Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.
weekly USDJPY MUFG Research added a short USD/JPY position (spot ref: 149:60) to its TOTW portfolio. The trade has a target at 143.00, and a stop at 152.10. “We want to maintain some exposure to a further weakening of the US dollar and believe long JPY may be the best way for that right now,”
AI image The upcoming week features a series of significant economic releases, auctions, and reports that market participants will be watching closely. Monday, November 20 The week kicks off with a Treasury auction of 20-year securities worth $16 billion, an event that will give us insights into market demand for long-term government debt. It comes
Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy yet suggest gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso
Oil Analysis and Charts Oil prices continue to slide on demand worries. The technical outlook remains biased to the downside. Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar US oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price
Euro Analysis (EUR/USD, EUR/JPY) Second Data Estimate Points to Stagnant European Growth Europe has been the center of pessimistic fundamental data in recent months as the global growth slowdown advances. Elevated interest rates are helping to constrain economic activity in order to bring down inflation but it remains a delicate balancing act as policy makers
EUR/USD Forecast – Prices, Charts, and Analysis US and Euro Area inflation releases dominate this week’s economic calendar. Federal Reserve speakers are out in force this week. Recommended by Nick Cawley Get Your Free EUR Forecast The Euro is eyeing 1.0700 against the US dollar in early turnover with little in the way of news,
Share: It is quite a big week for Sterling. Economists at ING analyze GBP outlook. Some independent weakness emerging There does appear to be a little independent weakness emerging in Sterling, although the Bank of England’s trade-weighted index is only off around 0.6% over the last few days. Quite a large 1.7% MoM
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from November 6 to 10, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and
