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 […]
UK FTSE All Share (.FTAS) Expected to Open a Little Unchanged The FTSE 100 index UKX, +0.10% rose 0.1% to close at 7,683.97, marking a third straight session in positive territory. Sterling GBPUSD, +0.0307% slumped to an intraday low of $1.2958, hitting its lowest dollar level since early September last year. A weaker pound can […]
British Pound: USD/GBP (GBP=X) Struggling with Weak Data Data so far this week, particularly consumer price index (CPI) yesterday, has not done much to reinforce the idea that the Bank of England (BoE) will raise rates in August, impacting GBP/USD. The price is testing the area around $1.3020, the lows of yesterday’s session. Below this, […]
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 $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 […]
British Pound: USD/GBP (GBP=X) Expect the Pound to be Volatile The UK’s Brexit proposal would see the country effectively retaining full access to the EU single market for goods but losing access for services. It is closer to a “soft Brexit” than many had anticipated, angering some in the pro-Brexit camp. The proposal reflects the […]
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 […]
UK FTSE All Share (.FTAS) IMF cuts UK growth forecasts The FTSE 100 closed 61.42 points down to 7,600.45, after opening flat, dragged lower by energy and mining companies after a slide in the price of oil and metals. BP and Royal Dutch Shell both fell by about 2 per cent after the price of Brent Crude […]
British Pound: USD/GBP (GBP=X) mixed outlook The broader outlook for GBP/USD remains tilted to the downside especially as the Relative Strength Index (RSI) continues to track the bearish formation from earlier this year, but the exchange rate stands at risk of facing range-bound conditions as it snaps the series of lower highs & lows from […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here. EUR (Euro) at 1.1682 broke below the 21-Day MA at 1.16 Friday, but is trading above it now. Another week of range trade within 1.175-1.16 could follow. USD/JPY […]
UK FTSE All Share (.FTAS) recovers, driven by defensives, as trade nerves ebb British shares bounced back on Thursday, driven by financial and consumer stocks, as investor worries eased and another bid for pay-TV firm Sky boosted its stock. The FTSE 100 ended the session up 0.8 per cent at 7,651.33 points, almost recovering all […]
British Pound: USD/GBP (GBP=X) highly volatile time for the currency There is a considerable bundle of data and events in the week ahead for Sterling, which suggests it could be a highly volatile time for the currency. On the political front there will be votes on amendments to the Trade and Customs Bill, which help […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.83 could turn Bullish to 95 if trade war rhetoric continues to rise. Being cautious .DXY in here and would wait for a break below 1.165 and then below 1.16 on the EUR before inferring a Bullish DXY for the next few weeks. Currently, […]
British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War If the US trade deficit is found to have widened on the month, this could see USD exchange rates extending their downtrend tonight. Once it becomes clear how China will retaliate to the latest proposed US tariffs worries over the outlook […]
UK FTSE All Share (.FTAS) gains as firms respond to Brexit white paper and Trump arrives in UK The FTSE 100 closed up 59.37 points at 7651.33 and the pound was at $1.32 against the dollar. The Government has finally published its Brexit white paper, prompting one company boss to say the blueprint could ‘accelerate’ […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.76 seeing some resistance 94.85, which could produce a dip. If it crosses 94.85, then it could again test 95 yet this week Note: The US CPI data release today would be important stronger than expected CPI inflation would strengthen .DXY. EUR (Euro) at […]
British Pound: USD/GBP (GBP=X) In Focus Ahead of Keynote Speech by Carney In today’s session, BoE Governor Mark Carney will be speaking which could spark some GBP movement. Meanwhile, investors will be looking to tomorrow’s US Consumer Price Index (CPI) release to see how inflation is faring across the pond. The final German inflation numbers […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44. EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves […]
UK FTSE All Share (.FTAS) manages modest rise after strong UK economic data Following a whirlwind start to the week with resignations from pro-Brexit politicians David Davis and Boris Johnson, the FTSE 100 nudged 0.2% higher to 7,701 amid robust economic data. The UK economy grew 0.3% in the quarter to May according to the […]
