Category: Featured

Key risk events today: BoE Financial Stability Report; ECB Monetary Policy Meeting Accounts; US CPI m/m and Core CPI m/m; RBA Assist Gov. Debelle Speaks; Fed Chair Powell Testifies; FOMC Member Quarles Speaks. EUR/USD: The broad US dollar index fell sharply Wednesday following the Semi-Annual Testimony statement from Federal Reserve chief Jerome Powell. Powell’s comments … Continue reading Thursday 11th July: Dollar remains under pressure following Powell’s dovish comments.

Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Fed Chair Powell Testifies; MPC Member Tenreyro Speaks; FOMC Member Bullard Speaks; FOMC Meeting Minutes. EUR/USD: As dovish ECB chatter increased, the shared currency continued to explore lower ground against its US counterpart … Continue reading Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.

Key risk events today: NAB Business Confidence; Fed Chair Powell Speaks; FOMC Members Bullard and Quarles Speak. EUR/USD: Unable to sustain early gains beyond 1.1234, the EUR/USD settled Monday a few points north of May’s opening level on the H4 timeframe at 1.1211, down 0.09% on the day. In terms of data out of Europe, … Continue reading Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.

Key risk events today: BoJ Governor Kuroda Speaks. EUR/USD: Weekly gain/loss: -1.26% Weekly close: 1.1224 Weekly perspective: Since early November 2018, a long-standing demand area at 1.1119-1.1295 has capped downside. As impressive as this is, impetus is lacking as price is unable to overthrow the 2019 yearly opening level (resistance) at 1.1445. Areas outside of … Continue reading Monday 8th July: Weekly technical outlook and review

Key risk events: Canadian Employment Change and Unemployment Rate; US Average Hourly Earnings m/m; US Non-Farm Employment Change; US Unemployment Rate. EUR/USD: Volatility fell Thursday as US traders celebrated 4th July, leaving the EUR/USD ranging no more than 25 points, with dovish comments from ECB’s Rehn doing little to help the single currency. As markets … Continue reading Friday 5th July: US non-farm payrolls takes centre stage today – remain vigilant.