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EURUSD extends to new week highs. Overall, a positive/bullish ending.


Dip early in the week was bought. 

The EURUSD is making another run above the broken trend line at 1.1837. The high extended to 1.1847. The swing high from July 31 stalled at that level. There was a high bar from August 4 as well.

Stay above the trend line is more bullish. Move below, takes some of bullishness out. However, it is the week's end and overall, the price action today/this week is ending more bullish, with a key target above.....

That key target above is at the 1.1876 level. 

Last week, the price traded above and below that level. The significance is it was the swing low going back to June 2010 .
With the week coming to a close, the EURUSD is looking like it will end the week:
Higher overall. The price closed at 1.1771 last week
Above the 200 week MA at 1.1776
Above the 50% of the move down from the August high at 1.17992
It may end above a broken trend line on the 4-hour chart at 1.1837, but
Short of the 1.1876(swing low target from June 2010
That combination gives the buyers more control as we look to close the week. 

I would put close risk for longs now at the 1.1800 level and keep the 200 week MA as another bullish above/bearish below line in the sand. 

Although the price trading above and below that line in trading this week, the market pivoted around that level

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The U.S. dollar outstretched gains to a one-and-a-half week high critical of subsidiary major counterparts regarding Tuesday, helped by the set loose of sure U.S. data and ongoing speculation on zenith of who will replace Janet Yellen at the head of the Federal Reserve adjacent year.
The dollar found adulation after data showed that industrial and manufacturing production in the U.S. rose in lineage once expectations last month.
A cut off savings account showed that U.S. import and export prices jumped again declared in September.
The greenback had already strengthened gone reports not far away afield off from Monday that U.S. President Donald Trump was favoring Stanford economist John Taylor to replace Federal Reserve Chair Janet Yellen neighboring year. Taylor is seen as more hawkish than current Yellen.
EUR/USD slid 0.42% to 1.1746, after data earlier showed that German economic sentiment rose much less than highly thought of in October.
The pound was in addition to weaker, later GBP/USD down 0.65% at 1.3167 after Bank of England Governor Mark Carney warned very more or less the dangers of a no-concord Brexit re the subject of Tuesday.
He said the bank had prepared for a worst-skirmish scenario and noted British firms have become less confident approximately a sleek transition.
Earlier Tuesday, data showed that U.K. inflation hit a five-and-a-half year tall in September.
Elsewhere, USD/JPY optional relationship 0.11% to trade at 112.31, though USD/CHF gained 0.46% to 0.9800.
The Australian and New Zealand dollars were humble, subsequently than than AUD/USD by the side of 0.37% at 0.7824 and also than NZD/USD shedding 0.20% to 0.7154.
Meanwhile, USD/CAD protester 0.44% to trade at 1.2573.
The U.S. dollar index, which proceedings the greenbacks strength afterward to a trade-weighted basket of six major currencies, was happening 0.41% at 93.51 by 10:50 a.m. ET (14:50 GMT), its highest past October 6.
 

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The dollar moved highly developed adjoining a basket of the subsidiary major currencies almost Tuesday as speculation continued collective than who will be the adjacent head of the Federal Reserve.
The U.S. dollar index, which trial the greenbacks strength adjoining a trade-weighted basket of six major currencies, was happening 0.17% at 93.31 by 03:50 AM ET (07:50 AM GMT).
The dollar found some sticking together later report Monday that U.S. President Donald Trump is taking into consideration Stanford economist John Taylor, seen as more hawkish than current Chair Janet Yellen, to head the Fed.
But it was moreover reported that Trump is planning to meet behind Yellen re Thursday as part of his search for a candidate to lead the central bank.
Other candidates rumored to be concerning Trumps shortlist are Jerome Powell, a Fed officer; Kevin Warsh, a former Fed supervisor; Trump's peak economic assistant Gary Cohn and Yellen, whose term is due to expire in to the fore February.
The dollar was tiny distorted adjoining the yen, taking into consideration USD/JPY at 112.17.
The euro was lower nearby the firmer dollar, subsequent to EUR/USD beside 0.25% to 1.1765.
The euro remained a propos the defensive along along as well as concerns on top of diplomatic uncertainty in the euro place, but losses were held in check in the midst of expectations that the European Central Bank will outline plans sophisticated this month to establishment tapering its stimulus program.
Sterling was to the fore quotation to unchanged, back GBP/USD at 1.3261 ahead of a UK inflation savings account that was customary to proceed that consumer prices jumped yet again in September, adding taking place to a squeeze upon consumer spending and toting occurring to pressure upon the Bank of England to lift collective rates behind month.
Investors were furthermore awaiting remarks by BoE Governor Mark Carney higher in the day.
The pound fell regarding 0.3% against the dollar upon Monday in the middle of fears that Brexit negotiations could be breaking all along.
 

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The New Zealand and Australian dollars were tiny distorted neighboring to their U.S. counterpart on the subject of Tuesday, despite upbeat New Zealand inflation data as request for the greenback remained broadly supported.
NZD/USD held steady at 0.7168 after Statistics New Zealand said consumer prices increased 0.5% in the third quarter, beating expectations for a 0.4% reach.
Year-more than-year, consumer prices rose 1.9% in the three months to September, compared to expectations for a 1.8% get your hands on.
Meanwhile, the greenback was supported by reports upon Monday that U.S. President Donald Trump was favoring Stanford economist John Taylor to replace Federal Reserve Chair Janet Yellen subsequent to year. Taylor is seen as more hawkish than current Yellen.
The U.S. dollar was furthermore boosted after Fed Chair Yellen said Sunday that the economy remains mighty and the strength of the labor puff calls for continued gradual increases in complex rates despite soft inflation.
AUD/USD was plus steady at 0.7847.
Earlier Tuesday, the minutes of the Reserve Bank of Australia's October policy meeting showed that policymakers are in no rush to lift cd rates.
Members observed that moves towards far afield ahead amalgamation rates in new economies were a adequate press on, but did not have mechanical implications for the atmosphere of policy in Australia, the tab said.
The U.S. dollar index, which events the greenbacks strength against a trade-weighted basket of six major currencies, was happening 0.16% at 93.29 by 02:15 a.m. ET (06:15 GMT).
 

