This is what you need to know to trade today Wednesday, October 27: The dollar gained strength against its rivals for the second day in a row on Tuesday, but action in major currency pairs remains subdued as investors prepare for key events. Today, Wednesday, data on the trade balance and durable goods orders for […]
Tag: Index Dollar
Forex Today – Asian Session: Tensions rise as central banks take center stage
What you need to know on Wednesday, October 27: The US dollar ended the day on a mixed basis, particularly stronger against its European rivals. EUR / USD is at the lower end of its weekly range, trading in the 1.1590 price zone, while GBP / USD has hovered around 1.3760, which receives additional pressure […]
AUD / USD retreats from 0.7520 as US Treasury yields rise.
AUD / USD lost 30 pips in the last hour as US Treasury yields rose amid risk appetite in the market. The general strength of the US dollar weighs on the AUD / USD pair. US consumer confidence rose more than economists expected, AUD / USD barely moved. The AUD/USD barely advancing during the American […]
More range runs seem likely
The DXY regained the 94.00 area on Tuesday. The 93.50 zone emerges as strong support. The U.S. dollar index (DXY) extends the erratic performance recorded in recent times and comes under some selling pressure after another unsuccessful attempt to revisit 94.00. Meanwhile, the greenback appears poised for further consolidation as long as the 93.50 region […]
AUD / USD consolidates gains around 0.7500
AUD / USD flirts with 0.7500, as bulls celebrate risk appetite in the markets. The US dollar remains firmer, limiting the pair’s upward attempts. All eyes are on consumer confidence data from the US CB and the Australian CPI. The AUD/USD is moving higher during the European session on Tuesday, recovering the level of 0.7500, […]
Support of the 21-day SMA appears to be at risk amid a bearish RSI
EUR / USD clings to the support of the 21-day SMA, the decline looks convincing. The RSI is pointing lower below the midline, pointing to further losses for the pair. 1.1700 remains a tough nut to crack for the pair’s bulls, with all eyes on the ECB. EUR / USD remains stable around 1.1600, devoid […]
US dollar DXY index clings to gains near 94.00 level
The DXY index extends Monday’s gains and is approaching the 94.00 level. Solid support has appeared in the 93.50 region so far. Consumer confidence and housing data stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends the weekly rebound […]
GBP / USD approaches 1.3800 amid weaker dollar
GBP / USD is moving higher during the European session on Monday. The US dollar remains subdued after lower US Treasury yields and reduced inflation fears. Upbeat data, Brexit news and an upbeat BoE fuel sterling gains. The GBP/USD stands firm at the start of the European session on Monday. The pair has managed to […]
The critical week for the markets begins quietly
This is what you need to know to trade today Monday, October 25: The dollar struggles to find demand early in the week amid mixed market mood, but overall trading action remains relatively subdued as investors await this week’s high-impact macro data releases and events. . Germany’s IFO index of business climate, current valuation and […]
High inflation will likely last well into next year
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, said on Friday that high inflation will likely last well into next year, but added that they still expect it to slide back toward its 2% target, according to Reuters. Featured statements “Supply bottlenecks continue to weigh.” “Another COVID spike this winter […]
