Trading within the parapets of demand at 1.1119-1.1295, the single currency, in the shape of a near-full-bodied bullish candle, wrapped up the week on strong footing.
14
Apr
2019
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12
Apr
2019
Friday 12th April: Dollar boosted on upbeat data – next stop 97.72 weekly resistance?
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The US dollar advanced across the board Thursday amid hotter-than-expected macroeconomic data, consequently reclaiming 97.00+ status on the US dollar index.
11
Apr
2019
Thursday 11th April: Dollar reclaims 97.00 to the downside as Fed minutes signals no hikes for 2019.
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EUR/USD: Traders certainly had plenty to chew on Wednesday. Although the FOMC minutes were in high anticipation, no real surprises emerged with the main takeaway being the majority seeing rates on hold through 2019. The dollar subsequently picked up some lost ground into the event, though was nothing to get excited about. In its place, … Continue reading Thursday 11th April: Dollar reclaims 97.00 to the downside as Fed minutes signals no hikes for 2019.
10
Apr
2019
Wednesday 10th April: Lively day ahead – ECB and the FOMC take centre stage.
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Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result.
09
Apr
2019
Tuesday 9th April: Dollar revisits 97.00 – support likely to develop targeting weekly resistance at 97.72.
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Despite UK PM May hitting the airwaves on Sunday defending her strategy to reach out to opposition Labour, GBP/USD movement hesitated Monday, oscillating between 1.3121/1.2986.