Daily Forex News

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Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Seems Bulls And Keep Gain At Level 1.1920

The EUR/USD is currently traded at the level near 1.1928 to the highest level. The pair will need to establish the horizontal resistance at the level by 1.1920.

The Bullish will see on the viewpoint to the descending triangle breakdown that confirmed the earlier month also open the doors to re-test of the 1.2011. An inability to hold above 1.1920 could yield a pullback to the climbing 10-day Simple Moving Average, at present at 1.1870. The pair timed a high of 1.1928 on Wednesday yet shut under 1.1920.

GBP/USD Pair Goes Weekly Highs Under Level by 1.3400

On Wednesday, GBP/USD fell as low as 1.3310 during the European morning meeting, yet through the European evening and US morning ground back towards highs set on Monday of just below at the level 1.3400. As exchange settles down for what is probably going to be a tranquil Thursday Asia meeting in front of slender US Thanksgiving occasion trade for the remainder of the week, the pair has moved back to around 1.3380.

On the off chance that Cable can break it above 1.3400, there isn't much by the method of critical zones of opposition in front of year-to-date highs at 1.3485, level bulls are probably going to weapon for in the event of a definitive potential gain break (maybe prodded by the information on a Brexit bargain being reached).

In the bearish situation, the main territory of help is probably going to come around 1.3350 as an upturn connecting last Thursday's, Monday's, and Tuesday's lows. Past that, Wednesday's low at 1.3304, Tuesday's low at the level 1.3293, and Monday's low at 1.3262 are the following help zones to keep an eye out for.

 

[xtreamforex12]

Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Seems High In the Key Resistance

EUR/USD is currently traded at the level 1.1914 that created the indecisive Doji Candle on this Thursday. The Doji Candle shows the upper wicks with the small body in the market place which creates the Doji to the immediate bullish to set up the Friday Close pivot.

The Candle is Seems high at the 1.1914 that would see the indecision that ended to the bull victory near the level by 1.18.

The Pair will see the level under the 1.1885 that confirms the Bearish Doji Reversal Pattern that exposes some of the deeper support levels.

GBP/USD Pair Test the 1.3400 to Remains on the Cards

The GBP/USD pairs will hold the ground higher at the European open that seems at the level 1.3400 on the technical board that is based on the US Dollar weakness.

If we see the technical part the technical perspective that consolidating the upside the breakout to the bulls shows the 15 Minutes Chart that is measured on the target of the aligned at the level 1.3396.

The RSI Index is turned on the south trades that seems above at the level by 50.00 that suggesting the bias upside.

The Immediate support is at the level of 1.3367 that sees the limit of the retracement to the bullish formation. The next support is then seen at the horizontal 200-SMA at 1.3363. The psychological level of 1.3350 could challenge the bears’ commitment.

 

[KLEEM]

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[xtreamforex12]

Technical Analysis on EUR USD & USD CAD

EUR/USD Pair Looks to South After Failed the Breakouts on 4H

The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

The pair had broken the higher falling to the channel that represented the trendlines to the lower last week to signal the resumptions of the rally at the low of the 1.18 and the opening doors to the 1.22.

The Breakouts seems the short lives to the fell back to the below to the level by 1.21 on this Friday that failed the breakout to the widely bearish signal. The Uptrend exhaustion is signaled to the long upper wicks that attached to the several candles that suggest the potential for the drop to the former hurdle-turned the support to the level by 1.2014.

USD/CAD Pair Teases to Bear Below at the level By 100 HMA

The USD/CAD is dropped down at the level by 1.2758 to the 0.08% intraday during this Monday in the Asian Session. The Pair was bounced off the level by 1.2745 that pull back to the level by 1.2763.

For a situation where the USD/CAD traders keep the reins past-1.2700, the mid-2018 lows close to the level by 1.2630 will be at the center of attention.

In the interim, 100-HMA and highs set apart since last Monday, separately close to the level by 1.2785 and 1.2835, can monitor the pair's momentary potential gain.

In the event that all the USD/CAD buyers return after 1.2835, the 1.2900 limit and the month to month top close to the level 1.3010 will be on their radars.

 

[xtreamforex12]

The Conflict between Hedge Funds and Retails Investors wretched Dollar

• The Dollar sovereignty is at stake.
• Wall Street battle on Hedge Funds and Retails Investor continues.
• Republicans on negotiations with democrats over the Stimulus package.

