Forex News
If the price is going higher get above the 100 hour MA/50% (and 200 hour MA)
The issue for the sellers is the market really ripped higher off the lows after the retail sales. So...
Above the 100 hour MA or below the floor
The AUDUSD took a day off watching the political squabbles in the UK and the US.
The range for the day is only 25 pips. The 22 day...
USD/JPY was flat at the start of the week, but has posted considerable gains on Tuesday. In the North American session, the pair is trading at 110.58, up 0.47% on the day. There...
50% retracement at 110.701. Topside trend line at 110.736.
Helping is rising stocks.
The Nasdaq is trading up 100 points or 1.30%.
The S&Pis up 28 points or 0.99%
Down -$1.71 or -2.71%
A larger build and crude oil inventories was a catalyst for the sharp fall. However, the price did not get below the natural support at the $61 level. Below...
Back lower on the day
The EURUSD rose in sympathy with the GBPUSD and like that pair, the price made some bullish overtures, but when the dust settled, the pair stalled ahead of...
The 100 hour MA and 50% of the move down from the May 17 high comes in at 1.3433
After stalling ahead of the 38.2% at 1.3414, the pair consolidated and continued its run higher....
USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers....
Euro US Dollar (EUR/USD) Exchange Rate Steadies as US-China Trade Tensions Continue
EUR/USD Exchange Rate Rangebound as US Economy under Threat from Chinese ‘Retaliation’ The Euro...
Sterling slumped on Wednesday after reports that U.K. Prime Minister Theresa May could resign as soon as today amid Brexit chaos caused a sell-off of the...
Crude oil is down -2.12% on the day
The price of the USDCAD fell on the back of strong retail sales. The price moved from 1.3395 to a low of 1.33535.
Low reaches 1.2623
From Laura Kuenssberg:
The GBPUSD has made new lows to 1.26233 so far.
Looking at the weekly chart above, the pair moved below the August 2018 week swing low at...
Ceiling holds at the highs and pair cracks below the 100 and 200 hour MAs
THe pair has moved below its 61.8% retracement of 1.00767. The 50% midpoint of the recent range comes in...
Euro to Pound Sterling Exchange Rate Strikes 3-Month-Best as Political Fears Throttle Sterling
Euro to Pound Exchange Rate Continues to Climb despite EU Election Jitters Despite a...
(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
Central banks across Asia are moving to...
EUR/USD has ticked higher on Wednesday. Currently, the pair is trading at 1.1171, up 0.08% on the day. On the release front, there are no major German or euozone events. It’s...
(Bloomberg) -- The threat of trade war has put King Dollar back on its throne and usurped an ever-popular bet on emerging-market currencies in one fell swoop.
As the Bloomberg...
EUR/USD has ticked higher on Wednesday. Currently, the pair is trading at 1.1171, up 0.08% on the day. On the release front, there are no major German or eurozone events....
Pound to South African Rand Exchange Rate Slides ahead of South African Reserve Bank While still holding above the three month lows seen last week, the Pound Sterling to South...
GBP/EUR Exchange Rate Falls on Uptick in Eurozone’s Consumer Confidence The Pound Euro (GBP/EUR) exchange rate is down today and is currently trading around €1.136 on the interbank...
Pound US Dollar (GBP/USD) Exchange Rate Slides as Energy Prices Boost UK Inflation The Pound Sterling US Dollar (GBP/USD) exchange rate slipped and the pairing is currently trading...
Forex news for Asia trading Tuesday 21 May 2019
There was little net movement for currencies during the Asian timezone despite some hefty data releases and various US-China trade...
(Bloomberg) -- Dollar loans to Chinese borrowers have cratered this year, thanks to both a decline in demand and increased wariness among lenders amid escalating U.S.-China...
The U.S. dollar was steady near three-and-a-half week highs on Wednesday in Asia, while the British pound edged up after U.K. Prime Minister Theresa May presented a...
By Daniel Leussink TOKYO (Reuters) - The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on...
European elections are being held Thursday, result expected by Sunday.
ING comment on what to expect:
- EUR/USD upside will be limited
ING nominate the 1.1180/1200 area (ps. this...
(Bloomberg) -- Short Australia’s risk-sensitive currency against the haven yen. That is emerging as one popular currency trade as investors look to profit from the U.S.-China...
The Canadian dollar rose 0.16 percent after a long weekend. The loonie benefited from rising risk appetite and given that the US reached an agreement with Canada and Mexico to...
Analyst says that …
1.10 is not far away
but …
psychologically it would represent a fairly significant move
Shorts have been building since the start of the year...
A segment from an overnight note by Société Générale, this on euro
In summary.
6-12 month horizon:
Given positions and valuation, it's easier to see EUR/USD at...