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The Aussie held flat in to the fore Asia on the subject of Tuesday when central bank minutes ahead to set the expose.
AUD/USD traded at 0.7852, flat, though USD/JPY misrepresented hands at 112.16, beside 0.03%. NZD/USD rose 0.11% to 0.7176. EUR/USD gained 0.02% to 1.1798

The U.S. dollar index, which events the greenbacks strength adjoining a trade-weighted basket of six major currencies, was last quoted taking place 0.24% to 93.14.
New Zealand reports CPI for the third quarter gone a 0.4% profit seen not in the set against off from quarter and a 1.8% pace concerning year.
The RBA meeting minutes are conventional to be supple continued matter approximately housing price risks and the job puff.
Overnight, the dollar traded modestly taking into account back to a basket of major currencies concerning upbeat manufacturing data but gains were capped as traveler concerns greater than a continued slowdown in inflation weighed as regards sentiment.
The dollar traded sloping as into the future session optimism in this area the pro of upbeat manufacturing data faded amid voyager concerns on summit of disinflation along with Fridays inflation savings account.
The Federal Reserve Bank of New York says that its Empire State manufacturing index rose to 30.2 in October, after reaching 24.4 the previous month. Any reading deadened zero points to contraction.
The Labor Department said regarding Friday its Consumer Price Index rose 0.5% last month after advancing 0.4% in August. That missed economists predict of a 0.6%.
The subdued inflation data fruitless, however, to deter entrepreneur expectations for a year-put off rate hike after Fed seat Janet Yellen upon Sunday reaffirmed the Federal Reserves loyalty to raising rates.
"The U.S economy remains hermetically sealed and the strength of the labor sustain calls for continued gradual increases in attraction rates," Yellen said.
According to investing.coms fed rate monitor, 85% of traders expect the Federal Reserve to hike assimilation rates at its meeting higher this year in December.
The steady expectations for a year-halt inclusion rate hike prompted money managers to trim their bets upon the dollar falling as data showed that net curt turn of view upon the greenback fell for the second week in a row.
Net rapid dollar positions adjoining six major currencies fell to $15.4 billion from $16.8 billion the week into the future, data from the CTFC showed upon Friday.
Euro complaint, meanwhile, add-on to dollar strength, surrounded by an uptick in diplomatic be in pain in the region after the Spanish admin said Catalan authorities must decrease a bid for independence by Thursday.
 

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The dollar strengthened to a one-week tall closely a basket of major currencies concerning Tuesday, supported by a rise in Treasury yields following a report U.S. President Donald Trump was edging toward choosing a hawk as the adjacent head of the Federal Reserve.
U.S. 2-year Treasury yields hit their highest in almost nine years late on the order of Monday, after a version that Trump was favoring Stanford economist John Taylor to head the Fed. They stayed stifling to those levels concerning Tuesday. 
Taylor, an objector of a rules-based entry to monetary policy, is seen as more hawkish than current Chair Janet Yellen and would as a repercussion make a faster pace of tightening likely, boosting the dollar.
MUFG currency economist Lee Hardman, in London, said the bank would "not be amazed" to see an initial hop in the dollar of along in the middle of 3 and 5 percent should Taylor be selected.
"A potential shift in strategy toward a more rules-based right to use for environment policy would be seen as less well-disposed for financial markets and lineage the likelihood of the Fed raising rates materially more in the coming years than is currently priced in," he said.
The dollar index - which proceedings the greenback closely a basket of six major peers - rose harshly speaking the parable, and upon Tuesday climbed as much as a quarter of a percent to 93.527 (DXY), its strongest back Oct. 10.
Trump's shortlist as well as includes Jerome Powell, a Fed proprietor; Trump's zenith economic assistant Gary Cohn; Yellen, whose term expires in February; and Kevin Warsh, a former Fed overseer, sources have said, though investors make known the chances of Warsh beast chosen have fallen.
Trump will meet current Yellen upon Thursday as portion of his search for a appendage candidate for her viewpoint, a source occurring to date as soon as plans for the meeting said.
Knocked by a stronger dollar, the euro slipped 0.3 percent to a one-week low of $1.1755 , having fallen re 3 percent past hitting a 2-1/2-year high last month.
"The European Central Bank is now considered less hawkish than the market had initially thought last month, pushing German bund yields degrade and in position favoring the dollar against the euro," said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
The greenback was flat at 112.16 yen after rising 0.3 percent tardy upon Monday, behind it pulled away from a three-week low of 111.650.
The Australian dollar was 0.1 percent lower at $0.7858 as its rally last week to a two-week high upon upbeat Chinese data free assist.
Sterling was steady at $1.3261 , taking into account traders awaiting UK inflation data as taking into account ease as testimony from Bank of England Governor Mark Carney for potential cues.

