This is what you need to know to trade today Friday, December 31: Following the choppy market action on Thursday, the major pairs remain quiet as we approach 2022. No macroeconomic data will be released on New Year’s Eve, but the US equity markets will be open. US bond markets will close early. Hours earlier, […]
Tag: Macroeconomy
Dollar weakness remains short-lived ahead of the New Years holidays
This is what you need to know to trade today Thursday, December 30: The dollar faced selling pressure in the second half of the day on Wednesday, but managed to limit its losses early on Thursday, with the US dollar index staying in positive territory above 96.00. In the absence of high-level data releases, improving […]
NZD / USD recovers 0.6800 amid mixed market environment
The risk-sensitive NZD is advancing in a mixed market environment. US Treasury yields are on the rise, though they hesitate to drag the dollar down, which is heading below 96.00. NZD / USD has a bearish bias and could accelerate the downtrend once the 0.6800 level is broken. The NZD it is moving higher, recovering […]
GBP / USD recovers to a new monthly high, approaching 1.3500
On Wednesday, the British pound was up 0.31%. Weak liquidity conditions and a lack of economic data exacerbate volatility in the last days of the year. GBP / USD Price Forecast: The 1 hour chart shows a bullish bias as GBP buyers look at the 1.3500 figure. The British pound is recovering in the American […]
The dollar maintains its position pending mid-level data
This is what you need to know to trade today Wednesday, December 29: The US dollar index closed for the second day in a row in positive territory and continues to climb slowly on Wednesday, but markets are likely to remain quiet ahead of the New Year holidays. Later in the day, November’s pending home […]
AUD / USD declines from monthly highs around 50 DMA as bears watch 0.7200
-637763137637224650.png "AUD / USD declines from monthly highs around 50 DMA as bears watch 0.7200")
The Aussie loses some of Monday’s gains, down 0.21%. Expectations for federal funds rates rose to about 60% as investors calculated a 25 basis point hike for the March meeting. AUD / USD Price Forecast: Monday’s rally stalled around the 50 DMA according to the daily chart. The AUD/USD it cuts some of its gains […]
NZD / USD clings to 0.6800 despite losing as last trading week of the year begins
-637762358253948643.png "NZD / USD clings to 0.6800 despite losing as last trading week of the year begins")
The NZD / USD is down 0.04% during the day. The NZD is lower on the general strength of the US dollar. Market sentiment is optimistic, despite the first Covid-19 Omicron related death reported worldwide. NZD / USD Price Forecast: Has a downside bias, but a break below 0.6800 is needed to calm the NZD […]
USD / TRY hovers around the 50 DMA at 11.5360 amid risk appetite
The Turkish lira weakens 5.11% against the dollar amid tight liquidity markets. USD / TRY Forecast: It has a bullish bias, although a break above the 50 DMA is needed, to resume any move towards the 13.8000 mid zone. TRY weakens throughout the day, trading at 11.4100 during the American session at the time of […]
EUR / USD remains stable around 1.1320
France reintroduces restrictive Covid-19 measures amid spread of Ómicron across the country The shared currency barely advanced 0.05% during the American session. Market risk appetite weighed on the dollar against the euro, even though the US dollar index advanced 0.10%. EUR / USD Price Forecast: Stuck in the 1.1300-50 range amid illiquid trading conditions. The […]
Major pairs remain quiet at the beginning of the last week of 2021
This is what you need to know to trade today Monday, December 27: Major currency pairs continue to fluctuate in extremely tight ranges at the beginning of the last week of the year as trading conditions remain poor. The only data included in the US economic calendar will be the Texas Fed manufacturing survey for […]
