Last week was dominated by the US, particularly the impressive data releases on Friday. Other regions could steal the limelight this week, particularly the UK where developments across the board are not encouraging. Friday’s fourth-quarter Read more…
USDJPY shot up on Friday following the robust US employment report and opened with a positive gap today. The rally took the pair above the downtrend line drawn from the high of November 21, as Read more…
The US dollar continued where it left off on Friday when it surged higher after the US jobs report came out much stronger than expected, catching many people by surprise. While the additional gains have Read more…
US futures Dow futures -0.50% at 33740 S&P futures -0.75% at 4104 Nasdaq futures -1% at 12447 In Europe FTSE -0.71% at 7838 Dax -0.95% at 15369 Jobs data supports a more hawkish Fed US Read more…
The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%. Earlier in the day, the euro has now fallen to Read more…
Daily Pivots: (S1) 1.0745; (P) 1.0842; (R1) 1.0892; More… Intraday bias in EUR/USD is still on the downside for the moment. Fall from 1.1032 short term top is correcting whole rise from 0.9534, and should Read more…
Daily Pivots: (S1) 1.1979; (P) 1.2122; (R1) 1.2197; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2446 is seen as the third leg of the corrective pattern from 1.2445. Read more…
Daily Pivots: (S1) 129.28; (P) 130.24; (R1) 132.15; More… Intraday bias in USD/JPY remains on the upside. Rise from 127.20 short term bottom should target 55 day EMA (now at 133.28) first. Firm break there Read more…
Daily Pivots: (S1) 0.9154; (P) 0.9211; (R1) 0.9317; More… No change in USD/CHF’s outlook as intraday bias remains neutral, with focus on 0.9285 resistance. Firm break there will confirm short term bottoming at 0.9058, and Read more…
Dollar is staying generally firm today but lacks clear-cut momentum to extend last week’s rally. Overall sentiment is mildly on the risk-off side, with major European indexes and US futures in red while benchmark treasury Read more…