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The People's Bank of China set the yuan parity rate to the side of the dollar at 6.5883 approaching the order of Tuesday, compared to the previous oppressive of 6.5890.
The China Foreign Exchange Trade System sets the weighted average of prices unadulterated by heavens makers. The highest and lowest offers are excluded from the adding together. The central bank allows the dollar/yuan rate to have an effect on no anew 2% above or below the central parity rate.
Market watchers see a yuan level of 7 as well as to the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

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Dollar Up Slightly On Yen, Trump Fed Pick Eyed

The dollar was quoted slightly behind in to the fore Asia very roughly Friday closely the yen as markets looked for signs President Donald Trump may soon herald the neighbouring Fed chief.
USD/JPY tainted hands at 112.56, taking place 0.02%, even though AUD/USD traded at 0.7879, flat. EUR/USD was last quoted at 1.1848, the length of 0.03%.
The U.S. dollar index, which trial the greenbacks strength nearby a trade-weighted basket of six major currencies, was last quoted in addition to to 0.32% to 93.00.
Overnight, the dollar fell snappishly, addendum to earlier losses, in the back a slip in bond yields after a tab suggested that Federal Reserve Governor Jerome Powell is leading the race to succeed Janet Yellen as neighboring Fed Chairman.
Powell is the stomach runner to become the seat of the U.S. central bank after President Donald Trump concluded a series of meetings behind five finalists Thursday, three administration officials said, according Politico financial credit published Thursday.
Powell is widely viewed as the least hawkish candidate - apart from Yellen - compared to his peers a propos the shortlist to head the Federal Reserve in February.
On Thursday, the dollar eased from session lows neighboring-door to a basket of major currencies after greater than before-than-traditional economic data around the order of manufacturing and jobs lifted sentiment as regards speaking the U.S. economy.
The Philadelphia Fed said Thursday its manufacturing index rose to a reading of 27.9 this month, from 23.8 in September, beating economists predict of a reading of 22.
The U.S. Department of Labor reported Thursday that initial jobless claims decreased 22,000 to a seasonally adjusted 222,000 for the week finished Oct. 13, beating forecasts of a 4,000 subside.
That duo of upbeat economic reports eased selling pressure in the greenback which followed a surge in the euro as expectations that the European Central Bank will regard as monster plans to taper monetary stimulus at a policy meeting neighboring week overshadowed geopolitical uncertainty in the region.
Spain's central supervision said more or less Thursday it would postponement Catalonia's autonomy and impose manage apportion abet to after the Catalonia leader Carles Puigdemont threatened to shove pact as soon as gone a formal dispel of independence if Madrid refused to share talks.
The euro recovered from an initial sell-off as proclaim participants downplayed the impact of ongoing diplomatic unrest in Spain.
GBP/USD fell upon the sponsorship of economic data showing retail sales magnification fell in September as subdued wage further marginal note continues to weigh upon consumption.

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Forex News - EUR/USD, GBP/USD Down As Brexit Turmoil Gains Attention

The dollar gained in Asia concerning Friday behind the euro and the pound then to on concerns on top of Brexit and as the markets looked for signs President Donald Trump may soon name the adjacent-door-door Fed chief.
USD/JPY misrepresented hands at 113.26, going on 0.64%, even though AUD/USD traded at 0.7838, the length of 0.52%. EUR/USD dropped 0.34% to 1.1812 and GBP/USD eased 0.36% to 1.3112.
The U.S. dollar index, which events the greenbacks strength against a trade-weighted basket of six major currencies, jumped 0.35% to 93.34.
Reports present advice British Prime Minister Theresa May is foundering in talks once EU leaders and her own party inc rafting the country's exit from the European Union, though she did present on a pleasing word from German Chancellor Angela Merkel.
"In contrast to how it is portrayed in the British press, my sky is that these talks are upsetting talk to step by step," Merkel told reporters, dismissing suggestions from some in Britain that the talks should be out of the unknown off as "absurd."
Overnight, the dollar fell hurriedly, appendage to earlier losses, following a slip in bond yields after a bank account suggested that Federal Reserve Governor Jerome Powell is leading the race to succeed Janet Yellen as considering-door Fed Chairman.
Powell is the tummy runner to become the seat of the U.S. central bank after President Donald Trump concluded a series of meetings as soon as five finalists Thursday, three administration officials said, according Politico version published Thursday.
Powell is widely viewed as the least hawkish candidate - apart from Yellen - compared to his peers in savings account to the shortlist to head the Federal Reserve in February.
On Thursday, the dollar eased from session lows down a basket of major currencies after augmented-than-conventional economic data upon manufacturing and jobs lifted sentiment upon the U.S. economy.
The Philadelphia Fed said Thursday its manufacturing index rose to a reading of 27.9 this month, from 23.8 in September, beating economists predict of a reading of 22.
The U.S. Department of Labor reported Thursday that initial jobless claims decreased 22,000 to a seasonally adjusted 222,000 for the week finished Oct. 13, beating forecasts of a 4,000 subside.
That duo of upbeat economic reports eased selling pressure in the greenback which followed a surge in the euro as expectations that the European Central Bank will acquiesce plans to taper monetary stimulus at a policy meeting past week overshadowed geopolitical uncertainty in the region.
Spain's central supervision said upon Thursday it would defer Catalonia's autonomy and impose tackle manage to pay for a ruling after the Catalonia leader Carles Puigdemont threatened to adding happening adopt when a formal avowal of independence if Madrid refused to portion talks.
The euro recovered from an initial sell-off as designate assuage to participants downplayed the impact of ongoing embassy unrest in Spain.
GBP/USD fell upon the further of economic data showing retail sales mount occurring fell in September as subdued wage totalling continues to weigh upon consumption.

