Wednesday 24th April: Dollar marks fresh 2019 high though may struggle to overthrow weekly resistance at 97.72.
Capital flooded into US markets Tuesday as many traders returned from the long holiday weekend. The US dollar index, or ‘DXY’, refreshed 2019 highs at 97.78, though is likely to find fresh opposition nearby at 97.72, a long-standing weekly resistance.
Tuesday 23rd April: FX markets look to shake off the long Easter weekend ahead of a thin macroeconomic calendar today.
The Australian dollar kicked off the week on a negative footing, down 0.20% against the US dollar. Despite Easter Monday’s thin conditions and an absence of tier 1 data, some analysts state the recent slide was the result of a waning US equity market.
Monday 22nd April: Weekly technical outlook and review.
A brief recap of Friday’s segment on the H4 timeframe witnessed thin trading volume amid Good Friday. Following a mild bottom a few points north of April’s opening level at 1.1221, the EUR/USD spent the remainder of the day fluctuating within a tight range just below 1.1250.
Friday 19th April: Thin trading volume likely ahead as banks close in observance of Good Friday and Easter Monday.
EUR/USD: The single currency ceded ground to the dollar Thursday, following […]
Thursday 18th April: Euro consolidates around 1.13 ahead of today’s Eurozone PMIs
EUR/USD: Trading volume remained thin Wednesday as markets begin edging their […]
Wednesday 17th April: Focus shifts to UK inflation in early London – remain vigilant
EUR/USD: The single currency soured in the face of a healthy […]
Monday 15th April: Weekly technical outlook and review.
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.
Friday 12th April: Dollar boosted on upbeat data – next stop 97.72 weekly resistance?
The US dollar advanced across the board Thursday amid hotter-than-expected macroeconomic data, consequently reclaiming 97.00+ status on the US dollar index.
Thursday 11th April: Dollar reclaims 97.00 to the downside as Fed minutes signals no hikes for 2019.
EUR/USD: Traders certainly had plenty to chew on Wednesday. Although the […]
