Daily Forex News

Discussion in 'General Discussions' started by xtreamforex12, Nov 15, 2018.

  1. Ma

    Martin New Member
    1/6

    Joined:
    Dec 28, 2018
    Messages:
    20
    Likes Received:
    0
    Trophy Points:
    1
    Location:
    Germany
    Thanks
     
  2. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.1343.

    ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

    The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.12801, and a fall through could take it to the next support level of 1.12176. The pair is expected to find its first resistance at 1.14507, and a rise through could take it to the next resistance level of 1.15588. Previous Day range was 170.6 and Current Day Range is 61.6.



    AUD USD


    The AUD traded a bit lower against the USD and closed at 0.6984.

    ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.

    Readings above 50 can have a positive effect on US dollar quotes.

    The pair is expected to find support at 0.69596, and a fall through could take it to the next support level of 0.69351. The pair is expected to find its first resistance at 0.70303, and a rise through could take it to the next resistance level of 0.70765.

    AUD USD previous Day range was 70.7 and Current Day Range is 223.6.

    USD CAD

    The USD traded higher against CAD and closed at 1.3577.

    Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.
    The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes.

    According to the analysis, USD/CAD pair is expected to find support at 1.35433, and a fall through could take it to the next support level of 1.35094. The pair is expected to find its first resistance at 1.36367, and a rise through could take it to the next resistance level of 1.36962.


    USD/CAD previous day range was 93.4 and current day range is 71.8.
    Visit Us:-https://xtreamforex.com/academy/technical-overview-of-eur-usd-aud-usd-and-usd-cad-currency-pairs-4/
     
  3. Ka

    Kae New Member
    3/6

    Joined:
    Dec 31, 2018
    Messages:
    20
    Likes Received:
    1
    Trophy Points:
    3
    Gender:
    Female
    Location:
    Australia
    Thank you for sharing your analysis, still learning
     
  4. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of NZD/USD, AUD/USD and EUR/USD Currency Pairs

    NZD USD
    [​IMG]
    The NZD traded higher against the USD and closed at 0.6736.

    Factory Orders m/m show the changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one. This is a composite indicator including new industrial orders for durable and non-durable goods; orders unfilled by the end of a month; shipments (indicating the current sales); total reserves of raw materials and products by the end of the given month.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 0.66880, and a fall through could take it to the next support level of 0.66397. The pair is expected to find its first resistance at 0.67681, and a rise through could take it to the next resistance level of 0.67999.

    Previous Day range was 80.1 and Current Day Range is 29.1.

    AUD USD
    [​IMG]
    The AUD traded a bit higher against the USD and closed at 0.7117.

    ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

    Readings above 50 can have a positive effect on US dollar quotes.

    The pair is expected to find support at 0.70326, and a fall through could take it to the next support level of 0.69477. The pair is expected to find its first resistance at 0.71631, and a rise through could take it to the next resistance level of 0.72087.

    AUD USD previous Day range was 130.5 and Current Day Range is 28.5.

    EUR USD
    [​IMG]
    The EUR traded higher against USD and closed at 1.1396.

    Retail Sales m/m reflect a change in the euro area retail sails in the reported month compared to the previous one. The calculation is adjusted for inflation.

    The index is often called the consumer spending indicator and allows assessing inflation in the euro area.

    The indicator growth can have a positive effect on the euro quotes.

    According to the analysis, EUR/USD pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13147. The pair is expected to find its first resistance at 1.14273, and a rise through could take it to the next resistance level of 1.14589.

    EUR/USD previous day range was 72.1 and current day range is 34.3.
     
  5. sobha

    sobha New Member
    1/6

    Joined:
    Dec 3, 2018
    Messages:
    24
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Female
    Occupation:
    House Wife
    Location:
    India
    Thanks for the Currency news. Good for manual trading setup.
     
  6. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Overview of Gold: $1,300 Break Remains Indefinable Despites the Weak tone in US Dollar

    XAU traded a bit lower against USD and closed at 1288.78.

    · Gold picked up a bid on Monday, tracking the weak spot in the US dollar, but the bull momentum ran out of steam at $1,295.

    · The dollar index (DXY) fell to 2.5-month lows below the 100-day MA.

    · The yellow metal is still struggling to break past $1,300.

    · $1,276 is the level to beat for the bears.

