Data from Germany showed an improvement in business confidence in May. EUR/USD continues to rise during the European session. The monthly survey carried out by the Ifo Institute in Germany has shown on Monday that the business climate index improved to 93 points in May from 91.9 seen in Aprilbeating the market expectation of 91.4. […]
Tag: Sentiment
USD/JPY Price Analysis: Posts Minimal Losses but Holds on to 127.75
USD/JPY loses for the second week in a row, 1.10%. The USD remained strong in the session, buoyed by a sour market mood, as US stocks hit new 52-week lows. USD/JPY Price Forecast: Ranged, Lacking Catalyst That Can Rock The Ship. The USD/JPY continues to fall for the third day in a row, although the […]
The S&P 500 index recovers the 3,900 level but remains in negative territory
The S&P 500, the Dow Jones and the Nasdaq posted losses in a risk-off environment. The dollar index falls more than 1.50%, dragged down by the fall in US Treasury yields; gold rebounded. US equities recovered some ground during the day, but remains poised to finish lower, despite efforts by investors for a last-minute rally. […]
Forex Today – Asian Session: Risk Aversion Paused, Dollar Pulls Back Modestly
What you should know on Tuesday, May 17: The US dollar appreciated at the start of the week but ended the day with modest losses against most rivals as equity markets turned around. European indices closed mixed, but Wall Street managed to post gains. The EUR/USD pair ended the day around 1.0430, with limited upside […]
Forex Today: Modest Improvement in Market Mood Ahead of Mid-Level Data
This is what you need to know to trade today friday may 13: After posting its highest close in nearly two decades at 104.75, the US Dollar Index is trading lower early Friday amid an improving market environment. Euro zone industrial production data will be seen for a fresh boost ahead of export price index […]
Eurozone: Sentix investor confidence worsens to -22.6 points in May vs. -20.8 expected
Eurozone investor sentiment has fallen sharply in May 2022according to the latest data published by the research group Sentix have shown on Monday. The indicator has fallen to -22.6 points in May from -18 seen in April and against -20.8 expected. The index has fallen to its lowest level since June 2020, while the signs […]
It is clinging to 130.45 and is posting gains for five consecutive weeks
USD/JPY is about to post its modest weekly gains in the last five weeks, up 0.47%. High US Treasury yields led by the 10-year bond, reaching 3.10%, supported the pair. USD/JPY Price Forecast: Bullish bias on the daily chart, while the 4-hour chart shows consolidation around current levels. The USD/JPY posting decent gains during the […]
Will USD bulls push the pair towards parity?
USD/CHF made up all the ground lost after the Fed and is gaining 1.32%. A dismal market mood, fueled by central bank tightening and the covid crisis in China, threatens to disrupt the global economic recovery. USD/CHF Price Forecast: If the bulls retake 0.9900, a move towards parity is on the cards. The Swiss franc […]
Slowly approaching towards 130.00 as a bullish engulfing pattern looms
USD/JPY remains positive as the end of the month approaches, up 5.50%. News from China that Shanghai is about to ease lockdowns lifted investors’ spirits. USD/JPY Price Forecast: A Bullish Engulfing Pattern on the daily chart opens the door to a yearly high. The USD/JPY bounces from Tuesday’s lows and rises above 128.00, attributed to […]
The bears push the pair below 0.7400 and target the 50 DMA
The Australian dollar started the week on the wrong foot, falling 0.64%. Geopolitics, a firm US dollar and mixed economic data from China weighed on the AUD. AUD/USD Price Forecast: A failure to recover from 0.7500 could keep the pair pressured lower. Australian dollar extends losses below 0.7400, hit by a depressed market mood courtesy […]
