As the market prepares for the Fed chair speech in front of the New York Economic Club at 12 noon, the price action of the EURUSD, USDJPY and the Nasdaq (as a proxy for the US stock market), have defined key levels that traders will be watching for bias, risk and target clues. In this
Share: EUR/USD consolidates in a narrow trading band through the Asian session on Thursday. The fundamental backdrop and the technical setup support prospects for further losses. A convincing breakout through the descending channel hurdle will negate the bearish bias. The EUR/USD pair struggles to gain any meaningful traction on Thursday and oscillates in
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Outlook: USD/JPY Flat, AUD/USD Dives after Rejection, USD/MXN Soars EUR/USD TECHNICAL ANALYSIS EUR/USD pulled back on Wednesday after failing to clear channel resistance located just below the 1.0600 handle,
Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The
US Dollar, Crude Oil, Treasury Yields, EUR/USD, AUD/USD, China GDP, Gold – Talking Points Euro rally is testing resistance while the Bank of Japan steps into the bond market China GDP was a solid beat, lifting AUD, supported by a hawkish RBA If the US Dollar regains the ascendency, will EUR/USD resume its downtrend? Recommended
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro appears to be struggling against the US Dollar with a trend unfolding EUR/JPY has steadied after a downside breakout move was rejected EUR/GBP continues to bounce around in the range for now. Will EUR/GBP break out? Recommended by Daniel
EUR/USD ANALYSIS EUR/USD rebounds after weakness late last week, but geopolitical tensions remain a concern for riskier currencies A ground invasion of the Gaza Strip by Israel may have negative implications for the euro, as it has the potential to intensify tensions in the Middle East This article discusses crucial EUR/USD technical levels that warrant
Share: The Euro keeps the bid bias unchanged against the US Dollar. Stocks in Europe close the session with a decent advance across the board. EUR/USD faces immediate target at the 1.0600 hurdle. The USD Index (DXY) meets initial support around 106.30. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index
EURUSD reaches the high of swing area target The EURUSD has moved down to a new low and in the process has reached the high of a swing area between 1.0483 and 1.0500. The low price has reached 1.0496 so far. The swing area is home to a number of different swing lows going back
FED MINUTES The U.S. dollar, as measured by the DXY index, was modestly higher on Wednesday, attempting to end a 5-day losing streak. Against this backdrop, both EUR/USD and AUD/USD traded with a negative bias, unable to sustain their recent upturn in a sign perhaps of market exhaustion. In other developments, the publication of the