    According to the Analysis, The XAU/USD.X pair is expected to find support at 1282.62, and a fall through could take it to the next support level of 1276.47. The pair is expected to find its first resistance at 1294.99, and a rise through could take it to the next resistance level of 1301.21. Previous Day range was 12.37 and Current Day Range is 7.69.

    The yellow metal failed to cross the psychological barrier of $1,300 on Friday and carved out a bearish-lower high of $1,288 yesterday, despite the drop in the US dollar - gold's biggest retribution.

    Notably, the dollar index found acceptance below the 100-day moving average (MA) yesterday and fell to 95.64 - a level last seen on Oct. 22.
    The greenback is indeed on the defensive, having closed below the 100-day MA for the first time since Sept. 27 amid dovish Fed expectations.

    The yellow metal is still struggling to pick up a strong bid. As of writing, it is reporting moderate losses at $1,286 per Oz. Gold's inability to capitalize on DXY's break below the 100-day MA likely indicates the bulls are facing exhaustion.
    [​IMG]
     
  7. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Overview of Crude Oil: WTI Continues to Climb on Trade Hopes

    US Oil – also known as West Texas Intermediate (WTI) and Texas Sweet Light – is another type of ‘sweet light’ crude oil, that has a lower sulphur content and density than UK Oil. It is drilled in North America, primarily in Texas, Louisiana and North Dakota, and sent via pipeline to Cushing, Oklahoma for price settlement. As this is a landlocked area, most WTI oil is consumed in the US, making this the primary benchmark for the US market.

    According to the analysis, USOil.x pair is expected to find support at 48.95, and a fall through could take it to the next support level of 47.89. The pair is expected to find its first resistance at 50.60, and a rise through could take it to the next resistance level of 51.89.

    USOil.x previous day range was 16500 and current day range is 9000.


    · US-China trade talks continue, and markets continue to bid up on hopes of progress.

    · Commodities are catching a relief run on hopes of improving trade, after a tense ending to 2018.


    Crude energies markets are continuing to spin higher as investors hope for peaceful trade talks to resolve between the US and China, which are at present underway at the vice-ministerial level, extending into a third day of talks with traders awaiting announcements following the trade meetings. Trade tensions between the US and China have spun out broader market sentiment in recent months, and investors are looking for any signs of a recovery in global trade in order to offset the increasing signs of economic slowdown across the planet for 2019.

    The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

    Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.
    [​IMG]
     
  8. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs

    GBP USD
    [​IMG]
    The GBP traded higher against the USD and closed at 1.2746.

    The GBP/USD pair trades at the upper end of its weekly range as the dollar remains weak. Upside capped by Brexit uncertainty, looming Parliamentary discussions.

    Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.

    Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production. The indicator growth may have a positive effect on the pound quotes.

    According to the Analysis, The pair is expected to find support at 1.27154, and a fall through could take it to the next support level of 1.26853. The pair is expected to find its first resistance at 1.27874, and a rise through could take it to the next resistance level of 1.28293.

    Previous Day range was 72 and Current Day Range is 25.3.

    AUD USD
    [​IMG]
    The AUD traded lower against the USD and closed at 0.7185.

    AUD prints session highs above 0.72 following a better-than-expected Aussie retail sales release.

    The pair is struggling to find acceptance above 0.72 and could feel the pull of gravity during the day ahead as both the USD/CNH pair and gold are hinting at a recovery rally in the US dollar.

    Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.

    The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.

    The indicator growth can have a positive effect on the Australian dollar quotes.

    The pair is expected to find support at 0.71548, and a fall through could take it to the next support level of 0.71248. The pair is expected to find its first resistance at 0.72059, and a rise through could take it to the next resistance level of 0.72270.

    AUD USD previous Day range was 51.1 and Current Day Range is 31.6.

    NZD USD
    [​IMG]
    The NZD traded higher against USD and closed at 0.6779.

    The NZD/USD pair is probing the trendline falling from December highs for the third day straight. As of writing, the trendline resistance is located at 0.6786. Interestingly, the 100-period moving average (MA) on the 4-hour chart is also located at that level.

    Building Consents m/m reflect summary data on permits for the construction of residential and non-residential buildings priced at 5000$ and higher, granted by New Zealand consent authorities. The indicator is calculated as a change in the reported month compared to the previous one. The calculation accounts for taxes on goods and services, however it is not adjusted for inflation.

    Data on construction approvals are considered as an indicator of confidence in the domestic economy, therefore construction consents are also considered as a leading indicator of the construction sector activity.