British Pound: USD/GBP (GBP=X) Stagnates Over Brexit Woes The pound has been hit by uncertainty in the domestic political circles in the UK as resignations from trusted ministers seek to undermine the power of the UK PM May. The British pound was frail on Tuesday after the departure of two key euro skeptic ministers raised […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the […]
UK FTSE All Share (.FTAS) ends higher, helped by pound’s drop on key U.K. official’s exit Blue-chip stocks in the U.K. finished with sizable gains Monday, helped by the pound’s drop on news of Foreign Secretary Boris Johnson’s resignation, which raises the chance of a formal challenge to Prime Minister Theresa May. At the same […]
British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease The GBP/USD pair fluctuated wildly on Monday as investors continued to react to political developments in the U.K. After advancing to its highest level since June 14 at 1.3360, the pair came under a heavy selling pressure after British PM Theresa May’s office confirmed the […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.92 weakened Friday due on the beginning of the US-China trade dust-up, .DXY has some support 93.8 on daily lines, seeing 93.2 come soon. EUR (Euro) at 1.1761 strengthened past resistance near 1.172 and could now move up to 1.185. The early part of this week […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.43 will see support at 94.3, then .DXY could weaken towards 93.3-93.0. If the trade negotiation chatter heaths up then .DXY could strengthen towards 95.5 as a safe haven. Right now seeing .DXY falling to 93. EUR (Euro) at 1.1687 looks to want to […]
UK FTSE All Share (.FTAS) firm as Carney stokes rate hopes U.K. stocks closed higher Thursday, with sentiment across European equities lifted by prospects that a dispute over U.S. and auto tariffs in the European Union may be resolved. However investors remain fixated on the U.S. and China, which are on a collision course to […]
USD/GBP (GBP=X) pushes higher again Steady buying has propped up GBP/USD as well over the past week, as short-term dips from the 28 June low have found buyers. The near-term areas of resistance to watch are $1.3312 and then $1.35. While a break back below $1.3160 would negate this more bullish view. Overall, the bias in prices […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.524 strength could react to the release of FOMC minutes later Thursday. Given that the policy statement was Hawkish, any deviation from that stance in the minutes could weaken .DXY to 94.3. The 3 day line chart reflects room for an up-move to […]
USD/GBP (GBP=X) UK data keeps underpinning Pound The pound rose on Wednesday after a survey showing Britain’s dominant services industry gained momentum last month fuelled expectations of a Bank of England interest rate rise this summer. After a sluggish start to 2018, the British economy is showing tentative signs of a recovery with surveys this […]
UK FTSE All Share (.FTAS) ends lower as trade tensions keep bubbling away U.K. shares were marginally lower on Wednesday as trade war worries persisted and the pound turned higher in reaction to better-than-expected services sector data. U.K. service sector activity expanded at the fastest pace in eight months in June driven by strong growth […]
UK FTSE All Share (.FTAS) inches higher, Glencore takes a tumble The UK’s top share index climbed on Tuesday following a shaky start to the month, although mining giant Glencore fell after one of its subsidiaries received a U.S. subpoena. The blue-chip FTSE 100 index was up 0.3 percent at 7,571.59 points by 0855 GMT, […]
USD/GBP (GBP=X) Pares Monday’s Losses • UK construction PMI betters expectations and provides a minor boost on Tuesday. • A weaker tone around the USD provides an additional boost but fails to lift it further. • Brexit uncertainties seemed to be the only factor keeping a lid on any further up-move. The GBP/USD pair struggled […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY weakened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.90: Support for .DXY at 94.5-94.2 held well Monday as it is rising back to 95, and may see 95.2 Tuesday. EUR (Euro) at 1.1632 the single currency has been ranged within 1.1508-1.1721 the 2 of weeks. The bias has been to the Southside […]