The Dollar was edged down on Monday morning in Asia with investors are taking caution because of the ongoing war between hedge funds and retails investors.

The burning issue of the U.S. Stimulus package is still on. The continuous discussion between Democrats and Republican about the price tag is being considered by both parties, where Republican lawmakers are persuading for $600 billion rather than $1.9 trillion proposed by Joe Biden

The U.S. Dollar Index was slightly down 0.1% to 90.523.
The USD/JPY hovered at 104.69.
The NZD/USD pair was slightly up 0.15%.
The USD/CNY was slightly high from 0.56% to 6.4610.
The GBP/USD pair was up 0.27% to 1.3735.

The AUD/USD pair inched up 0.11% to 0.7651. Regardless of the weak economic date from China, the Australian dollar changes the position of loss against the U.S. currency. The Reserve bank of Australia is also due to release its policy decision on Tuesday.

Investors are being calculative over the selloff because last year it was 7% and hope for a more favorable percentage this time. There are multiple reasons behind the selloff, an expectation of a Global recovery from Coronavirus, a substantial stimulus bill, and commitments to ultra-easy monetary policy.

Vaccination rollout is moving at a slower pace, not as per the expectation. Resultantly, Investors are moving to safer assets like U.S. currency.

 

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[xtreamforex12]

Euro Overnight Selloff benefits Dollar notwithstanding U.S. Currency still Topple

The Dollar was down on Tuesday morning in Asia however, hanging at the seven-week highs. The Dollar gets an advantage from an overnight euro selloff.

The Euro Declined to two-and-a-half lows overnight because of the weak German retail sales figures. The rising no of COVID-19 cases in the continent distressed the European nations with the troubled vaccine rollout program.

The U.S. Dollar Index edged down 0.15% to 90.890 against a basket of other currencies.
The USD/JPY pair slightly up 0.03% to 104.94.

The AUD/USD pair was slightly up 0.09% to 0.7625. The Reserve Bank of Australia does not change and remains at 0.10% as per the expectation.
The NZD/USD was up 0.27%.

The USD/CNY pair edged down 0.10% to 6.4063.

The GBP/USD pair was up 0.21% to 1.3689.
The British pound holding up the pace because of the improved COVID 19 vaccination facility in the hope of the economic well-being of the nation.

The united kingdom beats other nations, including Europe and U.S. Vaccinated over 9 million people from COVID 19 cases.

 

[xtreamforex12]

Dollar Elevated in the Hope COVID-19 Recovery, Euro Agonize Growth Disparity

The Dollar was moderately high on Wednesday morning in Asia, trading almost a two-month high against the Euro as traders are worried because of the ongoing circumstances of Europe’s pandemic recovery.

The Gross Domestic Product in the 19 countries sharing euro declined by 0.7% quarter-on-quarter in the final quarter of 2020. Also, 5.1% year-on-year Mentioned on the official released GDP data of the eurozone.

Joe Biden’s government spares no efforts through their new policy, therefore provided vaccination to the masses in a good number. Meanwhile, in Europe only, U.K completed the estimated rate of anti dots, however, other European nations are still struggling to outpace the vaccine rollout.

The U.S. Dollar Index was slightly up 0.2% to 91.043 against the basket of other currencies.
The USD/JPY pair was slightly up 0.4% to 105.02.
The AUD/USD inched up 0.11% to 0.7614.
The NZD/USD was up 0.38% to 0.7218.
The USD/CNY was slightly up 0.7% to 6.4594.
The GBP/USD inched up 0.2% to 1.3668.

 

[xtreamforex12]

The Dollar up, BOE dominates over British Pound

• The Dollar is alive and kicking against major currencies.
• The BOE policy is closely monitored by the investors for future trade.
• A hefty fiscal measure seems to have a positive impact on the United States economy.

The U.S. currency is overpowering Euro and Yen on Thursday as traders are being negative in regards to the U.S. economic outlook seems to be disappeared before the release of crucial data on the job market.

The Traders are optimistic about the dollar because of the steady coronavirus vaccination rollout. The U.S. President Joe Biden’s additional Fiscal measure, moreover better economic data forced investors to give up a thought on currency depreciation. Another prominent data is ready to release on Friday that is, non-farm Payrolls. Undoubtedly, that would impact the dollar position and would certainly help in understanding states’ economic growth at the end of the last year.

