Pound sterling slipped lower Monday, pressured by lower-than-expected growth and manufacturing production data, as well as dovish comments from BoE’s Vlieghe.
14
Jan
2020
Category: Featured
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12
Jan
2020
Monday 13th January: Weekly Technical Outlook and Review.
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Wednesday, in the shape of a 47-point downward move, overthrew not only the 200-day SMA (orange – 1.1139) but also a local channel support, taken from the low 1.0981. The nearby 50-day SMA (blue – 1.1090) entered the fold Friday, providing support by way of a bullish engulfing candle over Thursday’s doji indecision formation.
10
Jan
2020
Friday 10th January: Dollar Index Advances Ahead of Non-Farm Payrolls Data.
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Thursday had the euro slightly softer against a sturdier buck, as the US dollar index, or DXY, elbowed above 97.50. As of current price, buyers and sellers are squaring off a touch below the 1.11 handle on the H4 timeframe.
09
Jan
2020
Friday’s US Employment Report
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Tags: Economic indicators, Fundamental analysis, Technical analysis, US employment
Release: Friday at 8:30 a.m. (EST). US employment figures provide an irreplaceable insight into the condition of the world’s largest economy. It’s also considered a leading indicator of consumer spending, which drives the economy. The combination of the indicator’s importance and swift reporting generally makes for sizable market moves. Stronger-than-expected figures, values that surprise, … Continue reading Friday’s US Employment Report
09
Jan
2020
Thursday 9th January: Marked Improvement in Market Sentiment; Dollar Overpowers 97.00.
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Europe’s single currency ceded further ground to the US dollar Wednesday, shedding 0.42% and clocking near-two-week lows a few points north of the 1.11 handle.