Share: US Dollar consolidates previous week’s losses. Economists at Commerzbank analyze Greenback’s outlook. USD’s upside potential largely exhausted Due to a lack of new information on central bank policy, EUR/USD will tend to trade sideways this week. Based on monetary policy the Dollar’s upside potential is more or less used up and the
There are a couple of previews of the week ahead here: Make sure you add in that Federal Reserve Chair Powell will be speaking this week which, for me, is the highlight. I have already seen questions that will be asked along the lines of: “does he agree with the ‘dovish hold’ assessment of last
MON: FOMC SLOOS, BoJ Minutes (Sep), BoC Market Participants Survey; Japanese Jibun Final Composite/Services PMIs (Oct), German Industrial Orders (Sep), EZ Final Construction/Services PMIs (Oct), UK Final Construction PMI (Oct), US Employment Trends (Oct). TUE: RBA Policy Announcement, EIA STEO; Chinese Trade Balance (Oct), EZ Producer Prices (Sep), US International Trade (Sep), Canadian Trade Balance
Share: EUR/USD gained more than 1% on Friday, rising near 1.0730. The USD, measured by the DXY index, will close with a 1.40% weekly loss. The dovish stance of the Fed and weak NFPs from October made the USD tumble. In Friday’s session, the EUR/USD soared to 1.0730, closing a 1.50% gaining week,
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 October 30 to November 3, 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
USDMXN daily MUFG Research added 2 new trades to its TOTW portfolio. Short USD/MXN – (spot ref @ 17.400), Target @ 16.900 & Stop @ 17.800 and Short USD/SEK – (spot ref @ 10.980,) Target @ 10.650 & Stop @ 11.200. “We are recommending a new short USD/MXN trade idea. While the pair has already
As 10-year Treasury yields basically undoes whatever happened in October, equities are finding much comfort especially in the last two days. Tech stocks have been surging but general sentiment in itself is extremely buoyed as major indices look to wrap up the week with another round of gains. That would make it five for five
Even today, while most market players might be focused on the FOMC meeting, I would say that the main event on the day is the Treasury refunding announcement. I detailed more on that yesterday here. As for the rest of the week, there is still the BOE monetary policy decision tomorrow and then the US
Oil (Brent Crude) News and Analysis The weekend premium was deflated on Monday as markets look to the Fed Oil heads lower after respecting resistance at $89 a barrel EU data underscores growth slowdown in major economies The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 tries to stabilize The FTSE 100 is trying to regain some of last week’s sharp losses which were due to risk-off sentiment surrounding the Middle East and the ‘rates higher for longer’ outlook.The decline took it