The Sterling traded almost an eight-month high against Euro, traded 88.19 pence versus the euro. Meanwhile, remain consistent against the dollar.
GBP/USD hovered near 1.3600. Bank Of England leaves its policy unchanged and is expected to maintain the interest rates the same as for now at its meeting on Thursday with the Negative Interest rate might be abandoned by Governor Baily, Investors are keen to know about the situation.

The USD stood up at 105.04 against Yen.

The USD was high at $1.2035 against the Euro.

The Dollar Index was high at 91.066 against the basket of other currencies.

The AUD slightly up to $0.7646. Furthermore, the updated economic forecast of the Reserve Bank of Australia will be released on Friday that could have a major impact on the rising Australian dollar and NZD rose to $0.7125.

 

[xtreamforex12]

The Dollar Outshines With the best Weekly Gain

In the hope of economic recovery, investors are showing confidence in U.S. currency. Resultantly, the Dollar leads to the highest gain in three months on Friday.

The US Dollar Index inched down 0.5% to 91.507.

The Positive employment figures cast a major impact on the Index that closed to a two-month high reached during the previous session.

The USD/JPY pair slightly down 0.3% to 105.50.

The AUD/USD inched down 0.5% to 0.7595.

The NZD/USD pair is slightly up 0.03% to 0.7155.

The USD/CNY pair is edged down 0.4% to 6.4691.

The GBP/USD is slightly up 0.11% to 1.3685. The Bank of England maintains the February interest rate at 0.10%.

 

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[xtreamforex12]

The Uncertainty on U.S. Recovery languished Dollar

The Dollar declined on Tuesday morning in Asia to the lowest level in a week as investors are suspicious about the faster coronavirus pandemic recovery.

The U.S. Dollar Index inched down 0.8% to 90.868 against a basket of other currencies after the disappointing U.S. Jobs data on Friday.

The USD/JPY pair slightly down 0.8% to 105.14. The U.S. Currency hovered against the yen.
The AUD/USD pair edged high 0.21% to 0.7716

The NZD/USD was up 0.18% to 0.7231.

The USD/CNY pair slightly up 0.14% to 6.4536.

The GBP/USD pair edged up 0.11% to 1.354.

Investors dragged the dollar high in the hope of a faster COVID-19 vaccine rollout as compare to other nations.
However, according to a fraction of analysts, hefty fiscal measures, with ongoing ultra-easy Federal Reserve monetary policy could abide dollar down in future.

 

[xtreamforex12]

The Dollar Elevated With Inflation remaining As a Concern

The Dollar was high on Thursday morning in Asia. However, remain hovered almost two-week lows. Investors generated hopes on small returns from the U.S. Currency, After the release of weak U.S. Inflation data, and The Fed Chairman Jerome Powell’s assurance to keep interest rate low would continue.

The U.S. Dollar Index slightly up 0.1% to 9.415 against a basket of other currencies. After the release of U.S. Inflation data, the index relinquished to a two-week low of 90.249.

The USD/JPY pair slightly up 0.3% to 104.60.

The AUD/USD pair inched up 0.3% to 0.7723.

The NZD/USD pair slightly inched down 0.6% to 0.7209. News from the New Zealand gaining the interest of investors as COVID-19 is almost in control. However cascading housing prices have shoved inflation above expectation.

The USD/CNY inched up 0.37% to 6.4582.

Markets are closed in China and Japan for Holidays. U.S. Inflation Data released on Wednesday showed that the core consumer price index was unchanged month-on-month versus the assumed 0.2% growth and the 0.1% growth in December.

The GBP/USD pair was slightly up 0.5% to 1.383. Nears 34-Month ahead of Brexit talk.

Fed Chairman Jerome Powell acknowledged the unemployment rate of the United States which is still high in his speech on Wednesday.

 

[xtreamforex12]

Dollar Enfeeble, Pound on Course with the Hope of Economic Recovery

GBP/USD has reached a new 34-month high above 1.39 as the United kingdom triumph 15 million people with COVID vaccines with the investor hoping for more stimulus package will be passing by President Joe Biden following the trial of Formal President Trump End.

The rapid vaccination rollout which leads to a fall in infections had made investors hope full over the country’s economy will be stronger than expected once reopen.
As per the U.K Health Secretary, Matt Hancock said that Prime Minister Boris Johnson will check about the lockdown situation in England and how frequently the nation could exit. However, the death cases and hospital admission are still too high.

Moreover, The Dollar down on Monday, as investors are turning around from the safe-haven. Although, the volume is less due to the holiday season in Asia closed for Lunar New Year, and the United States is excited for President Day.

