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Tag: FOREX

Foreign Exchange

Markets News 

Chinese yuan and Aussie dollar off four-month high, sterling ticks up

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“The offshore yuan traded at 7.0026 yuan per dollar, slipping back from a four-month high of 6.9247 per dollar hit last week” reports cnbc.com. U.S. one-hundred dollar banknotes and Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong on April 15, 2019.The Chinese yuan and the Australian dollar hovered below four-month highs touched last week in early Monday trade as investors pored over the U.S.-China trade deal, while sterling stayed strong after a decisive UK general election.The trade-sensitive Australian dollar fetched $0.6876, easing from Friday’s four-month high…

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JPY News Reviews 

JPY Daily Review December 16, 2019

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JPY Daily Review for December 16, 2019 USD/JPY is elevated on investor risk appetite owing to Brexit and US/Sino trade breakthroughs USD/JPY rallied overnight and has remained better bid on risk appetite and investor optimism owing to the breakthroughs on both Brexit and Sino/US tra   USD/JPY climbs to near 2-week tops, beyond mid-109.00s The safe-haven Japanese yen continued with its weakening trend on Friday and pushed the USD/JPY pair to near two-week tops, around the 109.55-60 regio   USD/JPY steadies above 109.50 as markets await confirmation of trade deal…

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AUD News Reviews 

AUD Daily Review December 15, 2019

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AUD Daily Review for December 15, 2019 Swiss Franc Technical Analysis: AUD/CHF, NZD/CHF Technical signals in NZD/CHF are hinting that upside momentum is fading and a bearish correction may be in the cards. AUD/CHF may retreat after testing formidable resistance.   AUD/USD Rate Stages Key Test of 200-Day SMA Amid US-China Trade Deal AUD/USD clears the October high (0.6930) as the US and China reach a trade deal, but failure to close above the 200-Day SMA (0.6910) may undermine the recent advance.   AUD/USD eases from 4-1/2 month tops, still…

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News Reviews USD 

USD Daily Review December 13, 2019

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USD Daily Review for December 13, 2019 GBP/USD, GBP/JPY & EUR/GBP: Charts to Watch as Pound Volatility Soars British Pound implied volatility derived from overnight forex options contracts are at extreme highs and leaves GBP price action at risk of experiencing violent swings amid heightened uncertainty.   Australian Dollar Forecast: AUD/USD, AUD/JPY Surge on Potential Trade Deal The pro-risk Australian Dollar spiked on Thursday following a series of positive developments in the US-China trade war that could see reduced tariffs, a potential windfall for the Aussie Dollar.   Japanese Yen…

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GBP News Reviews 

GBP Daily Review December 13, 2019

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GBP Daily Review for December 13, 2019 GBP/USD surrenders early gains to near 9-month tops, slips below 1.3200 handle The GBP/USD pair failed to capitalize on its early uptick to near nine-month tops and has now retreated back to the lower end of its daily trading ran   GBP/USD, GBP/JPY & EUR/GBP: Charts to Watch as Pound Volatility Soars British Pound implied volatility derived from overnight forex options contracts are at extreme highs and leaves GBP price action at risk of experiencing violent swings amid heightened uncertainty.   GBP/USD loses…

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EUR News Reviews 

EUR Daily Review December 13, 2019

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EUR Daily Review for December 13, 2019 EUR/USD Outlook Ahead of ECB, Post-FOMC Analysis The Euro may extend its gains vs the US Dollar if the ECB surprises less-dovish after the FOMC decision and commentary by Jerome Powell pressured the greenback.   EUR/USD: Upside still capped below 1.1150 ahead of ECB The bulls take a breather heading into the European opening bells, allowing a tight consolidative mode in EUR/USD below the key 200-DMA at 1.1155, as   EUR/USD eases from 1-month tops, turns neutral ahead of ECB The EUR/USD pair…

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Markets News 

Sterling sparkles after election poll, yuan up on trade deal reports

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“Against the dollar, the yen fell to 109.595, the weakest since Dec. 2” reports cnbc.com. As part of the trade deal, China has also agreed to purchase $50 billion of U.S. agricultural goods next year, sources familiar with the talks told Reuters.Avoiding new tariffs should also be a boost to China’s slowing economy, which should draw more investors to the yuan.A successful scaling back of trade tension would relieve one major headwind to economic growth, which suggests lower demand for the safe-haven yen.”We’ve already seen a strong reaction in the…

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JPY News Reviews 

JPY Daily Review December 13, 2019

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JPY Daily Review for December 13, 2019 EUR/JPY: Trade war, UK election favor risk-off with eyes on ECB EUR/JPY steps back from the weekly high to 120.82 on early Thursday. Fresh risk aversion seems to drag the quote ahead of the key events.   USD/JPY steadily climbs to session tops, around 108.65 region The USD/JPY pair managed to reverse the Asian session dip back closer to weekly lows, albeit lacked any strong follow-through and remained well within   USD/JPY Technical Analysis: Intraday uptick falters ahead of descending trend-line/200-hour SMA The…

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AUD News Reviews 

AUD Daily Review December 12, 2019

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AUD Daily Review for December 12, 2019 AUD/JPY Technical Analysis: 61.8% Fibonacci, monthly resistance trendline in focus AUD/JPY declines to 74.62 by the press time of early Asian session on Thursday. The pair takes a U-turn from the highest since December 03.   USD/JPY and AUD/USD Forecast December 12, 2019 For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…   AUD/USD and NZD/USD Rates Soar on the Fed, Powell to Resistance The Australian Dollar and New Zealand Dollar soared after the Fed rate decision. This leaves AUD/USD and…

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News Reviews USD 

USD Daily Review December 12, 2019

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USD Daily Review for December 12, 2019 US Dollar Drops, Stocks Tick Higher Following Fed Rate Decision The US Dollar dropped after Fed officials expectedly held the Federal Funds rate at 1.50% to 1.75% and announced they would monitor the impact of prior policy changes on the economy.   US Dollar Ahead of the Fed: EUR/USD, GBP/USD in the Spotlight Today is a big day for US drivers, and tomorrow shifts focus to the ECB and the UK General Election.   AUD/USD Rises on Cross Buying, GBP/USD Downside Protection in…

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