USD/GBP (GBP=X) no light at the end of the Brexit tunnel The pair fell below the 50% retracement of its latest bullish run, and the 4 hours chart shows that is now finding sellers around a bearish 20 SMA, a few pips above the Fibonacci level, making of the 1.3140 area the immediate resistance. Technical indicators in […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY wedkened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.71, seen testing support at 94.5 on daily lines and candles. 94.2 is also an important support mark which could slow the current fall in .DXY. A break below 94.2 would be Bearish near term. EUR (Euro) at 1.1656): A migration deal […]
UK FTSE All Share (.FTAS) in the midst of a bull run Since the FTSE 100 is in the midst of a bull run, sentiment towards defensive stocks is weak. That’s unsurprising, since investors are taking risks and seeking to buy stocks that can offer the prospect of high earnings growth. As a result, there could be […]
USD/GBP (GBP=X) no progress in Brexit negotiations The Pound rallied past 1.3200 against its American rival last Friday but wasn’t enough to trim weekly losses. The GBP/USD pair recovered from a fresh 2018 low of 1.3049 as UK Q1 GDP was revised higher on the back of less weak construction activity, from 0.1% to 0.2%. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index 95.29 could see a dip to 95.00-94.75 Friday, and next week, it could rise from support at 94.75 back to 95.5 and … EUR (Euro) at 1.1570 has seen a high at 1.1601-1.1617 over Thursday and Friday. There is resistance at 1.162 and […]
UK FTSE All Share (.FTAS) ends down slightly as trade tensions remain in focus U.K. stocks finished slightly lower on Thursday, erasing a bit of the prior session’s rally, as uncertainty over U.S. President Donald Trump’s trade policies on China lingered. What are markets doing? The FTSE 100 index UKX, -0.08% dipped 0.1% to close […]
USD/GBP (GBP=X) retracing to 1.3100 resistance after bouncing from new 2018 low Cable drops to new 8mth low of 1.3050 Little progress on Brexit expected at EU summit Ireland to start preparing for unlikely scenario of no deal Receding BoE expectations also weighing on pound The pound fell to its lowest since early November on […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.24 saw a high at 95.4 Wednesday and could test resistance at 95.6 on the 3 -Day line this week. Next week could see a breach of this resistance then see 96, as EUR moves below 1.15. EUR (Euro) at 1.1567 […]
UK FTSE All Share (.FTAS) climbs as trade war fears subside The FTSE 100 closed up 83.77 points at 7621.69 on hopes US president Donald Trump is rowing back from launching a full-blown trade war. German and French markets were also buoyant, and the US Dow Jones was ahead 157.1 points at 24,440.2 in early […]
USD/GBP (GBP=X) heads for biggest drop in two weeks as dollar rebounds Sterling fell on Wednesday as the dollar rebounded, on track for its biggest daily drop in nearly two weeks, as imminent Brexit talks and doubts the Bank of England will raise interest rates at all this year darkened the outlook for the pound. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 94.62, support for .DXY 94.1-94.2 held Tuesday and it is now bouncing to 95.0-95.5. EUR (Euro) 1.1655 came down from resistance at 1.1720-50 Tuesday. It may break below support at 1.1650-30 yet this week, which would make it Very Bearish. But, if the […]
USD/GBP (GBP=X) falls after incoming BoE rate-setter’s comments The pound fell versus the dollar on Tuesday after an incoming Bank of England policymaker expressed caution over Britain’s readiness for higher interest rates and uncertainty over the impact of Brexit on the economy. Sterling fell as much as half a percent as economics professor John Haskel, […]
UK FTSE All Share (.FTAS) on the mend after trade war sell-off Commodities helped UK shares make progress in recouping losses from the previous session when fears of a full-blown trade war between the United States and the rest of the world led them to their worst performance since February. Following a slow start, the […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger. PE The US Dollar (.DXY) Index at 94.195 has moved lower to support 94.1-94.0. Prefer this support to hold, if it does not, the next target is 93. EUR (Euro) at 1.1717 moved past the 21-Day MA at 1.167 Monday and will likely test trendline resistance at 1.1725, if […]
USD/GBP (GBP=X) PM May says UK to set out new Brexit details after June EU meeting Prime Minister Theresa May told the EU’s Donald Tusk on Monday that Britain would set more details on its vision for a future relationship with the bloc after a June 28-29 summit. May has struggled to find a proposal […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger? PE The US Dollar (.DXY) Index at 94.52 has support near 94.25-94.00, and may move to this mark this week, as EUR may rises to 1.17. EUR (Euro) at 1.1656 moved up Friday, testing at 1.1675, next resistance 1.167, and on a clear break see 1.170-1.175 and then […]
