MARKET INSIGHT APRIL 16: TRADING THE EURUSD

Market insight

MARKET INSIGHT: Parallel channel on the daily chart shows the euro on resistance trendline, with horizontal ceiling at around 1.20008, hinting of a potential downtrend. The downside could be technically confirmed by Stochastics showing overbought levels.High-impact news for today coming out from the Eurozone will be mainly Core CPI, to be released by 5:00 pm […]

The week ahead

We have a full week of  announcement in the week ahead. How is the pandemic affecting the markets? Which economy is on the rise? German Retail Sales will be first cab of the ranks today followed by US ISM manufacturing PMI, RBA Interest Rate Decision and Europe GDP tomorrow. Lets take a look at what […]

Asia Market Outlook – Pfizer 95% effective

Overnight Action Bullets Asia: Bank Indonesia and Philippines seen on hold; Australia employment Yields cheapen after weak auction, but drop in stocks limits losses Treasury’s record $27 bln 20-year sale tails to 1.422%, very poor sale Fed’s Williams worries about the expiration of fiscal aid U.S. housing starts improved 4.9% to 1.530 mln in Oct […]

Asia Open – Moderna sneaks ahead of Pfizer

Overnight Bullets Asia: Hong Kong unemployment seen rising to 6.7%; Singapore exports due  Fed VC Clarida: FOMC will continue assessing effectiveness of bond buying Wall Street rallied on Moderna vaccine news; tech is lagging Treasuries were relatively quiet as variety of factors monitored U.S. Empire State index fell -4.2 points to 6.3 in Nov from […]

Forex Update: North America Open

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan’s Nikkei 225, which has been an investor favourite in the ‘great rotation’ into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. […]

13 November North America Close

The Dollar was modestly lower in N.Y. trade on Friday, resulting in the DXY falling from lows of 92.91 to 92.75 in early afternoon. Major Dollar pairings were largely held to narrow trading bands, but risk-on conditions weighed fairly broadly on the safe-haven Greenback. Wall Street rallied, with markets holding out hope for a Covid […]

Mixed announcements bring dollar down

Higher Jobless Claims in the US overshadowed any increased hope of the Democrat in the US House of Reps $2.2 trillion coronavirus relief being voted in. The US Federal Reserve also came out with mixed messages on inflation and employment which had the markets spinning.   After a tough run this week the AUD/US has […]

EUR/USD struggles amid mixed German PMIs

Euro is struggling to break support set at 1.1700 after German PMI reports came in mixed. With the dollar continuing it’s run up we can see the sellers taking out 1.1700 and beyond. With Powell due to speak and PMI prints are due keep an eye out for further entrancement to 1.1500. #German #PMIs #PMI #EURUSD […]

China helping in an anti dollar rally

AUD/USD Extends is run above 0.7300 on the back of the September meeting minutes and positive Chinese activity numbers. Whilst EUR/USD remains stronger due to ongoing dollar weakness. As it nears 1.19 the Euro was another currency to benefit from the data dump from China. China saw retail sales and industrial production for August come […]

European Head Sparks Brexit Positivity

The new European Head Pascal Donohoe has excited traders although the ongoing tension between the EU and the UK worsens. Stating that all that needs to happen is for “Britain to respect existing agreements like withdrawal agreement”. But how has this affected the pound? Although we saw a bounce from its seven week lows, the […]