USDCAD Breaking Lower Aaead Of BOC
North Korea tensions have again dominated the agenda at the start of this week and will continue to remain a major obstacle facing risk-sensitive assets in the near-term.
European Central Bank
Start Of Dollar Recovery?
Following big falls in some risk-sensitive assets on the back of North Korea tensions, a number of global stock indices and dollar currency pairs ended the session with impressive reversal-looking technical patterns as the dip buyers evidently stepped in to take advantage of the lower prices (see the technical outlook section below).
EURUSD Pauses For Breath Ahead Of ECB
The economic calendar is taking a breather today but will return with bang tomorrow. Market participants are looking forward to two major central meetings as the Bank of Japan and especially the European Central Bank take centre stage.
EURUSD Forecast June 8, 2017, Technical Analysis
The EURUSD pair had a very volatile session on Wednesday, as we are trying to front run the European Union quantitative easing situation.
EURUSD Forecast May 23, 2017, Technical Analysis
The EURUSD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level.
Dollar Weakness: Enough Is Enough?
The dollar has been trending lower ever since the turn of the year. This has been because of the unwinding of the bullish positions that had been accumulated before and after the US election in part as investors began to question how much of the promised fiscal spending President Trump will actually deliver and how this may impact growth and inflation, and in turn interest rates.
King Dollar Set For A Rebound?
The dollar staged a broad-based rally on Thursday to make back some of the losses it had suffered earlier in the week which had been on the back of a poor ISM services PMI reading and last week’s disappointing jobs report.
EURUSD Forecast September 9, 2016, Technical Analysis
The EURUSD pair initially took off to the upside during the day on Thursday, but turned right back around below the 1.1350 level to form a shooting star.
DAX – Golden Cross For German Stocks
Bad news is good news for the markets that rely on central banks’ support. And so it proved again this morning’s as the latest European data disappointed expectations, yet the major stock indices rallied as if everything was just fine.
EURUSD Forecast June 2, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the session on Wednesday, but then turn right back around as the Euro gained in general.