UK FTSE All Share (.FTAS) How the last two years have impacted the economy Pound sterling dropped dramatically when the results came in on 23 June 2016, and it has failed to regain lost ground since then. Two years have passed since the UK voted to leave the EU, and the uncertainty the referendum result […]
USD/GBP (GBP=X) Looking for the Bottom to Solidify Technicals point to potential for an end to GBP/USD losses – Sterling will be subject to EU summit outcome on Brexit – Key for GBP/USD will be whether broader Dollar bull run extends next week The past week saw a sharp turn in fortunes for the Pound […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR weakened. PE The US Dollar (.DXY) Index at 94.86, 1st support 94.5, likely will test next week. But, while it trades above 94.5 it may see 95.5 again in here EUR (Euro) at 1.1603 dipped to 10 months lows Thursday at 1.1508, and bounced to 1.16. If it breaks 1.162, […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.15 is moving to resistance at 95.5-95.6 on the 3-Day line, next week? EUR (Euro) 1.1574 tested to 1.155-1.153 Wednesday and has dipped to 1.156. While the single currency trades above 1.153, it might rise to 1.16 today. A clear break below […]
UK FTSE All Share (.FTAS) ends higher, rising from 6-week low as Ocado, tobacco firms rally U.K. stocks rose on Tuesday, with tobacco companies among biggest gainers after a positive broker note, helping London’s blue-chip index bounce off a six-week low that it reached as trade tensions between the U.S. and China escalated. The FTSE […]
USD/GBP (GBP=X) How low? Based on the hope that Brexit would bring some clarity on the political front, we have forecasting a better tone for the pound post-March 2019. Recent events, however, suggest an increased chance of the UK remaining in a quasi-customs union arrangement with the EU until the UK can put in place […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened . PE The US Dollar (.DXY) Index at 95.02 strengthened against most peers Tuesday marking a high 95.30. It could now move to 95.5-95.6 on the 3-Day lines, a break there targets 96 in here EUR (Euro) at 1.1584 fell Tuesday dipping below major support at 1.156 to see a low […]
USD/GBP (GBP=X) consolidates daily losses below 1.32 GBP/USD looks to end the day below 1.32 for the first time this year. US Dollar Index fails to break above 95. Risk appetite remains weak on Tuesday. The GBP/USD pair slumped to its worst level since November of 2017 at 1.3150 in the early NA session and went into […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.596 see a dip to 94.5-94.4, followed by a rise to 94.6-94.7. This week see a move to 94.3-94.2, while it stays below resistance at 95.5. EUR (Euro) at 1.1634 moving to 1.165 and could test at 1.167 Tuesday before dipping to 1.162. Note: Last week […]
USD/GBP (GBP=X) Maintaining Negative Outlook Yet another quarter has passed and there is still no clarity on Brexit terms between Britain and the EU. In the meantime, the latest about face by the BoE at its May meeting dealt a heavy blow to GBP bulls. As mentioned above, while we maintain the view of a […]
UK FTSE All Share (.FTAS) flounders, pound falls on trade and Brexit fears Britain’s top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell 0.03 percent to its lowest since May 30 but substantially […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.89 see a down-move in .DXY to 94.3-94.2, while it stays below resistance at 95. EUR (Euro) at 1.1585, support at 1.155 is holding in here. The single currency could test at 1.165 this week, while it trades above 1.155. USD/JPY at 110.44 tested at 110.9 […]
UK FTSE All Share (.FTAS) Target 4,135 Monday Economics:Rightmove house price index (UK) Tuesday The ‘Beast from the East’ blew regional airline Flybe’s final quarter off course with nearly 1,000 flights cancelled due to the cold snap. The company said in April’s profit warning that £4m in sales had been lost from the severe weather, […]
USD/GBP (GBP=X) Dollar in Control, Carney and Powell in Focus – Elliot wave count hints at potential rebound – Keep an eye on Bank of England this week – Watch Fed’s Powell in Sintra, Portugal Pound Sterling slumped back towards May lows last week after the U.S. Dollar renewed its assault against international rivals and […]
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 […]
UK FTSE All Share (.FTAS) closes at highest level in a month as pound sinks after ECB announcement Retail sales surge in May; Rolls-Royce to cut thousands of jobs U.K. stocks on Thursday finished at the highest level in about four weeks as the pound weakened following the European Central Bank’s decision to begin gradually […]
