Category: Featured

Key risk events today: New Zealand Official Cash Rate and RBNZ Rate Statement; UK Inflation Report Hearings; US Core Durable Goods Orders m/m; US Durable Goods Orders m/m. EUR/USD: The shared currency concluded Tuesday’s session snapping a 4-day winning streak (supported by momentum flows after last week’s dovish FOMC), after shaking hands with a H4 … Continue reading Wednesday 26th June: Dollar snaps four-day losing streak and forms daily bullish engulfing candle.

Key risk events today: RBA Assist Gov Bullock Speaks; OPEC Meetings; FOMC Member Williams Speaks; US CB Consumer Confidence; US Richmond Manufacturing Index; Fed Chair Powell Speaks. EUR/USD: The greenback began the week on soft footing, testing and marginally surpassing the 96.00 handle (dollar index). This elevated the euro to a fresh three-month high at … Continue reading Tuesday 25th June: Dollar continues edging lower on rate-cut expectation.

EUR/USD bulls went on the offensive last week, adding more than 160 points out of a long-standing demand area at 1.1119-1.1295.

Key risk events: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; US Flash Manufacturing PMI; FOMC Member Brainard Speaks; UK Public Sector Net Borrowing; MPC Member Tenreyro Speaks; Canadian Core Retail Sales m/m; Canadian Retail Sales m/m. EUR/USD: Firmly … Continue reading Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.

EUR/USD: The single currency rose higher against its US counterpart Wednesday in the aftermath of the FOMC. The central bank left rates unchanged between 2.25-2.50%, as expected, though tweaked the language in its statement to reflect a more dovish stance. Erasing Draghi-induced losses, the candles gravitated to a high of 1.1254. H4 price, after engulfing … Continue reading Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.