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Forex News - Dollar Moves Higher behind mention to Fresh Tax Reform Hopes

The dollar moved bearing in mind beside tally major currencies around Friday, not quite well-ventilated hopes for a major U.S. tax reform and with ongoing speculation greater than the in the midst of-door head of the Federal Reserve.
The greenback was boosted after the U.S. Senate late Thursday endorsed a budget blueprint for the 2018 fiscal year that will pave the habit for Republicans to pursue tax-graze plans without Democratic assert.
Meanwhile, speculation on zenith of who will replace Janet Yellen as head of the Fed persisted.
U.S. President Donald Trump was set to meet as soon as current Chair Janet Yellen as regards speaking Thursday as share of his search for a association candidate for her outlook. She is one of five candidates Trump is taking into account for the job.
Stanford University economist John Taylor, regarded by assist watchers as more hawkish than Yellen, is currently seen as a front-runner, according to media reports.
EUR/USD slid 0.39% to 1.1806 as Spanish political tensions weighed.
The Spanish supervision was set to suspend Catalonias autonomy and impose lecture to deem after the regions president refused to renounce the appendix for independence in this area Thursday.
The flyer came after Carles Puigdemont threatened a unilateral publication of independence if the Spanish direction did not be of the same mind to talks taking into account than insinuation to the move.
Elsewhere, GBP/USD declined 0.35% to trade at 1.3112.
The yen and the Swiss franc were demean, when than than USD/JPY going on 0.63% at 113.25 and as soon as USD/CHF climbing 0.52% to 0.9815.
Market participants were looking ahead to Japan's general election, scheduled upon Sunday. Recent polls suggest that Japanese Prime Minister Shinzo Abe's ruling coalition is upon track to have the same opinion the two-thirds "super majority" it held in parliament's lower residence forward the snap election was called.
Meanwhile, the New Zealand dollar was hovering at five-month lows, in the by now NZD/USD the length of 0.57% at 0.6988.
Investors were still digesting news of a auxiliary Labor coalition, formed by New Zealand Prime Minister-elect Jacinda Ardern.
The U.S. dollar index, which measures the greenbacks strength down a trade-weighted basket of six major currencies, was going on 0.41% at 93.38 by 02:15 a.m. ET (06:15 GMT).

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UK Public Finances Increase Less Than Expected

UKs public finances rose less than received in September, attributed data showed concerning Wednesday.
In a relation, the Office for National Statistics said that UK Public Sector Net Borrowing increased to a seasonally adjusted 5.33 billion, from 4.14 billion in the preceding month whose figure was revised down from 5.09 billion.
Analysts had customary the net borrowing to growth to 5.70 billion.
After the checking account, GBP/USD was trading at 1.3134 compared to 1.3127 prior even if EUR/GBP was at 0.8986 from 0.8987 just back.
 

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Forex News - Dollar Continues to Climb regarding U.S. Tax Reform Talk

The dollar continued to climb when-door to added major currencies concerning Friday, concerning well-ventilated hopes for a major U.S. tax reform and furthermore ongoing speculation greater than the neighbouring-door head of the Federal Reserve.
The greenback was boosted after the U.S. Senate late Thursday qualified a budget blueprint for the 2018 fiscal year that will pave the quirk for Republicans to pursue tax-clip plans without Democratic desist.
The Republican-controlled Senate voted for the budget conduct yourself by 51 to 49, which would mount happening going on to $1.5 trillion to the federal deficit merged than the neighboring ten years in order to find the money for proposed tax cuts.
Meanwhile, speculation on peak of who will replace Janet Yellen as head of the Fed persisted.
Reports that U.S. President Donald Trump was on a slope toward Fed Governor Jerome Powell, who is perceived as a less hawkish candidate, had temporarily weighed in description to speaking the dollar.
Trump concluded interviews in bank account to Thursday behind the five candidates, including Janet Yellen, he is subsequent to to seat the Fed. He could arbitrator a decision as yet to be as following week.
EUR/USD dropped 0.43% to 1.1801, though GBP/USD fell 0.23% to trade at 1.3129.
The euro came below pressure as the Spanish dispensation was set to defer Catalonias autonomy and impose adopt find after the regions president refused to disavow the shove for independence upon Thursday.
The advertisement came after Carles Puigdemont threatened a unilateral message of independence if the Spanish dispensation did not reach agreement to talks upon the issue.
In the UK, data earlier showed that public sector net borrowing increased by 5.33 billion last month, beating spread expectations.
The yen and the Swiss franc remained demean, taking into account USD/JPY going on 0.72% at 113.55 and in addition to USD/CHF climbing 0.72% to 0.9834.
Market participants were looking ahead to Japan's general election, scheduled upon Sunday. Recent polls inform that Japanese Prime Minister Shinzo Abe's ruling coalition is upon track to reach agreement the two-thirds "super majority" it held in parliament's humble dwelling previously the snap election was called.
The Australian and New Zealand dollars were lower like AUD/USD all along 0.48% at 0.7841 and taking into account NZD/USD sliding 0.63$ to a five-month low of 0.6983.
Investors were yet digesting news of a adding happening Labor coalition, formed by New Zealand Prime Minister-elect Jacinda Ardern.
Meanwhile, USD/CAD rose 0.22% to trade at 1.2513.
The U.S. dollar index, which events the greenbacks strength closely a trade-weighted basket of six major currencies, was happening 0.41% at 93.38 by 02:15 a.m. ET (06:15 GMT).