    According to the analysis, NZD/USD pair is expected to find support at 0.67684, and a fall through could take it to the next support level of 0.67581. The pair is expected to find its first resistance at 0.67915, and a rise through could take it to the next resistance level of 0.68043.

    NZD/USD previous day range was 23.1 and current day range is 42.5.
     
  9. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of Bitcoin by XtreamForex

    BTC traded a bit lower against USD and closed at 3653.36.
    Bitcoin breaks key levels again after breaching $4k.

    Long term bottom is not in place yet.
    According to the Analysis, The BTC/USD pair is expected to find support at 3589.71, and a fall through could take it to the next support level of 3526.05. The pair is expected to find its first resistance at 3708.30, and a rise through could take it to the next resistance level of 3763.23. Previous Day range was 118.59 and Current Day Range is 37.66.

    Bitcoin, the king of Cryptocurrencies, has broken down of some key levels after breaking below $4,000 and is now at the risk of breaching $3,000 too as long term bottom is not yet in place for the largest crypto.

    BTC/USD trading flat on day at $3,633 and in less than one percent range for the day - typical low volume and even lower volatility weekend trading that is. Earlier this week, Bitcoin and all the other major coins saw massive sell-off all over again, resulting in BTC breaking $4,000 again and as a result also broke some key levels on the short term (180-minute) as well as long term (daily) chart.
    [​IMG]
     
  10. Priya

    Priya Active Member
    28/34

    Joined:
    Mar 12, 2017
    Messages:
    110
    Likes Received:
    32
    Trophy Points:
    28
    Gender:
    Female
    Occupation:
    Manager
    Location:
    London, UK
    Good Overview, I think in weeks to come BTC will go down.
     
  11. glian

    glian New Member
    3/6

    Joined:
    Nov 30, 2018
    Messages:
    21
    Likes Received:
    2
    Trophy Points:
    3
    Gender:
    Female
    Location:
    Australia
    Thanks for the technical overview, I lost in BTC last week taking long. Very sad:giggle:
     
  12. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pairs

    EUR USD
    [​IMG]
    The EUR traded higher against the USD and closed at 1.1468.

    EUR/USD slipped back below the pivot at 1.1468 on Friday, falling from a high of 1.1540 to a low of 1.1451, consolidating between there and 1.1480 in a sideways drift in the main.

    ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the euro zone, the speech influences the EU currency.

    If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.

    According to the Analysis, The pair is expected to find support at 1.14519, and a fall through could take it to the next support level of 1.14360. The pair is expected to find its first resistance at 1.14825, and a rise through could take it to the next resistance level of 1.14972.

    Previous Day range was 30.6 and Current Day Range is 24.4.

    AUD USD
    [​IMG]
    The AUD traded higher against the USD and closed at 0.7194.

    The AUD/USD bounce gained further traction last hour, with the bulls testing highs into the 0.7220 level following fresh monetary and fiscal stimulus measures announced by China. The spot is on its way to test the monthly tops at 0.7236.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    The pair is expected to find support at 0.71737, and a fall through could take it to the next support level of 0.71537. The pair is expected to find its first resistance at 0.72158, and a rise through could take it to the next resistance level of 0.72379.

    AUD USD previous Day range was 42.1 and Current Day Range is 31.5.

    NZD USD
    [​IMG]
    The NZD traded higher against USD and closed at 0.6821.

    Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

    The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

    According to the analysis, NZD/USD pair is expected to find support at 0.68006, and a fall through could take it to the next support level of 0.67803. The pair is expected to find its first resistance at 0.68367, and a rise through could take it to the next resistance level of 0.68525.

    NZD/USD previous day range was 36.1 and current day range is 34.2.
     
  13. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of GBP/USD, USD/JPY and USD/CHF Currency Pairs

    GBP USD
    [​IMG]
    The GBP traded lower against the USD and closed at 1.2858.

    The GBP/USD pair is struggling to cross the 9-month-long falling trendline for the third day straight, having charted a big doji candle at that diagonal line yesterday.

    Bank of England Governor Speech is given by the head of the BOE's Monetary Policy Committee and has the greatest influence over sterling's value among all members of the Committee. The BoE Governor's public engagements suggest clues regarding the change in the exchange rate and future monetary policy of the Bank of England.

    According to the Analysis, The pair is expected to find support at 1.27176, and a fall through could take it to the next support level of 1.25770. The pair is expected to find its first resistance at 1.29563, and a rise through could take it to the next resistance level of 1.30544.

