EUR/USD Cautious After Monday’s Plunge
King Dollar dominated the first trading of the year and the pair remains soft after yesterday’s drop
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King Dollar dominated the first trading of the year and the pair remains soft after yesterday’s drop
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The pair started the new year on the defensive, following two solid weeks, but finds support at the start of the European session
The pair finished December and the full 2021 with profits and makes an upbeat start to the new year, extending the four-week profitable streak
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Gold (chart A) has effectively moved sideways on an absolute basis since July 2020 (area between blue verticals). Of interest, this has tracked a similar trajectory for FXCM's USDOLLAR basket (Chart B). As such, and with no surprise, the relative strength ratio (Chart C) between the two reflects neutrality in performance (USDOLLAR has slightly outperformed XAUUSD, as per the positively sloped red dashed line in chart C). The green dashed…
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The top chart shows the weekly US10 Yr. treasury. We have added moving averages as a measuring mechanism for yield appreciation. The green ellipse indicates that the quicker green moving average is near to crossing above the slower orange moving average. If this happens, and angle and separation develop, the odds favour further appreciation in the rate. The blue dashed vertical marks the time of the previous bullish cross (aqua…
The common currency comes under pressure at the start of the European session and registers fresh lows for the week, under 1.1300 against the greenback
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
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