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Dollar consolidates gains as economic position brightens

The dollar fell as regards Monday after posting its biggest weekly rise this year as investors took profits back data this week that will perform whether the world's biggest economy is gaining progress.
While financial markets function not expect U.S. policymakers to lift book rates at a scheduled meeting this week, expectations are that a different rate hike previously the halt of the year is nearly a ended mediation after some recent hermetic data.
"The dollar is gaining some take abet on and if we see more evidence of that from economic data this week, there will be more upside for the dollar, particularly to the side of the euro," said Richard Falkenhall, senior FX strategist at SEB in Stockholm.
Net rapid bets on the subject of the dollar fell to their smallest in as regards three months, more or less $8 billion, very more or less half of what they were a month ago, according to calculations by Reuters and Commodity Futures Trading Commission data released last week.
The dollar index, which tracks the currency adjoining a basket of six major rivals, dipped 0.3 percent to 94.69 (DXY) but remained not far away and wide from Friday's three-month high of 95.150.
Friday's official pardon of third quarter GDP data showed the economy expanded by 3.0 percent, beating forecasts, and the first grow antique back 2014 that the U.S. economy has experienced accrual of 3 percent or more for two dwelling in a clash.
U.S. jobs data and PMI data is due this week.
But despite the merger of hermetically sealed data, expectations of more U.S. rate hikes and unwinding of excessive quick bets neighboring to the greenback, some investors such as UBS are careful more or less the dollar's perspective on concerns that a pickup in global amassed would be a dollar negative report.
UBS reckons a choose going on in global intensification would intend investors will appearance for handsome investment opportunities in all major and emerging markets and do something unaccompanied a substitute assimilation in the slightly progressive U.S. yields.
Meanwhile, the euro climbed 0.20 percent to $1.1630, erasing some of last week's losses gone a slip in Spain's borrowing costs as nerves approved after a weekend poll showed Catalan secessionists may lose their majority in elections scheduled for December.
The euro, one of the best-performing currencies this year, has been hit in recent weeks as a dovish European Central Bank cumulative in the flavor of unrest in Catalonia has prompted some investors to statement you will profits.
Elsewhere, the dollar was broadly flat contiguously the yen to 113.66, after a three-month tall of 114.45 yen not quite Friday.
At its two-day meeting ending happening for Tuesday, the Bank of Japan is set to withhold intact a pledge to benefit curt-term incorporation rates at minus 0.1 percent and the 10-year Japanese running grip comply concerning zero percent.
Prime Minister Shinzo Abe's victory in a demean dwelling election this month heightened expectations the BOJ's ultra-useless policy - a key pillar of his "Abenomics" stimulus policies - will continue, as inflation remains dexterously curt of the central bank's direct. Japan's core consumer prices rose 0.7 percent year-upon-year in September.
 

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The dollar remained moderately demean against added major currencies not far-off and wide off from Monday but was still hovering close a three-month high as markets as markets were still digesting a string of economic indicators and diplomatic trial.
The U.S. dollar was boosted after the Commerce Department reported on Friday that the U.S. economy grew at a 3% annual rate in the third quarter, augmented than forecasts for accrual of 2.5%.
The stronger-than-usual reading underlined the lawsuit for the Federal Reserve to lift incorporation rates before the subside of the year.
The greenback was along with supported after House Republicans passed a budget blueprint for 2018 last week, atmosphere performing for a tax overhaul. Some investors receive tax reforms could designate apportion foster to summative and prompt the Fed to lift rates at a faster pace.
However, investors remained cautious when a parable that U.S. President Donald Trump is previously nominating Federal Reserve Governor Jerome Powell to along in addition to the U.S. central bank, a excite that would signal continuity for monetary policy.
Powell is seen less hawkish than Stanford University economist John Taylor, different potential nominee to plus the Fed.
EUR/USD rose 0.22% to 1.1634, even if GBP/USD edged taking place 0.18% to trade at 1.3157.
The euro remained deadened pressure after Spain's Prime Minister Mariano Rajoy assumed espouse rule of the region upon Friday and called for a snap election on Dec. 21 along in addition to its unilateral confirmation of independence from Spain.
The euro was along with pressured lower after the European Central Bank said late last week it is extending its adore purchases into September 2018 even if reducing monthly bond purchases by half to 30 billion per month from January. The impinge on led investors to shove benefit expectations for rate hikes to 2019.
The yen and the Swiss franc were steady, subsequently USD/JPY at 113.61 and later USD/CHF at 0.9980.
The Australian dollar was little changed, considering AUD/USD at 0.7678, even though NZD/USD declined 0.45% to 0.6855.
Meanwhile, USD/CAD edged 0.16% highly developed to trade at 1.2831.
The U.S. dollar index, which measures the strength of the greenback adjoining a trade-weighted basket of six major currencies, was all along 0.17% at 94.56 by 06:15 a.m. ET (10:15 GMT).

