The euro gave away its initial gains against the U.S. dollar near 1.2240 due to mixed results in the domestic docket as well as declining yields in the German 10-year reference. The Markit’s flash Manufacturing PMI failed to meet the expectations for the current month. Surprisingly, in the broader Euroland, the same gauge came in …
The U.S. dollar traded near longer than two-week troughs versus major peers on Thursday, which was tracking treasure income lower. No new catalysts were offered to dictate market direction after minutes of the Federal Reserve’s March policy meeting as well. Fed officials remained wary about the coronavirus pandemics’ risks and committed to strengthening monetary policy …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. CADJPY The yen will continue to underperform against the Canadian dollar following a trade deficit report for the month of January. On Tuesday, February 16, Japan posted a -323.9 billion trade balance report which …
Daily Market Charts and Analysis February 18, 2021 Read More »
The U.S. dollar remained on the back foot on January 29 as an imptovement in risk appetite sapped for the safest assets. The U.S. dollar index was slightly changed at 90.566 early in the Asian day. Significantly, it declined by 0.1% overnight. The American currency is still on track for a 0.4% weekly advance following …
The U.S. dollar index has slightly changed at 90.566 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF Local currencies are soaring in Europe after the International Monetary Fund (IMF) downgraded European economies despite the improved global economic outlook. The financial institution now sees a 4.5% GDP growth for fiscal 2021, …
Daily Market Charts and Analysis January 28, 2021 Read More »
The U.S. dollar extended gains versus most currencies as stock market rout triggered by concerts about excessive valuations increased safe-harbour demand for the American currency. Meanwhile, the euro nursed losses after the European Central Bank member warned that interest rate cuts are possible to curb the euro’s recent gains. Risk-sensitive currencies, like the Australian and …
The U.S. dollar extended gains versus most currencies Read More »
The euro boosted on Thursday after the ECB stuck to its monetary policy. The expectation of a massive U.S. stimulus package fuelled market optimism and weakened demand for safe-haven currencies like the greenback. The euro boosted by 0.4% versus the American currency. It traded at $1.2153 a few minutes after the European Central Bank lefts …
The euro boosted by 0.4% versus the U.S. dollar to $1.2153 Read More »
According to the latest news, EUR/USD is trying to get back above the resistance at 1.2130, while the United States dollar is losing ground versus a basket of other currencies. The greenback index fell below the support at the 20 EMA at 90.35. The American currency is slowly moving towards the 90 level. Significantly, if …
The dollar fell below the support at the 20 EMA at 90.35 Read More »
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The dollar headed lower in early European forex trade on Monday, in hopes for a fiscal stimulus package. Traders were looking forward to Congress finally agreeing on a fiscal stimulus package ahead of the Federal Reserve’s policy meeting. At 3:50 AM ET (0750 GMT), the Dollar Index was down 0.4% at 90.562. It was trading …
Dollar Weakens Ahead of Stimulus Talks; Pound Strengthens Read More »
The dollar weakened in the early European forex exchange on Wednesday. Confidence surrounding U.S. fiscal stimulus and the vaccine rollout is growing and prompting traders to seek out riskier currencies. The Dollar Index was down 0.2% at 90.812, at 3:55 AM ET (0755 GMT). It is still only slightly above the recent 2 1/2-year low …
Dollar Weakens as Confidence in Stimulus/Vaccine Grows Read More »
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
The dollar continues to head south in early European forex trade on Thursday. The prompting risk-on trades is caused by optimism over the rollout of vaccines and talk of new U.S. fiscal stimulus. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 90.925. It was trading around levels last seen well …
The dollar weakened in early European forex trade on Wednesday. Vaccine optimism and further fiscal stimulus talks from the United States encouraged higher-yielding currencies. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 91.157. It was hitting its lowest levels since April 2018. EUR/USD climbed 0.2% to 1.2081, its highest in …
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