The Dollar Index was down 0.2% at 90.335 against a basket of other currencies.

EUR/USD slightly up 0.2% to 1.2137.

AUD/USD climbed 0.3% to 0.7779.

CNY reached the highest level 6.4009 versus per dollar.

USD/JPY inched up 0.2% at 105.12. Regardless of the 12% hike in annualized gross domestic product yen is still agonizing.

Japan is expected to start a vaccination rollout from this week, notwithstanding the economy of Japan is being hindered because of the increment on COVID 19 Cases this quarter, the robust at the end of the last year could remit the situation.

Bitcoin declined around 5.6% to $45,914 in Asian trading hours on Sunday. On the other hand, Ethereum slipped more than 8%.

 

[xtreamforex12]

The Dollar Gloomy amid Global Economic Recovery Hopes

• The USD slipping in continuation.
• Pound outshines with the record high

The Safe-Haven Dollar declined to a three-week low on Tuesday as traders are turning towards risker Currencies on economic recovery determination. While Pound climbs nearly three-year high in the hopes of vaccination rollout, gains to hit $1.3946, its highest level since April 2018 with 3% from early-February lows.

After the sell-off in U.S. Treasuries, The Japanese Yen fell against major currencies such as the Dollar, Euro, AUD, Swiss Franc with The Yen was low 0.2% against at 105.53 per dollar.

The yen also hit its lowest since late 2018 against the euro and the Australian dollar and hit a five-year low of 118.80 yen per Swiss franc.

The AUD hit a one-month high of $0.7802 with The NZD hit a five-week high of $0.7257.

The Dollar Index slightly low 0.1% to 90.240.

The Chinese Yuan inched down 0.2% to 6.4149 per dollar.

 

[lethongnet]

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[xtreamforex12]

The Dollar on Front Foot, Hits Five-Month High

• The Dollar's sudden transition against low-yielding currencies headed to its strongest position on Wednesday.
• Inflation Talks leads U.S. bonds to climb.

The dollar climbed a five-month high against the Yen because of the expectation of further economic recovery as U.S. bond yields bounce, additionally, investors’ hopes on speeding up in inflation. The Yen was delicate against U.S yields, act most with U.S. currency jumping to as high as 106.225 yen, highest since September.

The Dollar Index Jumped to 90.665 against six other major currencies.

The U.S. Bond yields uplift the dollar, rising to as high as 1.333% from 1.20% to last week.

U.S. President taking support for citizens in regards to the $1.9 trillion coronavirus stimulus package.

The euro slipped slightly to $1.2085.

The New York Federal Reserve’s Empire State manufacturing report released on Tuesday, mentioned a cheerful mood of economic leading to rise in its Prices paid index could made the inflation a worrisome situation.

The sterling held steady at $1.3895 reached its highest level since April 2018 on Tuesday. The Pound Traded at its highest level since early May.

The AUD slightly down at 0.7750, however still not much far from Tuesday’s one month high of $0.7805.

The Chinese Yuan inched down to 6.4359 per dollar after hitting a 2-1/2-year high of 6.4010 earlier in the week.

 

[xtreamforex12]

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[xtreamforex12]

European Stock elevated Amid Economic Recovery Optimism

European Stock markets climbed higher on Thursday, as investors are concentrating on corporate earnings.

After the speedy vaccination rollout all around the globe and the optimism of economic recovery turning around the investors to the stock market creating more interest towards the cyclical stocks.

The benchmark Stoxx 600 climbed to a one-year high this week as possibilities of worldwide economic recovery heading investors towards the beaten-down sectors such as energy and banks, Although, the concern of more strict monetary policy by the central bank is on air after the rise in inflation.

At New York Stock exchange the Technology stock and Nasdaq dropped, however other companies arise in the hope of economic recovery. The Nasdaq Composite dripped 0.58%.

The Euro Stoxx 50 Futures were high 0.22%, German DAX Future were up 0.15% at 13,917 and FTSE Futures rose 0.3% .

Australian Stocks arises 0.01%, on the other hand, Japan’s Nikkei fell 0.14%.

MSCI’s broadest index of Asia-Pacific shares apart from Japan declined 0.42% but was still managing to close to an all-time high.

E-mini Futures for the S&P 500 fell 0.13%.

The Dow Jones Industrial Average arise 0.29%, while S&P 500 declined 0.03%.