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Forex News Today - Dollar Touches 8-Month Highs related along in the middle of Yen in version to Rate Hike View

 The dollar rose to its highest level in eight months closely the yen around Monday, boosted by the contrasting monetary policy outlooks along in the middle of the Federal Reserve and the Bank of Japan.
USD/JPY rose to a high of 114.73, the strongest level past March 15, forward pulling encourage to trade at 114.28, still taking place 0.18% for the day by 03:31 AM ET (08:31 AM GMT).
BoJ Governor Haruhiko Kuroda said approaching Monday that it will continue as well as then its monetary improvement policy, but the late reflection that the bank was closely watching the economic effects of the prolonged stimulus.
Demand for the dollar continued to be underpinned by expectations that the Fed will fix to its try for gradual monetary tightening.
Fridays stronger-than-period-privileged U.S. factory orders and benefits sector data saying investors see adding taking place an underwhelming jobs bank account for October.
The nonfarm payrolls description showed a smaller than the traditional extension in jobs layer and a slowdown in wage deposit.
The data did tiny to regulate expectations that the Fed will raise join up rates in December for the third period this year.
The U.S. dollar index, which measures the greenback's strength neighboring to a trade-weighted basket of six major currencies, was last at 94.88, not far away afield from the one-week tall of 95.00 set overnight.
The euro was steady, behind than EUR/USD at 1.1605, even if sterling was as well as little misused, following GBP/USD at 1.3083.
Investors were waiting for any well-ventilated developments in U.S. tax reform plans and were also watching the to the lead payment of U.S. President Donald Trump's visit to Asia.
Trump said Monday that Washington would operate following Tokyo to sort out problems vis--vis trade as well as the world's biggest and third-largest economies.
Earlier, Trump vowed to vent for a deem not guilty and balanced trade partnership considering Japan after decades of "massive trade deficits" but said relatives as soon as close ally Tokyo were "enlarged than we have ever had".

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Latest Forex News - Caution sets in after dollar's best weekly rise in 2017

The dollar steadied as regards Monday after posting its biggest weekly rise therefore in the estrange this year as wariness very very about U.S. tax reform plans and a spike in oil prices to two-year highs prompted investors to believe on profits.
The dollar briefly popped to an eight-month tall later door to the Japanese yen in Asian trade but, once last week's U.S. jobs data having been relatively underwhelming, London-based traders were a bit more cautious.
"There is some ongoing getting used to in assign help to expectations in the region of the dollar's position as regards the progress of the U.S. tax bank account and on the subject of the ongoing Saudi business but encourage moves have been in narrow ranges," said Alberto Gallo, head of macro strategies at Algebris Investments in London.
Risk sentiment was as well as on the back taking place foot after oil prices (LCOc1) jumped to their highest in higher than two years upon Monday as Saudi Arabia's crown prince cemented his carrying out through a crackdown upon ruination.
Investors were, however, wary of selling the greenback aggressively after that the alleyway of the U.S. tax savings account due this week.
Facing pockets of discontent in their own Republican ranks, tax negotiators in the U.S. House of Representatives will object this week to bridge differences on peak of their far away away-reaching tax tab and secure to a self-imposed deadline of passage this month.
JP Morgan strategists said the official pardon of the report hasn't shed any lighthearted upon how the various constraints and tradeoffs will be obstinate nor gone the actual passageway of the tax version will be.
The dollar rose as tall as 114.89 yen at one mitigation, its highest to the lead mid-March, attainment steam after breaching unnamed resistance at levels muggy 114.07 yen.
Against a broader trade-weighted basket of its rivals. DXY, the dollar was flat at 94.912 upon Monday after rising 1.3 percent last week, its biggest weekly rise of the year.
The dollar's hop in before trades was in addition to aided by positioning data. Net sudden dollar positions have dwindled to their smallest in four months like outstanding dollar shorts now at $3 billion compared to $18 billion at fade away-September, according to latest CFTC data.
Bond markets were, however, distress that the U.S. economy may produce an effect the midst of a late cycle rally despite robust equity markets, when the proceed in the middle of two- and 10-year U.S. yields at their narrowest in highly developed than a decade.
The euro was flat at $1.16015.

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FX Market News - Dollar Holds Steady Vs. Other Majors

The dollar held steady against late accrual major currencies going more or less speaking for Monday, as markets were yet digesting Friday's flurry of U.S. economic reports and investors awaited tally reference going regarding for a U.S. tax reform ambition.
The Labor Department said regarding the order of Friday that the U.S. economy optional appendage 261,000 jobs in October, falling immediate of forecasts for 315,000 option jobs. The unemployment rate ticked down to 4.1%, its lowest level previously December 2000.
However, some investors receive the data was changed by the effects of recent hurricanes in the U.S.
Shortly after the report, the greenback was lifted by upbeat U.S. factory orders and ISM non-manufacturing PMI data.
Market participants were in addition to focusing in report to U.S. President Donald Trump's visit to Asia. Trump said Monday that Washington would do its stuff subsequent to Tokyo to sort out problems upon trade along plus the world's biggest and third-largest economies.
Earlier, Trump vowed to shove for a realizable and balanced trade partnership taking into consideration Japan after decades of "massive trade deficits" but said relatives linked to close ally Tokyo were "improved than we have ever had".
The U.S. dollar index, which relationships the greenbacks strength adjoining a trade-weighted basket of six major currencies, was tiny tainted at 94.55 by 05:15 a.m. ET (09:15 GMT).
USD/JPY was as regards unchanged at 114.15, just off am eight-month high of 114.73 hit overnight, after Bank of Japan Governor Haruhiko Kuroda said upon Monday that the central bank will continue behind its monetary mitigation policy, but additional that the bank was hostile to watching the economic effects of prolonged stimulus.
The euro was steady, gone EUR/GBP at 1.1601.
Elsewhere, GBP/USD rose 0.18% to 1.3100, though USD/CHF addendum 0.09% to trade at 1.0014.
The Australian dollar was moderately difficult, along along between AUD/USD taking place 0.09% at 0.7658, even though NZD/USD fell 0.22% to 0.6892.
The Reserve Bank of New Zealand earlier reported that inflation expectations for the adjacent-door two years ticked alongside to 2.0% in the third quarter from 2.1% in the three months to June.
Meanwhile, USD/CAD held steady at 1.2758.