    Previous Day range was 238.7 and Current Day Range is 47.1.

    USD JPY
    [​IMG]
    The USD traded lower against the JPY and closed at 108.631.
    USD/JPY is on the retreat, having faced multiple rejections near 108.75 in the last 24 hours.

    Risk-reset is likely on shaky grounds. China stimulus pledge could be overshadowed by the global growth slowdown.
    BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

    If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

    The pair is expected to find support at 108.253, and a fall through could take it to the next support level of 107.875. The pair is expected to find its first resistance at 108.884, and a rise through could take it to the next resistance level of 109.137.

    USD JPY previous Day range was 6310 and Current Day Range is 3350.

    USD CHF
    [​IMG]
    The USD traded higher against CHF and closed at 0.9876.

    With major European currencies remaining under strong selling pressure on Tuesday, the greenback attracted investors' attention and the US Dollar Index recovered all of the losses it recorded last week and broke above 96 to refresh its highest level since January 4 at 96.23.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the analysis, pair is expected to find support at 0.98208, and a fall through could take it to the next support level of 0.97656. The pair is expected to find its first resistance at 0.99124, and a rise through could take it to the next resistance level of 0.99488.

    USD/CHF previous day range was 91.6 and current day range is 8.1.
     
  14. xt

    xtreamforex12 Member
    8/12

    Joined:
    Sep 17, 2018
    Messages:
    77
    Likes Received:
    6
    Trophy Points:
    8
    Gender:
    Female
    Location:
    Cyprus,nicosia
    Technical Overview of EUR/USD, GBP/USD and NZD/USD Currency Pairs

    EUR USD
    [​IMG]
    The EUR traded higher against the USD and closed at 1.1388.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the Analysis, The pair is expected to find support at 1.13708, and a fall through could take it to the next support level of 1.13535. The pair is expected to find its first resistance at 1.14055, and a rise through could take it to the next resistance level of 1.14229.

    Previous Day range was 34.7 and Current Day Range is 13.9.

    GBP USD
    [​IMG]
    The GBP traded lower against the USD and closed at 1.2983.

    Retail Sales m/m show the changes in the value of retail goods sold in the UK for the given month compared to the previous one. The calculation uses season-adjusted data from British retailers.

    The indicator is used in forecasting, budgeting and in the development of the UK financial and economic policy. The retail sales growth can affect the British pound quotes positively.

    The pair is expected to find support at 1.28772, and a fall through could take it to the next support level of 1.27714. The pair is expected to find its first resistance at 1.30437, and a rise through could take it to the next resistance level of 1.31044.

    GBP USD previous Day range was 166.5 and Current Day Range is 25.6.

    NZD USD
    [​IMG]
    The NZD traded higher against USD and closed at 0.6761.

    BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.

    According to the analysis, pair is expected to find support at 0.67303, and a fall through could take it to the next support level of 0.66995. The pair is expected to find its first resistance at 0.67892, and a rise through could take it to the next resistance level of 0.98173.

    NZD USD previous day range was 58.9 and current day range is 22.4.
     
  15. HotForexsignal

    HotForexsignal New Member
    3/6

    Joined:
    Yesterday
    Messages:
    2
    Likes Received:
    2
    Trophy Points:
    3
    Gender:
    Male
    Occupation:
    Forex Signals and Trade Copier Service provider
    Location:
    Redwood City, CA 94063, USA
    Home Page:
    Forex News Feed - U.S. Dollar Rises as Consumer Optimism Falls

    The greenback picked occurring steam on Friday despite U.S. consumer optimism hitting its lowest level back Donald Trump was elected president and the paperwork shutdown upsetting into its 28th daylight.

    The dollar was supported by a stronger-than-respected description for U.S. industrial production in December, in which manufacturing posted an impressive 1.1% profit from November. Such forgive surprises minister to some of the worries approximately the strength of the economy after the slowdown at the halt of last year. They furthermore underline the relative strength of the U.S. compared to the Eurozone, where the Bank of Italy warned Friday that the country may have slid into recession later a second straight decrease in GDP in the fourth quarter of last year.

    However, the negatives for dollar sentiment quay's following away: Congress and Trump continue to torment when their impasse well along than the budget and on the summit of 800,000 federal workers remain furloughed. The shutdown could have negative impacts on the economy, put on leaders have warned this week as they presented their quarterly earnings.

    The shutdown is comprehensibly having an effect upon U.S. consumers already: the University of Michigan's Consumer Survey Center showed that consumer sentiment plummeted to a two-year low of 90.7 in January from 98.3 a month earlier.

