EUR/USD keeps afloat above 1.1700 but sellers still hold all the cards for now

Tough to find reasons to be bullish EUR/USD at the moment Besides stretched euro long positions being trimmed, it is tough to pick at reasons to be bullish the single currency against the dollar at this moment in time. The vaccine/recovery divergence story is arguably one of the key factors but also with the Fed […]

Continue Reading

EUR/USD nears the week’s lows as dollar keeps steadier so far on the day

The dollar is holding up decently so far in European trading The greenback was mildly softer early on but is now keeping steadier as we navigate through some light push and pull in European morning trade today. Of note, EUR/USD is moving to session lows of 1.1891 and that puts some focus on the week’s […]

Continue Reading

EUR/USD turns flat as dollar keeps little changed on the day amid tentative mood

The dollar is staying little changed as the overall market mood is tentative EUR/USD is trading back to flat levels now at 1.1900 after having eased lower to 1.1870 earlier at the start of the session. Of note, price is still keeping just below its 100-hour moving average (red line) @ 1.1911 so sellers are […]

Continue Reading

Pound keeps a little higher but buyers need to do more to recapture upside momentum

Sterling keeps steadier after the correction to the upside move last week Invest in yourself. See our forex education hub. Cable has backed off earlier highs closer to 1.4000 as the pound loses a bit of its earlier momentum but is still keeping higher so far today. The slight retreat also comes as we see […]

Continue Reading

Sterling stays more resilient as UK reopening keeps the optimism flowing

The pound is the best performing major currency today Despite the dollar creeping back up amid hints of risk aversion in the market, the pound is staying more resilient as cable holds near the highs close to 1.4090. If anything else, it highlights the conviction in the pound at the moment and this continues to […]

Continue Reading

Dollar keeps more resilient ahead of North American trading

Dollar holds firmer even as the reflation trade pauses for breath Equities are looking more tepid as tensions are stirring after the rout in the bond market yesterday. Treasuries may be finding some mild relief for now but sentiment remains on a knife’s edge as we look towards North American trading.Invest in yourself. See our […]

Continue Reading

Stimulus Detail, CPI, Uber Earnings, Oil Keeps Rising – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — House Democrats reaffirm plans to go big on stimulus, the Senate votes to allow the trial of Donald Trump to proceed, inflation data are under the microscope in the U.S. and China, Uber reports earnings as Lyft (NASDAQ:) promises – well – lift-off, and oil keeps rising as […]

Continue Reading

Gold keeps steadier on the day but price action still leaves a lot to be desired

Gold continues to be caught in a battle around key technical levels Gold is slightly higher, up by 0.15% to $ 1,844 levels currently but that’s not really telling much as we continue to navigate through the week. Looking at the near-term chart:For bank trade ideas, check out eFX Plus Gold is trading back towards […]

Continue Reading

AUD/USD returns to key near-term levels as dollar keeps firmer on the session

AUD/USD falls back to test its key hourly moving averages For bank trade ideas, check out eFX Plus The dollar is keeping firmer on the session as we see the push and pull in the market this week continue to play out. Following the move lower yesterday, the greenback is returning back to favour amid […]

Continue Reading

Dollar keeps firmer on the softer risk mood today

Dollar pullback stalls as the risk sentiment is more negative The greenback is keeping firmer and is reversing some of its declines from last week, with EUR/USD slipping back below 1.2100 and notably below its 100-hour moving average @ 1.2106. That sees the near-term bias switch to being more neutral again. Elsewhere, the drag on […]

Continue Reading