Ramalan DXY /

The EURUSD pair fell 0.17% to 1.1301 on Thursday, December 2. The DXY index came under pressure during European trading as the single currency rose to 1.1348. Buyers pared all gains during the North American session, with price action moving in the range of 1.1300-1.1355. The shift in cross pair tra...

The EURUSD pair traded lower on Wednesday, November 24, down 0.44% to 1.1198. Selling resumed after German macro data came out. IFO readings came in worse than expected as manufacturing supply bottlenecks and spiraling coronavirus infections have darkened Germany's growth prospects. The IFO business...

Trading in the EURUSD pair ended in decline on Monday, November 22. The euro fell 0.39% to $1.1237. Prices tumbled sharply during the North American session. The DXY index locked in gains on news that US President Joe Biden nominated the current head of the Federal Reserve Jerome Powell for a second...

Key factor driving the FX market - Austria enters nationwide lockdown. Germany is also reportedly mulling such a course of action. Heading into the weekend, all major currencies except for the British pound closed in the red. The biggest losses were seen in the single currency (-1.42%) and the Austr...

The EURUSD pair rose 0.46%, to 1.1371 on Thursday, November 18. The dollar started to weaken during the Asian trading session. The kiwi dollar topped the leaderboard after inflation data came out in New Zealand. During the North American session, the DXY index continued to retreat against the backdr...

The EURUSD pair ticked down 0.01% on Wednesday, November 17. During the North American session, the euro fell to 1.1263, from which the price action rebounded to 1.1332 (+68 pips). Strengthening of the euro was moderate due to a decline in the EURGBP cross. Sterling gained support after the release ...

Key factors driving the FX market: — EasingBrexittension. — Eurozone industrial production exceeds market expectations in September. — Michigan consumer sentiment index drops to lowest level since November 2011. All major currencies closed in the red at of the week. The steepest decline was posted b...

The EURUSD pair dipped 0.24% to 1.1451 on Thursday, November 11. Trading saw sharp swings during the European session. Buyers attempted several times to msuter a rally, but were eventually forced to retreat to 1.1443. On Thursday, the US and Canada celebrated national holidays. The US debt market wa...

The EURUSD pair traded higher on Monday, November 8, up 0.17% to 1.1587. Buying picked up during the European session as the dollar started losing ground across the board. Market participants pushed ahead with a 5-day rally, brushing aside a slight recovery in the UST10 yield and speeches by Fed mem...

Key factor currently driving the FX market: - NFPs picked up in October, overshooting the median consensus. Major currencies showed mixed dynamics heading into the weekend. The strongest gains against the US dollar were shown by the Japanese yen (+0.52%), the Swiss franc (+0.34%) and the euro (+0.0...

Key issues currently driving the FX market: - US new homes sales surged 4% - US consumer confidence unexpectedly rose in October - The S&P 500 hit an all-time high of 4,598.53 - The 10-year UST yield fell to 1.61% - Gold slid $25 to $1,782/oz - Chinese authorities told the head of China Evergran...

Gold gained on the back of risk appetite, a weaker dollar and lower US yields. Profit-taking set in after Powell’s speech. Powell reaffirmed the Fed’s intention to taper asset purchases, pushing gold lower. Markit Services and Composite PMIs exceeded expectations in October. The US manufacturing PMI...

Key FX market drivers: - Risk aversion amid renewed concerns about the potential contagion from China Evergrande's debt crisis. - The UST10Y yield widened to 1.68%. - The new German Chancellor is to be named after December 6. - China Evergrande Group remitted USD-bond interest payment. The EURUSD p...

Key issues currently driving the EURUSD pair: - AUDUSD retraced to a two-month high. The easing of coronavirus restrictions and higher commodity prices have supported demand for the Australian dollar. - The treasury curve steepened between US3Y and US10Y yields, meaning that the market is optimistic...

Key issues currently driving the EURUSD pair: - Weak Chinese GDP and industrial production data impacted market sentiment during the Asian session. - The Q3 spike in New Zealand inflation lent support to the kiwi dollar. - ECB President Christine Lagarde insists that "inflation is largely temporary....