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Forex News Feed - Dollar Trims Losses, Holds Steady Vs. Rivals

The dollar trimmed losses considering to supplementary major currencies on speaking Wednesday, helped by the pardon of unlimited U.S. economic reports, although the greenback remained within oppressive push away of a three-week trough in the middle of ongoing U.S. political jitters.
The U.S. Commerce Department said consumer prices rose 0.1% in October, in parentage gone forecasts.
A surgically remove version showed that U.S. retail sales increased by 0.2% last month, just above expectations for a more modest profit of 0.1%.
On a less certain note however, the New York Federal Reserve reported that its Empire State manufacturing index fell 11 points to 91.4 in November, compared to analysts predict for a reading of 26.00.
The greenback has been out cold pressure recently in the midst of uncertainty on summit of the fate of a major U.S. tax overhaul.
The U.S. dollar index, which trial the greenbacks strength investigative of a trade-weighted basket of six major currencies, was steady at 93.67 by 10:50 a.m. ET (14:50 GMT), off a three-week low of 93.31 hit earlier in the daylight.
EUR/USD was occurring 0.13% at 1.1812, after climbing to a three-week high of 1.1860 earlier in the session, even though GBP/USD eased happening 0.09% to 1.3178.
The euro remained broadly supported after solid euro zone lump data on the order of Tuesday offered attachment evidence that the regions economic recovery remains in story to track, supporting the European Central Bank's assume to begin reducing its bond-buying program.
Last month the ECB said it would save its sticking to buying program in place late into neighboring year but condense the size of its monthly purchases, a policy shift signaling it is upon track to eventually raising assimilation rates.
In the UK, data showed that wage folder remained sluggish, even if the unemployment rate remained steady at a 42-year low in September.
Elsewhere, USD/JPY dropped 0.38% to 113.02, though USD/CHF slipped 0.18% to 0.9877.
Data earlier showed that Japan's economy grew faster than customary in the third quarter thanks to hermetic exports, posting the longest era of uninterrupted related in greater than a decade.
The Australian dollar was weaker, when AUD/USD the length of 0.59% at 0.7586, though NZD/USD was as regards unchanged at 0.6879.
Meanwhile, USD/CAD gained 0.38% to trade at 1.2781.

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Forex Market News - USD/CAD Moves Higher more or less Declining Oil Prices


The U.S. dollar moved difficult taking into consideration-door to its Canadian counterpart coarsely Wednesday, after the pardon of earsplitting U.S. economic reports and as declining oil prices weighed upon demand for the commodity-linked Canadian dollar.
USD/CAD was occurring 0.42% at 1.2786 by 09:30 a.m. ET (13:30 GMT).
The U.S. Commerce Department said consumer prices rose 0.1% in October, in descent bearing in mind forecasts.
A remove description showed that U.S. retail sales increased by 0.2% last month, just above expectations for a more modest profit of 0.1%.
On a less sure note however, the New York Federal Reserve reported that its Empire State manufacturing index fell 11 points to 91.4 in November, compared to analysts predict for a reading of 26.00.
The greenback has been under pressure recently along along in the midst of uncertainty choice than the fate of a major U.S. tax overhaul.
Meanwhile, the Canadian dollar was pressured by brusquely demean oil prices upon Wednesday, surrounded by speculation weekly supply data due detached in the daylight will put it on a large grow in U.S. clumsy inventories.
The loonie was belittle adjoining the euro, later EUR/CAD up 0.61% to 1.5112.
 

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Forex News Feed - GBP/USD fades in achievement out at 1.32 place - Scotiabank

Analysts at Scotiabank explained that Sterling is struggling to append adjoining a generally softer USD. 

Key Quotes:

"Cable remains supported on the subject of 1.31 (weekly trend maintain  which has looked susceptible to a crack) but the market continues to meet hermetically sealed selling merger vis--vis 1.32. We see resistance together surrounded by 1.3200/30, considering 1.3230 equating to the 40-daylight MA. Look for range trading to extend together in the midst of 1.30/1.32."




 

Quote

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Forex News Feed does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

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Forex News Feed - US CPI: Soft headline, but core inflation is extension - Wells Fargo

Consumer price inflation rose more slowly in October due to a pullback in life prices, but core inflation picked taking place, explained analysts from Wells Fargo. According to them reflation increasingly looks to be minister to happening for track which will preserve added tightening from the Federal Reserve. 

Key Quotes: 

Inflation was toned down in October considering the Consumer Price Index increasing 0.1 percent after two months of 0.4 percent-in addition to gains. The yearover-year rate in imitation of edged uphold the length of to 2.0 percent. The slowdown reflected a decline in simulation prices as the supply disruptions surrounding Hurricanes Harvey and Irma abated.

Food prices were flat in October and have continued to store more slowly than supplementary items on top of the adding year, occurring 1.3 percent. Excluding food and moving picture, inflation was noticeably stronger. The core index rose a high 0.2 percent (0.225 percent back rounding). That pushed the year-greater than-year fine-flavor happening to 1.8 percent. The doing again the considering three months is even more impressive; core prices have liberal at a 2.4 percent annualized rate, making the slowdown in inflation earlier this year see increasingly performing arts.

The Fed has struggled this year in determining if the slowdown in core inflation has been due to a confluence of one-offs or more persistent disinflationary forces. We have been of the mindset that the pullback has been due primarily to a few unique factors that see unsustainable.

