93.8 Friday, and may see 93.8-94.0 Monday or Tuesday. If not a rise to 95 later this week is possible. EUR (Euro) at 1.1687 may fail to test at 1.178 and fall to 1.155 this week. USD/JPY at 109.62 seeing resistance at 109.6-109.7-110. There […]
Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.031 tested to 93.8 Thursday and test to 93.50 soon. If it breaks 93.5, .DXY may turn Bearish medium term. But, while trading above 93.5, it could test to 95. On the 3 day lines, 96 is seen as Key resistance, the maximum upside […]
President Trump ‘Sanctions’ Socialist Europeans Thursday night, a frightened Emmanuel Macron told US President Donald Trump that tariffs on steel and aluminium imports from the European Union were “illegal” and that the EU would respond in a “firm and proportionate manner.” The call between the young French President and President Trump came after the US […]
Expect Italy’s New anti-Establishment Government to ‘Dump’ Euro $EUR Thursday, just a few minutes after the announcement on of a deal on a new anti-establishment government in Italy, 1 of its leaders attacked a top Eurozone official for comments he deemed racist in a fresh sign of cracked relations with Brussels. In a conference Thursday, […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: The political turmoil in Italy seems to have spurred the demand for USDs. PE US Dollar (.DXY) Index 94.95 tapped 95 Tuesday, now USD should dip. If it breaks 95.63, then we will look for higher marks. Wednsday a dip to 94.6 could happen before another rise to 95. […]
Italy’s Deepening Political Crisis May Drive Gold North $GLD, $SLV The deepening political crisis in Italy that provoked a 2nd day of heavy selling on European financial markets. Italy’s President set the country on a path to early elections on Monday, appointing a former IMF official as interim PM with the task of planning for […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.347 tested support near 93.86, then bounced to 94.50, thus testing resistance trendline. If breaks support near 94.10 in here, then see 93.6, which should then produce a bounce for a test at 95, seeing the cap at 95.00-95.65. EUR (Euro) at […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.921 tested support at 93.6 Thursday. While trading above 93.7, it should test at 94 again and then perhaps to 94.2-94.4, them dip to 94. The Northside cap is 95.00-95.65. EUR (Euro) at 1.1710 rose to 1.175 Thursday and dipped, may see […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: The release of FOMC’s May dovish minutes seems to have had opposite effects on USD strength and US yields. While a stronger indication of a rate hike in June imparted strength to USD, its tolerance for inflation above 2% pushed yields down. PE The US Dollar (.DXY) Index at […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.65 tested support at 93.29 Tuesday and now seems to be rising from there back towards 94. A deeper correction towards the 5 Wk MA 93.0-93.5 is on the cards, which might happen after a retest of 94. If so, the Northside target at 95 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.57 made a new high of 94.06 Monday dipped, and is currently trading at 93.4-93.5. There are still good chances of .DXY testing at 95 in this week or next. EUR (Euro) at 1.1782 could either dip from here, or could extend North […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.79 saw a high near 93.8 Friday and is continuing to trade there. A dip might be restricted support at 93.4-93.5. There is a good chance of a .DXY test at 95 in this week or next week. EUR (Euro) at 1.1753 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.45 marked a low at 93.12 Thursday but did not test support at 93.25-93.00, that test could happen next week, then after .DXY should move to 94-95 where is will likely be capped. EUR (Euro) at 1.1804 marked a high at 1.1837 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.12 is dipping after testing at 93.6 Wednesday. It could dip further towards support on daily at 93 before resuming its uptrend. It should target 94-95 yet this month. EUR (Euro) at 1.1831 dipped to a low of 1.1763 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.30 moved up after the benchmark US 10yr T-Note Year yield rose past 3% Monday. This was in response to US Retail Sales data. Note: .DXY moved up from the 13-Day MA at 92.5 to a high near 93.46. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck up and down. PE US Dollar (.DXY) Index at 92.64 saw support at the 13-Day MA and moved back to 92.6. Note: The markets await the Retail Sales data Tuesday. If it turns out to be higher than expected, it could take yields higher and lend […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index at 92.43 testing to the 13-Day MA at 92.45, it may see some support. If it dips below 92.4-92.3, it could test the 21-Day MA at 91.6 and then move up or down from there. EUR (Euro) at 1.1962 is trading […]
