Tuesday 10th September: Pound prints bullish outside day ahead of UK job’s data.
Europe’s single currency managed to eke out gains versus its US counterpart Monday, although movement was watered-down by the absence of macroeconomic data and a wait-and-see stance ahead of the European Central Bank’s monetary policy meeting later this week.
Wednesday 4th September: Dollar reclaims 99.00 ahead of FOMC members taking the stage today.
Europe’s single currency staged a modest recovery after clocking near 28-month lows versus the US dollar Wednesday. A sharp intraday turnaround in US Treasury bond yields, dismal US ISM Manufacturing PMI data and help from daily demand coming in at 1.0851-1.0950 .
Tuesday 3rd September: Dollar index clocks fresh YTD highs; resistance at 99.62 eyed.
The US dollar index, calculated by factoring in the exchange rates of six major world currencies, continued to realise higher ground Monday. Despite US banks closing in observance of Labour Day, the index clocked fresh YTD highs beyond the 99.00 handle.
Monday 2nd September: Weekly technical outlook and review.
Snapping a two-week bullish phase, the GBP/USD curved lower a few points south of the 2017 yearly opening level at 1.2329 (resistance) last week, set a couple of points beneath a major resistance area at 1.2365-1.2615.
Friday 30th August: Dollar index on track to test 99.00 ahead of consumer spending data.
The buck firmed Thursday as newswires cited easing tensions between the US and China, consequently weighing on the single currency. The US dollar index extended gains for a second consecutive session, challenging 98.50.
Thursday 29th August: Pound testing 1.22 as no-deal Brexit more likely as UK Parliament heads for prorogation.
Key risk events today: German Prelim CPI m/m; Canadian Current Account; […]
Wednesday 28th August: Technical outlook and review.
Europe’s single currency eked out marginal losses versus its US counterpart Tuesday, consequently extending Monday’s losses. On the data front, The US conference board consumer confidence Index declined slightly in August, following July’s rebound.
Tuesday 27th August: Dollar attempting to reclaim 98.00+ status after recouping a large portion of recent losses.
Key risk events today: RBA Deputy Gov Debelle Speaks; MPC Member […]
Monday 26th August: Weekly technical outlook and review.
The US dollar fell sharply across the board Friday amid trade escalations between the US and China. Beijing announced it was slapping tariffs on $75bln of US goods at rates between 5% and 10% in response to the US’ moves to apply tariffs on China in September and December.