USD/GBP (GBP=X) stays under pressure below 1.33 as greenback preserves its strength GBP/USD erases more than 150 pips from its daily highs. US Dollar Index approaches the critical 95 mark. UK government official expects a desired Brexit outcome. The USD’s strength remains as the main theme of the FX space on Thursday. The GBP/USD pair, which touched […]
UK FTSE All Share (.FTAS) slips as oil shares fall, Fed steps into the spotlight U.K. stocks finished a choppy session with a tiny loss Wednesday, with investors entering wait-and-see mode ahead of the U.S. Federal Reserve’s decision on interest rates, while latest figures on British inflation came in as expected. How markets performed The […]
USD/GBP (GBP=X) heading for a test of the 200-hr SMA ahead of the FOMC GBP/USD entered NY heavy, falling from 1.3366 to 1.3308 the low after the market felt that the CPI data, slightly lower than forecasts but unchanged from April’s reading, was not enough for the BoE to think about raising rates in August. UK CPI […]
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/GBP (GBP=X) Continues to Trade in a Choppy Manner Traders also focus on Average Earnings Index +Bonus (Apr), Claimant Count Change (May) & Unemployment rate data in UK’s market hours and Core CPI data in US market hours. UK’s macro data is expected to be dovish during today’s session and this could add further bearish […]
UK FTSE All Share (.FTAS) Entry at 4,180 The FTSE 100 remained in the red as weaker housebuilders and miners dragged on performance, while MPs began a long debate over the EU Withdrawal Bill. Despite an optimistic summit between the US and North Korea on Monday, investors remained cautious on whether this progress will continue. […]
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, […]
UK FTSE All Share (.FTAS) Target 4,340.00 The FTSE 100 index ended up 0.7 percent at 7,737.43, its highest close in a week and helped by gains in big international companies such as British American Tobacco and Diageo, up 1.2 and 2.4 percent respectively. Defensive stocks are dominating the FTSE leaders, suggesting a still cautious […]
USD/GBP (GBP=X) Target 1.3180 Pound Sterling (GBP) was forced to end last week’s session on a bit of a down as the currency was undermined by comments from EU Brexit Negotiator, Michel Barnier. In another blow to the UK’s Brexit position, Barnier told journalists that he rejects Theresa May’s proposal for the UK to stay […]
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/GBP (GBP=X) Forecast to 1.3040 GBP/USD correction to the level of 1.3615 is expected to continue by 65% of analysts. The next resistance is at the height of 1.3700, however, only 45% of experts vote for such growth. Graphical analysis on D1 also believes that the correction will be completed in the zone 1.3615, after […]
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/GBP (GBP=X) Forecast to 1.3200 From a technical perspective, the pair remains close to its immediate strong hurdle near mid-1.3400s, which if cleared decisively would suggest a bullish breakout and accelerate the recovery move. Above the mentioned barrier, the pair is likely to surpass the key 1.3500 psychological mark and head towards an important congestion […]
USD/GBP (GBP=X) Buy at 1.3200 The GBP/USD is trading up 0.2% at around 1.3440, the highest level since May 23 against the US Dollar ahead of the Bank of England Deputy Governor Sir David Ramsden speaking later on Thursday on Barclays inflation conference. GBP/USD was well supported earlier this week after the UK services PMI […]
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 […]
USD/GBP (GBP=X) Target 1.3650 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 1.36. The projected upper bound is: 1.36. The projected lower bound is: 1.32. The projected closing price is: 1.34. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]
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 […]
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 […]
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 […]
Soros Seeks to Overturn Democracy in UK Brexiteers have reacted with fury at the upcoming launch of a new campaign by pro-Remain group ‘Best for Britain’ which is demanding a second referendum on the UK’s membership of the European Union. “We made our mind up already,” said UKIP MEP Nigel Farage on his LBC radio […]
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. […]
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 […]
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. […]