As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index -0.4% to 92.70 $EURUSD +0.58% at 1.1921 $GBPUSD -0.18% to 1.3518 $USDCHF -0.21% to 1.0027 $USDJPY -0.27% to 109.41 $USDCNY -0.23% to 6.344 US Consumer Price Index (CPI) increased 0.2% in April, less than the 0.3% rise projected. Naturally, there […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.99 dipped Wednesday from 93.3-93.4 to92.8-92.9. It should rise back up towards 93.5 again by Friday. .DXY on the 1 hr chart)could be in the last leg of its 5 wave move from 89.23. This last leg may quit near 93.70-94.50. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.18 did not dip to 92.4-92.5 Tuesday, it rose to a high near 93.28 and is currently trading near 93.2, our projection for .DXY is coming close to its medium term target of 94-95 in the next 1-2 weeks may […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.76 saw a high at 92.97 Monday, and it could test 92.4-92.5 Tuesday before rising again. The next 1-2 weeks might well see .DXY come close to its medium term target at 94-95. EUR (Euro) at 1.1925 did not rise towards […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.474 marked a low of 92.35 Friday but has risen from there, while it trades below 92.5, it can range with 92.5-92.3 for a while, if .DXY trades below 92.3, it could test 92.0-91.50. A clear break of 92.5 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: USD still holding strong on hawkish Fed statement. PE The US Dollar (.DXY) Index at 92.38 saw highs at 92.8 after the Fed expressed positivity regarding future inflation this week. Note: If .DXY dips below 92.3 Friday, could then move to 92.0-91.5 and resume its uptrend. The next target […]
Forex Morning Briefing $DXY, $EUR, $JPY Commentary: USD stronger on Fed statement. PE The US Dollar (.DXY) Index at 92.58 saw a high near 92.8 Wednesday, as the Fed maintained stood pat noting inflation is moving higher. This Hawkish stance might have pushed .DXY to 92.8, but it is again trading near 92.5-92.6 now. Near term see […]
Forex Morning Briefing $DXY, $EUR, $JPY Commentary: Asian and EU markets open. PE The US Dollar (.DXY) Index at 92.3650 has risen to 92.5, and may see resistance here for a few sessions. Note: The next few sessions could also depend upon the perception of the FOMC’s stance in its meeting later today. Although a rate […]
Forex Morning Briefing $DXY, $EUR, $JPY Commentary: Sing. closed for holiday PE Currency Markets US close Monday US Dollar Index +0.3% at 91.77 $EURUSD -0.31% to 1.2087 $GBPUSD -0.07% to 1.3765 $USDCHF +0.26% at 0.9899 $USDJPY +0.17% at 109.22 $USDCNY Unch at 6.332 EUR (Euro) The single currency unit received little support from the German CPI report […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 91.535 broke Key resistance marks in the past week and could now target 92.5 as seen on the daily lines. EUR (Euro) at 1.2111 breaking below 1.215 and testing a low at 1.2096 Thursday the downtrend looks […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 91.17 breached 90.5-91.0, the Key resistance zone. This strengthening of USD was aided by the move in US yields on the positivity around US GDP. Note: The ECB meeting later Thursday could be important. Any increase in Hawkishness […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 90.845 has come off from 91 and continues to trade above Key resistances on the daily lines near 90.50-90.75. It could struggle there and turn Bearish near term. Note: The recent up move in US Treasury […]
USD/EUR (EUR=X) Heffx Technical Outlook Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 1.22. The projected upper bound is: 1.24. The projected lower bound is: 1.21. The projected closing price is: 1.22. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing strength ahead for USD. PE The US Dollar (.DXY) Index at 90.907 saw at high at 91.08 breaking Key resistance on the daily lines 90.50-90.75. If this break holds it could mean medium term Bullishness, we will see. EUR (Euro) at 1.2207 saw a low of 1.2185 and […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 90.372 is testing resistance at 90.25-90.50 on the daily lines. The 90.5-91.0 looks like Key resistance, and a clear break there would imply a Bullish USD medium term. EUR (Euro) at 1.2276 broke below support 1.23 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 89.95 has risen past resistance at 89.8 and could now test at 90.00-90.25, after which it could dip back to 89.50-89.25. EUR (Euro) at 1.2340 is testing at 1.233-1.235 and could dip lower to support near […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 89.69 rose after testing support at 89.25 day before Tuesday, and now 89.8 looks like immediate resistance, if it breaks 89.8, then 90.00-90.25 could be next resistance, then a dip. EUR (Euro) at 1.2375 tested […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing continuing weakness ahead for USD. PE The US Dollar (.DXY) Index at 89.51 marked a low at 89.23 Tuesday testing support at 89.25, and now see 89.8 as 1st resistance. Higher resistance is at 90.0-90.5, if it marks there will produce a dip. EUR (Euro) at 1.2377 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing continuing weakness in here. PE The US Dollar (.DXY) Index at 89.42 dipped from 89.7-89.8 to 89.4 and could go to support at 89.25 yet this week. Monday US Retail Sales data came in higher than expectation but did not lend any strength to USD. EUR (Euro) […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some weakness in here. PE The US Dollar (.DXY) Index at 89.74 is trading at 89.7-89.8, seen last Thursday and Friday. It will move to support at 89.25 this week. US Retail Sales data could have significance impact on .DXY this week. EUR (Euro) at 1.2342 is holding above 1st support […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some, but not much, strength in here. PE The US Dollar (.DXY) Index at 89.79 seeing a pause in its move to support at 89.25, then there is continuing resistance at current marks that will push it down again. EUR (Euro) at 1.2327 dipped from 1.2396 Wednesday […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.535 marked a low at 89.36 Wednesday. .DXY is expected to move lower towards support at 89.25 by Friday or next week. The US CPI data release Wednesday reflected moderation in inflation and did not affect USD strength […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.6 has broken below support in the daily line. And now likely to test support on daily candle and weekly line near 89.25 by in the next few sessions. The US CPI data release is unlikely to have any […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.89 dipped deeper after testing resistance at 90.5-90.6 last week. The 13-Day and 21-Day MA lines on the daily lines could provide some interim support near present marks. On a clear break of the MAs, the next Southside […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.186 not been able to rise above Thursday’s high at 90.59, 1st resistance near 90.50-90.75 as seen on daily line. While trading below this resistance .DXY could dip to 89.5. EUR (Euro) at 1.2274 tested support at 1.2225 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.34, made a high of 90.59 Thursday, after having breached resistance earlier this week, has moved further up possibly targeting 90.75-91.00, then 90.75-91.00 is seen as a strong resistance. If breached, it could lead to medium term Bullishness […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.16 is staying above resistance line at 90.10, and is looking likely to move to higher to 90.5-91.0. The test at 90.5-91.0 could happen next week. EUR (Euro) at 1.2279 marked a low at 1.2257 Wednesday and is […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.077 marked a high at 90.28 Tuesday breaching resistance at 90.10..DXY is trading near 90.10 now. It might move to resistance near 91 in here. EUR (Euro) at 1.2281 marked a low at 1.2254 day Tuesday testing 1st […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.99 sees 1st resistance 90.10-90.15. A breach of that would mean a test of higher resistance at 91 and a fall after. EUR (Euro) at 1.2307 marked a low of 1.2282 Monday and might fall to 1.225 this […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar’s (.DXY) Index at 89.96 downward could get confirmed if it dips from here. Some resistance could be provided by the 13-Wks MA on the weekly line, but a breach there means a test of higher resistance near 91 and then a […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Some very strong bets are being tested given the market has been focused on stronger EUR, GBP and JPY story-lines for some time. This current USD move will either prove to be a brilliant opportunity to rejoin the battle aka short USD trade or a super moment […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.27 has not broken major long term support at 89.20 yet. If this support is broken .DXY could turn Bearish medium term after having ranged within 88.5-91.0 for the past 10 weeks. The next target is support […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.10 has weakened, and broken below support near 89.4 dipping below Key long term support on weekly lines 89.2-89.4. If this break on the weekly lines hold, .DXY could turn Bearish medium