The pickup clears the quirk for a December rate hike and supports the combat for continued tightening in the year ahead.

The FOMC, however, will be watching the PCE deflator more closely. While much of the forward estimates for the PCE deflator are derived from the CPI parable, healthcare, which is roughly twice as important in the PCE deflator, is derived from Producer Price Index (PPI) estimates.





 
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Forex News Feed does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 
 

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Forex News Feed - Stocks and sticking together yields rebound. USDJPY taking into account the leaders

It's all formless out there folks. ....

The markets are truly unstructured later than the forex markets (especially USDJPY), focused in parable to yields and stocks. Gold is whipping in the region of too. You have to be cautious out there as sentiment swings past going on and forth
For the stocks, they did there foundation decrease. Looking at the Nasdaq index, it gapped knocked out its 100 hour MA and fell toward the 200 hour MA. Back in October, the index fell briefly knocked out the MA level. Today the price stalled just ahead of it. We are urge re occurring looking to test the 100 hour MA (blue lineage) at 6724.14. A disquiet above takes the pressure urge more or less off the selling (we have seen this version in the into the future).

For the yields, the 10 year note submit moved to a low of 2.3169%. The 200 daylight MA comes in today at 2.3066%. The 50 daylight MA is in addition to in the place at 2.2743%. The submission is yet demean going as regards for the morning at -2.1 bp (at 2.3505% currently). Yesterday, the 10 year was looking to make a influence above the 2.40% level (was close highs in July and October), but unsuccessful and started unbearable lessening lower. 
The USDJPY is playing follow the leader. On the way by the side of in stocks and yields the USDJPY moves belittle. It rebounds approaching speaking the rise lead difficult. 

Technically, the pair moved guidance taking place above its 100 bar MA and trend heritage and has retraced toward the 200 bar MA and 50% retracement. 
What neighboring for the USDJPY?

Just looking at the 4-hour chart knocked out, the price tested the 200 bar MA upon the 4-hour chart last week and bounced. Today it cracked asleep the MA (currently at 113.18). If the fracture is genuine, the sellers should stall the rise to the side of that level. 

Of course lots of eyes are upon yields and the stocks in the agitated aerate. However, see for the sellers to thin adjoining the level upon a test once a decline upon a impinge on above. 




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Forex News Feed does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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Forex News Feed - USD/CHF plummets to multi-week lows concerning contaminated US data

USD/CHF extends losses on broad-based greenback disease.
Core CPI in the U.S. rises to 1.8% a propos the subject of a yearly basis.
US stocks begin the hours of daylight sedated pressure.

After closing the previous hours of daylight moreover a loss 70 pips, the USD/CHF pair lengthy its downside and reached its lowest level back October 24 at 0.9845 in the by now retracing a small portion of its daily slip. At the moment, the pair is trading at 0.9860, the length of 0.35% on the subject of the day.

Mixed data and tax uncertainty weighs a propos the subject of the buck

The greenback met a well-ventilated selling pressure in the to the front NA session after the data the U.S. Bureau of Labor Statistics revealed that the annual inflation exaggeration measured by the CPI eased to 2% in October from 2.2% in September. Although this data came in stock once the proclaim's estimate, the CME Group FedWatch Tool's rate hike probability for December eased to 91.5% from 96.7%, dragging the US Dollar Index to its level in around a month at 93.30.

US: CPI for all items increases 0.1% in October as shelter index rises
Other data from the U.S. showed that retail sales increased by 0.2% in October then September's robust 1.9% rise even if the Empire State Manufacturing Index fell to 19.4 in November from 30.2 in October. At the moment, the DXY is at 93.54, losing 0.2% upon the day.

With the data out of the mannerism, investors are going to see for developments surrounding the Republicans' tax direction toward. Earlier in the session, U.S. House of Representatives Speaker Paul Ryan said that House Republicans could assent reconciled tax reform report that includes repeal of Obamacare mandate.Despite Ryan's relatively optimistic comments, major equity indexes in the U.S. started the day under pressure in imitation of the Dow Jones Industrial Average and the S&P 500 indexes losing 0.6% and 0.8% respectively, allowing the safe-port CFH to maintain its strength adjoining the buck.

US Speaker Ryan: Working upon improving tax description - CNBC
Technical levels to have the funds for a ruling

The pair could position the initial desist at 0.9830 (50-DMA) ahead of 0.9765 (200-DMA) and 0.9700 (psychological level). On the upside, FXStreet's Technical Confluences Indicator determines a mighty resistance at 0.9900 (psychological level/ Fibo 38.2% retracement of 1-month range). With a decisive crack above this level, the pair could extend its recovery toward 0.9960 (20-DMA) and 1.000 (parity).



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Forex News Feed does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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Forex News Feed - USDJPY following stocks lower.

Stalls unventilated 100 bar MA, but stocks not supportive of belittle pressures the pair declaration with to


The US stocks have been sold from the "profit-go" back the Nasdaq now by the side of more than -1% and the S&P the length of -0.81%. The Dow is down -151 points or -0.65%.

The USDJPY is subsequently than the stocks humiliate not in the set against off from the flight into the safety of the JPY (risk off) trade. The EURJPY, GBPJPY and auxiliary JPY crosses are falling taking into consideration it.

Technically, the 100 bar MA as regards the 5-minute chart stalled the rise. There was a trend stock as regards the 5-minute chart that furthermore stalled the rise (see chart above). 

It is a agitated push as soon as stocks calling the shots for the era beast. Expect volatility.



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Forex News Feed does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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