The EURUSD pair rose 0.54% to 1.1593 on Wednesday, October 13. The euro began to strengthen during the Asian trading session. Upside was stoked by news stateside that the House passed a bill to temporarily the debt limit by $480 bln. Volatility spiked after US inflation data came out. EURUSD surged ...

The EURUSD pair slipped 0.19% to 1.1530 on Tuesday, October 12. The single currency rallied to a session high of 1.1570 during the European session, but failed to keep up the bullish trend. Economic sentiment indices in Germany and the euro area disappointed the market with lackluster performance. T...

The EURUSD pair dropped 0.36% to 1.1556 on Wednesday, October 6. The euro came under pressure against all currencies amid rising UST yields, strengthening of the dollar and a decline in US stock indices. After a drop in the yield on 10-year USTs to 1.508% from 1.573%, the DXY index fell to 94.19. Se...

The EURUSD traded to the downside on Tuesday, October 5. The single currency fell 0.19% against the dollar to 1.1598, and by 0.34% and against sterling to 0.8508. The EURGBP cross has been in decline since September 30. The euro has lost 1.48% (128 pips) over the past four sessions. The DXY index ro...

The EURUSD pair rose 0.24% to 1.1621 on Monday, October 4. The DXY index fell to 93.68, while the single currency reached an intraday high of 1.1640. The dollar stopped weakening due to a tech-driven sell-off in equities. As a result, the Nasdaq 100 plunged 2.16% to 14,472. By the close, price actio...

US consumer spending rose in August, while consumption fell. US manufacturing activity came in above expectations. UST yields are declining. In Hong Kong, trading in shares of Chinese developer Evergrande was halted. S&P 500 index futures are trading in the red. OPEC is scheduled to meet on Mond...

The EURUSD pair tumbled 0.17% to 1.1578 on Thursday, September 30. The single currency looked steady ahead of the European opening. Price action sank to 1.1568 due a decrease in the EURGBP cross pair and an increase in the DXY index. Sellers pushed the key pair to an intraday low of 1.1563 during th...

The EURUSD pair slid by 0.74% to 1.1598 on Wednesday, September 29. The DXY index rose to a new 11-month high (94.44), on the back of heightened expectations of Fed tapering by year-end and a rate hike in 2022. Risk aversion negatively impacted all major currencies. The key pair dropped to the 1.160...

The EURUSD pair eased 0.10% to 1.1684 on Tuesday, September 28, off a daily low of 1.1668. The DXY index climbed to 93.82, the highest in over 10 months. Dollar strength reflected a spike in the US 10-year Treasury yield, which reached a three-month high of 1.563%. During the North American session,...

The EURUSD pair dropped 0.20% to 1.1696 on Monday, September 27. The single currency brushed aside the outcome of Germany’s federal election. ECB president Christine Lagarde, addressing a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, said that the PEPP program...

The EURUSD pair rose 0.44%, to 1.1739 on Thursday, September 23. The DXY index dropped sharply on the back of improved risk sentiment in global financial markets amid the PBoC’s injection of liquidity into the banking system. Market participants read this move as assistance to Evergrande. By the clo...

Bitcoin logged gains on Wednesday, September 22. By the close, the BTCUSD pair climbed 6.9% to $43,543. Investors settled down after positive news rolled in on the embattled Chinese developer Evergrande, with over $300 bln in debt. Price action recovered from $39,600 to $44,358, including gains seen...

The EURUSD pair was little changed on Monday, September 20, down 0.01% to 1.1726, with an intraday low of 1.1700. The dollar saw robust buying during the APAC session on contagion fears related to the default of Chinese developer Evergrande. The company, which is saddled with over $300 bln in debt, ...

All major currencies closed the week on the back foot. The largest decline against the US dollar was seen in the Swiss franc (-1.60%). Smaller decreases were posted by the Australian dollar (-1.18%), the New Zealand dollar (-1.06%), the euro (-0.71%), the British pound (-0.69%), the Canadian dollar ...

The EURUSD paid rose 0.12% to 1.1817 on Wednesday, September 15. Price action climbed to 1.1832 and dropped to 1.1804 during the North American trading session. The DXY shrugged off a stronger than expected NY Fed manufacturing data. Manufacturing activity increased by 0.4% MoM, compared to the medi...