term after having ranged in […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD looks weak in here. PE The US Dollar (.DXY) Index at 89.43 is trading near major support at 89.3-89.5. It has not been able to break below 89.40 in the last 4 weeks. But, now after US President Trump’s trade restrictions announcement last week, could see […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US President Donald Trump announced more than $50-Bworth of import curbs on China Thursday, raising fears of a possible trade war. The implication of this move has already been seen on JPY, which has strengthened to a 17 month high. Whether this move leads to further weakening of […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The US Fed raised the benchmark funds rate from 1.5% to 1.75% and struck a less Hawkish tone in the press conference that followed, by signaling only 2 more rate hikes in Y 2018, this moderation in Hawkishness has caused USD to weaken. PE The US Dollar […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD showing some strength. PE Note: The importance of the FOMC meeting policy outcome Wednesday where a rate hike of 25 bpts is expected. Whether a rate hike and a possible rise in US yields subsequently are positive for USD strength or not will have to be seen, […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary The US Dollar (.DXY) index, and Sterling, while the focus focus this week is on the FOMC, G-10 traders applauded the constructive Brexit news overnight and with most investors under-weighted GBP assets. There was a scramble for topside exposure with Sterling (GBP) breaking well above its resistance. […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.282 is close to 1st resistance now. A lot could depend on the FOMC meeting this week, where a rate hike is expected. My preference is for the negative correlation to continue and for USD to dip. EUR (Euro) at […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 90.105 bounced from 89.5-89.75. The support was actually broken Thursday, leading to a further move towards important support at 89.2. But, the support held and now, 1st resistance is seen at 90.25, which may bring us a dip. EUR (Euro) at […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD weakening Vs majors peers.PE The US Dollar (.DXY) Index at 89.665 broke of support at 89.75 and over the course of the next week, it may move South to 89.2-89.0. This is Key support, a clear break there could lead to medium term Bearishness. EUR (Euro) at 1.2378 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The CPI negates quicker rate hikes by the Fed this year, lead to USD weakening Vs majors peers.PE The US Dollar (.DXY) Index at 89.58 has broken 1st support at 89.75 and might now move further down to 89.2-89.0. This is Key support, a break there leads […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Some Key US data are coming, which may impact .DXY and the Euro. PE The US Dollar (.DXY) Index at 89.918 after strengthening last week due to the ECB chief’s Dovish stance is now dropping, 1st support at 89.75, which could be tested in here before a […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Euro weaned by Draghi’s Dovishness. PE EUR(Eur0) at 1.2320, notably Draghi’s Dovish comments at the 8 March press conference and the downward revision of forecasted inflation in Y 2019 caused the single currency to weaken below 1.24 and marking a low at 1.2273 Friday. Seeing some chance […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB Dovish policy stance weakens EUR: PE The Dollar (.DXY) Index at 90.218 moved North on the weakening EUR, and 1st resistance is seen at 90.5. If breached, next resistance is at 91 on 3 day and weekly lines. The Bank of Japan policy decision may impact USD. […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.596 there is Key long term support level on the weekly lines at 89.0-89.5. The ECB and Bank of Japan meeting this week may push .DXY to 88. If the ECB makes a slight step forward in the direction of […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.517 broke support on the daily lines, and saw a low at 89.43 Tuesday. It is currently trading near 89.5 and the next major long term support is at 89.0-89.5. There is the possibility for support at 88 to be […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.966 looks to be seeing getting some support near 90 by the 13 days and 21-Days MA lines on daily lines, and also by the 5 Wks MA line on the weekly line. These supports may not hold […]
