Monday 23rd September: Weekly technical outlook and review.
Optimism over EU’s Juncker’s comments regarding the possibility of a breakthrough on the Irish backstop turned out to be reasonably short lived. The British pound decisively switched lower vs. the dollar Friday following various EU officials claiming the UK has still not delivered proposals compatible with the principles of the existing Withdrawal Agreement.
Friday 20th September: Light economic calendar may draw technical levels to the forefront of action.
Key risk events today: Canada Core Retail Sales m/m and Retail […]
Thursday 19th September: Slew of Central banks take centre stage today – remain vigilant.
Key risk events today: Australia Employment Change and Unemployment Rate; BoJ […]
Wednesday 18th September: Dollar retreats ahead of today’s FOMC.
The British pound overturned Monday’s dip to sub-1.24 and refreshed tops beyond 1.25 to 1.2526 Tuesday. Renewed dollar weakness, despite upbeat industrial production data (low impact expected), helped regain traction.
Tuesday 17th September: Dollar index eyes 99.00 followed by weekly resistance at 99.62.
The euro lost out to the dollar on safe-haven grounds after the weekend oil site attacks in Saudi Arabia, aided also by dovish comments from ECB’s Lane who underscored the reasons behind last week’s multi-pronged policy easing.
Monday 16th September: Weekly technical outlook and review.
The post-European Central Bank (ECB) advance ran into fresh headwinds off the 1.11 handle Friday, withdrawing to a low of 1.1061 into the closing bell. Retail sales data out of the US favoured the greenback and sent US yields further to the upside.
Friday 13th September: Dollar index struggling to gain traction ahead of retail sales data.
The European Central Bank (ECB) went above and beyond on Thursday in rolling out an enormous stimulus package. The central bank unveiled fresh stimulus measures to bolster the eurozone,
Thursday 12th September: Euro tests 1.10 ahead of ECB policy decisions and President Draghi’s press conference.
Key risk events today: Europe Main Refinancing Rate and Monetary Policy […]
Wednesday 11th September: Dollar index hovering north of weekly support ahead of PPI data.
Key risk events today: US Core PPI m/m; US PPI m/m; […]
