As the USDCHF rebounds off the key resistance range between 9720 & 9750, we anticipate pullbacks to offer favorable entries as the broader outlook remains constructive.
The rebound in the EURUSD may be short-lived as European policy makers preserve a reactionary approach in addressing the risks surrounding the euro-area.
EUROPEAN SESSION UPDATE: Yen finds temporary weakness on an Economy Minister warning; few economic releases….
The
dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized.
The EURUSD remains under pressure on Friday as the European Central Bank (ECB) continued to strike a dovish tone for monetary policy.
EUROPEAN SESSION UPDATE: BoE’s Weale seems to maintain an anti-dovish view in comments about inflation and growth; USD rally continues…
The U.S. dollar may track higher over the next 24-hours of trading as the U. of Michigan survey is expected to show a rebound in household sentiment.
There was a bevy of Fed speakers this past session, but growing support of ‘tapering’ the central bank’s stimulus program (QE3) didn’t seem to generate much additional strength for the greenback.
The EURUSD pared the decline from earlier this week, but the Euro remains poised to face additional headwinds over the near-term amid the ongoing turmoil in the region.
EUROPEAN SESSION UPDATE: Japan economy expands by 0.9% in Q1, better than expected; Aussie falls to a new 11-month low…
The EURUSD extended the decline from earlier this as the fundamental developments coming out of the region dampen the appeal of the single currency.
For the Dow Jones FXCM Dollar Index, the tally is now up to four consecutive days of climb with consistent closes at near-three year highs.
Although the broader AUDUSD outlook remains bearish, the technicals suggest a near-term bounce off key support is likely. Here are the key levels and invalidation points.
The EURUSD is struggling to hold its ground ahead of the Euro-Zone’s 1Q GDP report as the EU meeting in Brussels disappoints.
The Euro may fall if German ZEW survey data disappoints. The Australian Dollar looks to the details of the government’s 2013-14 budget for direction.
Through Monday’s close, the Dow Jones FXCM Dollar Index (ticker =
USDollar) managed to close a third consecutive day in the green. That is the longest series of gains from the benchmark in five weeks – and a worthy move in a break through a key level like 10,600.
The British Pound now looks to target our secondary objective after breaking key support at 1.54. Here are the key thresholds and updated scalp targets on the GBPUSD.
The NZDUSD may track higher over the next 24-hours of trading as retail sales in New Zealand is expected to increase another 0.8% during the first-quarter of 2013.
The EURUSD pared the sharp decline from last week, but the rebound may be short-lived as the European Central Bank (ECB) retains a dovish tone for monetary policy.
Gold prices are likely to rise on US Dollar weakness while crude oil falls amid risk aversion if April’s US Retail Sales data falls short of economists’ expectations.
The US Dollar is likely to correct lower against the Japanese Yen if a disappointing Retail Sales report dents expectations of an earlier unwinding of Fed stimulus.
The dollar surged ahead this past week, but the fundamental source of this strength was obscured. We may see a very blatant catalyst for follow through in the week ahead.
The EURUSD may continue to give back the rebound from the previous month (1.2743) as the EU retains a reactionary approach in addressing the risks surrounding the region.
Disappointing UK construction and trade balance reported today; EUR/USD declines below 1.30 on US Dollar strength…
The Japanese Yen is at risk of deeper losses as G7 officials take an accommodative at a meeting this weekend, boosting broad-based risk appetite.