Italian Voters Cast Doubts on the Survival of the European Union ItalExit is inevitable. Since the European Union’s (EU) founding treaty was signed in Rome more than 60 years ago, Italy has been a booster of increased unity and common purpose. That looks now to have come to an end. Sunday, Euroskeptics and populists rode […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: President Trump’s ‘trade wars are good’ comment has weakened USD. PE The US Dollar (.DXY) Index at 89.93) tested resistance near 91 by seeing a high at 90.93, and has faded. There is support for .DXY at current marks; provided by the 13 days and 21-Days MA lines […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD ready for a run North? PE The US Dollar (.DXY) Index marked a double bottom on 6 February 16 at 88.20, posting a 3-year low. Note: The double bottom reversal is a Bullish pattern indicating further gains on the price action as the .DXY moved […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.712 has breached resistance at 90.5, and may now attempt a test of 2 stronger resistances at 91, and at 91.5, which should produce a fall for .DXY soon. EUR (Euro) at 1.219 dipped below 1.22 and […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The new US Fed Chairman Jerome Powell Tuesday re affirmed the Fed’s plans of gradual rate hikes in Y 2018 due to strong confidence in rising US growth and inflation, thus he injected temporary strength for USD.PE The US Dollar (.DXY) Index at 90.412 is close to […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.73 has some support on the daily lines, the earlier resistance trend line on the daily line could provide some support at 89.0-89.5. If that support holds ranging between 88.5-90.0 for this week is void. EUR (Euro) at 1.2338 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.722 tested resistance on the daily candles at 90.1-90.2 last week and if the ranged action of the last 3 wks continues, it is likely to dip this week to 1st support 88.25 on the daily candles . EUR […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.836 has ranged between 88.5 – 90.5 for the last 3 weeks, if the same ranging continues, Southside target could be the support at 88.25-88.50. Note: The EU CPI data release Friday and the US Consumer Confidence and US […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 90.063 is testing resistance at 90.1-90.2 on heightened inflation expectations and rising yields, triggered by the FOMC mins release Wednesday. However, a rise beyond 90.3-90.4 will be difficult and see a dip there or about. EUR (Euro) at […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD bouncing off lows in here. PE The US Dollar (.DXY) Index at 89.78 is bouncing from support to important resistance just above 90 on the daily and weekly candles. As US bond yields touch fresh highs, we could see .DXY tap at 90.00-90.25 Friday. EUR (Euro) at 1.2338 […]
EUR/USD (EURUSD=X) Bullish Trend Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.25. The projected lower bound is: 1.22. The projected closing price is: 1.23. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD bouncing off lows in here. PE The US Dollar (.DXY) Index at 89.33 seeing a move to 90. It should test Key resistance just above 90 on the weekly and daily candles. EUR (Euro) at 1.2385 is coming off highs to support at 1.235, which it may test […]
USD & Gold: The Bulls Vs The Bears $USD, $EUR, $GLD The notion of repeated cycles is timeless, it is how the ancient people perceived time: not as linear sequence of events, but as replaying patterns of Dark and Golden Ages. Those of us that Chart the Market view it as struggle between The Bulls and The […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to weaken. PE The US Dollar (.DXY) Index at 88.405) is testing support at 88.5 on daily lines. There is a chance of a bounce from here to 89-90. Note: The recent .DXY Southside move broken Key long term support on weekly line at 89, which indicates prolonged Bearishness […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to weaken. PE EUR (Euro) at 1.2458 rose overnight to test the resistance on the weekly line. The previous high of 1.2537 is the next resistance. If a clear break there, then see 1.2600 and 1.2670. There is chance of a dip from 1.2537. Will wait to […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is weakening. PE The US Dollar (.DXY) Index ar 89.51 down from 90.5 since Monday. The US CPI data release Wednesday is being looked at very closely for cues on inflation trends. Note: Higher than expected inflation numbers for January 2018 could lead to some near term selloff […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD consolidating. PE The US Dollar (.DXY) Index at 90.176 is consolidating around 90.20 and could move to resistance at 90.5-90.75 on the daily. EUR (Euro) at 1.2281) seeing strengthening since Friday when it marked a low at 1.2206. It might again attempt a test of support at 1.220-1.225 […]