EUR/USD: The single currency started the week on a strong footing, gapping over 30 pips north amid risk appetite. Weekend news witnessed US President Trump and Chinese President Xi announce a truce at the G20 where the US agreed to delay hiking tariffs on USD 200bln of Chinese goods to 25% for 90 days, paving … Continue reading Tuesday 4th December: Optimism over US-China trade continues post-G20.
EUR/USD: Weekly Gain/Loss: -0.19% Weekly Close: 1.1318 Weekly perspective: Despite the EUR/USD ranging in excess of 130 pips last week, the pair concluded trade by way of an indecision candle, albeit sporting a mild bearish tone. With respect to structure, traders’ crosshairs likely remain fixed on resistance priced in at 1.1465 (which, as you can … Continue reading Monday 3rd December: Weekly technical outlook and review.
EUR/USD: Despite a reasonably busy calendar Thursday, the EUR/USD concluded its session reporting limited movement, up 0.23% on the day. Most notable was the FOMC meeting minutes, with the majority of participants stating rate hikes were likely warranted ‘fairly soon’ if the US job and inflation data were in line with or stronger than the … Continue reading Friday 30th November: US-China relations fragile ahead of G20 – USD stable just south of 97.00
EUR/USD: Breaking a three-day bearish phase, the EUR/USD recovered in strong fashion Wednesday, following comments by Fed Chair Powell. He stated interest rates are just below the broad range of estimates of the neutral rate (which is estimated at between 2.50% and 3.50%), and the Fed was not on a pre-set policy course. Despite a … Continue reading Thursday 29th November: FOMC meeting minutes eyed.
EUR/USD: The single currency ceded further ground to the US dollar Tuesday, consequently registering its third consecutive losing day.
