US Dollar (USD)

USDJPY held above the support of 149.00-40 and managed so far to rebound toward the first resistance at 150.45. Prices yesterday moved back to test the 149.00-40 support and few pips below. As long as market remains above 149.00-40, a…
Read More

This week is pretty compact for dollar traders. US markets will be practically closed for the last two days of the week, with all the major data coming out over the course of Tuesday and Wednesday. Markets are open for half a day on Friday,…
Read More

On Thursday, the EURUSD came down to test the 1.05 handle, the lowest it has been since October of last year. This came amid renewed speculation that the ECB could be headed for strong rate cuts at the next meeting. Some analysts have gone…
Read More

The election of Trump to a new term in office puts a whole new light on US inflation data, potentially bringing the Trump effect into focus. It could be that the market simply looks past it, or it might cause renewed focus on the figures.…
Read More

One of the major events for the week that investors were waiting on was the multi-day Standing Committee meeting of China's National People's Congress (NPC). That concluded just a couple of hours ago, and markets are not giving much of a…
Read More

Markets have had strong reactions to the results of the US elections. Although votes are still being counted, Trump Wins as the de facto winner of the contest, with former and now president-elect Donald Trump set to secure both the…
Read More

EURUSD looking to bounce back All eyes are on this week’s US Election, with most economists saying the race is too close to call. A Harris victory is likely to cause a short-term rally on the pair, reflecting some market. However, in the…
Read More

FTSE100 Index (UK 100) falls from peak The FTSE100 Index failed to revive its spirits after falling from the recent 8400 level. The index is seeking support around 8250, which is critical to keeping the early month’s rally intact. The…
Read More