    The U.S. dollar index, which trial the greenback's strength nearby a basket of six major currencies, rose 0.17% to 95.875 as of 10:19 AM ET (15:19 GMT).

    The dollar after that continued to be supported by a Wall Street Journal relation that U.S. Treasury Secretary Steven Mnuchin is in agreement of mitigation tariffs upon Chinese products. That sent U.S. stocks and the dollar difficult late upon Thursday, despite the Treasury Department denying the news.

    Meanwhile, sterling retreated from its recent highs after lackluster retail sales data for December. GBP/USD decreased 0.51% to 1.2914. It's still holding to most of the gains made in recent weeks, as the risk of an economically harmful 'vanguard' Brexit appears to recede.

    The yen, typically sought by investors as a safe quay during a period of economic or push-pull attention to, was lower neighboring to the dollar when USD/JPY rising 0.19% to 109.42.

    Elsewhere, the euro dipped gone than EUR/USD falling 0.18% to 1.1374.
     
  16. Su

    Suresh New Member
    3/6

    Joined:
    Nov 25, 2018
    Messages:
    15
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    Location:
    india

    Good news and I do agree.
     
  17. pe

    peter75 New Member
    1/6

    Joined:
    Yesterday
    Messages:
    4
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    Location:
    Singapore
    Looks like EURUSD on my analysis.
    EURUSDH4.png
     
  18. HotForexsignal

    HotForexsignal New Member
    3/6

    Joined:
    Yesterday
    Messages:
    2
    Likes Received:
    2
    Trophy Points:
    3
    Gender:
    Male
    Occupation:
    Forex Signals and Trade Copier Service provider
    Location:
    Redwood City, CA 94063, USA
    Home Page:
    Forex News Feed - Dollar steady oppressive two-week high harshly recovery in risk appetite

    The dollar hovered heavy a two-week tall bordering to a basket of currencies a proposal Monday, supported by a sustained recovery in speculator risk appetite which nudged U.S. wonder yields sophisticated.

    The dollar index, which trials its strength neighboring-door to an organization of six major currencies, was steady at 96.315 (DXY) after climbing to 96.394 percent on the order of Friday, its strongest by now Jan. 4.

    Hopes for a thaw in U.S.-China trade tensions, a more dovish-sounding Federal Reserve and optimism that Britain could avoid a "No-Deal" Brexit are some of the factors that have fanned the compensation in swashbuckler risk appetite, which went into a deep deaden in December along amid a slide in global equity markets.

    Along subsequently than a confront in Treasury yields earlier in the month which had accompanied the retreat in equities, the dollar index had slipped to a three-month low stuffy 95.00 regarding Jan. 10.

    "The dollar index is valuably concerning a recovery track. The currency was stranded in a downtrend at the begin of January but is now monster bought minister to close its peers such as the yen, euro, pound and the Aussie," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

    "Whether the current 'risk concerning' supporting the dollar can continue will likely depend upon how U.S. corporate earnings outlook out. The United States and China falling out behind anew greater than trade issues and volatile U.S. politics still remain the main potential risk factors."

    The dollar was the length of 0.15 percent at 109.62 yen, taking a pause after climbing to a three-week tall of 109.895 upon Friday. The greenback had gained following more 1 percent contiguously its Japanese peer last week.

    The euro was a shade highly developed at $1.1373 (EUR=) but in near achieve of a two-week low of $1.1353 brushed upon Friday.

    The pound was 0.1 percent belittle at $ 1.2857.

    Sterling had climbed to a two-month top of $1.3001 upon Thursday upon growing confidence that Britain can avoid leaving when the European Union without flexibility, but faced profit-taking upon Friday.

    The Australian dollar was steady at $0.7164 after ending Friday upon a loss of 0.3 percent.

    China is received to relation upon Monday that economic optional addition cooled to its slowest in 28 years in 2018 plus weakening domestic demand and bruising U.S. tariffs.

    Due to Australia's unventilated trading connections by now the world's second-biggest economy, the Aussie is often regarded as a proxy to China-similar trades.

    The 10-year Treasury note is approving (US10YT=RR) rose to a three-week tall of 2.799 percent upon Friday, continuing its rise from a one-year low of 2.543 percent plumbed in front in January.
     

Currently Active Users Viewing This Thread: 0 (Users: 0, Guests: 0)

Share This Page