This is what you need to know to trade today Monday, September 13: Markets have started the week with minor gains after a week down. The sentiment is based on uncertainty about US inflation, technological crackdown in China, and concerns about covid and infrastructure. The dollar is gaining ground across the board. Cryptocurrencies are on […]
Tag: Aversion risk
WTI cuts intraday losses, returns above $ 68.50 ahead of EIA report
Doubts about the outlook for global fuel demand sparked new sales around the WTI. The boost from risk aversion benefited the dollar as a safe haven and further affected commodities. Traders are looking forward to the official EIA report on US crude inventories for further momentum. Crude oil WTI it witnessed a strong sell during […]
Stronger dollar ahead of ECB stimulus reduction expectations
This is what you need to know to trade today Thursday 9 September: The US dollar remains higher as market sentiment continues to be buffeted by growing concern over a slowdown in the economic recovery, especially after the Fed’s Beige Book signaled a “downward shift” in the economy. The rapid spread of the Delta variant […]
Dollar remains high amid COVID concerns, Bitcoin stabilizes
This is what you need to know to trade today Wednesday September 8th: The mood remains tepid amid mostly lower Asian markets as they followed yesterday’s lackluster performance on Wall Street. Cases of the Delta variant of covid in the United States and possible restrictions reignited economic concern, souring investor sentiment while boosting the safe-haven […]
USD / CAD falls below 1.2700 again amid rally on WTI
USD / CAD ends the two-day move higher as WTI rises on geopolitical risks. The US dollar retreats ahead of Fed Chairman Jerome Powell’s speech. The pullback starts below the 50 SMA on the 4-hour chart. The bounce on the USD / CAD seems to have lost traction on Friday, retreating below 1.2700 after hitting […]
Dollar licks its wounds and cryptocurrencies recede ahead of GDP and US jobless claims
This is what you need to know to trade today Thursday, August 26: Markets have cooled off Thursday after another bullish session on Wednesday. Investors are turning their attention to an update on GDP and US jobless claims on Thursday ahead of Powell’s speech from the Fed on Friday. The news about Covid is also […]
USD / CHF reverses a modest intraday decline, lateralized below 0.9200
USD / CHF drew some buying on the dips on Friday amid widespread USD strength. Expectations that the Fed will start to wane soon extended support to the USD. Risk aversion sustained the safe haven CHF and limited gains for the pair. The pair USD/CHF it bounced around 30 pips from the daily lows and […]
Finds support near 0.7100, bearish bias intact
AUD / USD prolonged its recent bearish trajectory and fell to fresh multi-month lows. The oversold conditions on the short-term charts helped limit any further losses, at least for now. Sustained weakness below 0.7100 will set the stage for additional short-term losses. The pair AUD/USD It fell to the lowest level since November 2020 on […]
1.3570 is the next relevant target for bears
GBP / USD continued to lose ground on Friday and fell to month-long lows in the last hour. Sustained buying in the USD and disappointing UK macro data bot contributed to the ongoing slide. A drop below the July lows will set the stage for an extension of the depreciation movement. The pair GBP/USD it […]
NZD / USD struggles near nine-month lows, bears expect to break below 0.6800
NZD / USD is down for the fifth day in a row under pressure from a combination of factors. COVID-19 woes weigh on risk sentiment and push money flows away from the NZD of higher perceived risk. Expectations that the Fed will begin to reduce its buying program soon prop up the USD. The pair […]
