Tag Archives: forex

3 Aug: US$ mixed after ADP jobs data fails to meet expectations. BOE Meeting, Services PMIs in focus today

  Currency markets are more or less unchanged today although it has been a volatile session, with both Cable and the Euro making new multi-year highs before heading back to pretty much near where they started the day. The main interest was in the DJ, which cracked 22,000, boosted by Apple shares and assisted by doubts as to… Read More »

2 Aug: Forecast: FX: US$/Majors

  EURUSD: 1.1806 24 Hour: Neutral Medium Term: Mildly Bullish EurUsd had a choppy session either side of 1.1800, but unable to continue its recent uptrend and leaving the outlook largely unchanged. It could well be that we now chop around near current levels until the NFP on Friday. The ADP is the major data risk today, while… Read More »

1 Aug: US$ under pressure, DJI at record high, WTI back at 50.00. RBA Meeting, EU GDP, Mfg PMIs in focus

  The US$ remains under pressure on all fronts again on Tuesday, hitting a 2-1/2-year low against the Euro due to a combination of  month-end portfolio adjustments, expectations for a more hawkish ECB and the ongoing chaos in the White House. The other majors were strong as well, with Cable reaching a 11 month high, while the Yen… Read More »

1 Aug: Forecast: FX: US$/Majors

  EURUSD: 1.1837 24 Hour: Prefer to buy dips Medium Term: Mildly Bullish The Euro has finished at session and 2 ½ year highs on Monday, with the dollar under general pressure, spiking higher and triggering stops once 1.1800 was taken out. This all means that the Euro will finish the month at trend highs –a rather bullish… Read More »