Key risk events today: Limited. EUR/USD: Europe’s shared currency and the US dollar traded flat Monday, as traders look ahead to the ECB on Thursday. As we head into Asia Pac hours, the EUR/USD’s H4 candles remain toying with the lower edge of its 70-point range between 1.12 and supply at 1.1288-1.1273. As underlined in … Continue reading Tuesday 23rd July: Dollar index remains buoyed above 97.00; weekly resistance eyed at 97.72.
Key risk events today: BoJ Gov. Kuroda Speaks; RBA Assist Gov. Kent Speaks. EUR/USD: Weekly gain/loss: -0.44% Weekly close: 1.1220 Weekly perspective: Since November 2018, the weekly candles have been warring for position between long-standing demand at 1.1119-1.1295 and the 2019 yearly opening level (resistance) at 1.1445. Areas outside of the said barriers to be … Continue reading Monday 22nd July: Weekly technical outlook and review.
Key risk events today: UK Public Sector Net Borrowing; Canadian Core Retail Sales m/m and Retail Sales m/m; US Prelim UoM Consumer Sentiment; FOMC Members Bullard Rosengren Speak. EUR/USD: Federal Reserve member Williams surprised markets Thursday with an extra dovish rendition, stating its better to take preventative measures on rates than to wait for a … Continue reading Friday 19th July: Greenback exploring ground beneath 97.00 as Federal Reserve member Williams surprised markets.
Key risk events today: UK Retail Sales m/m; BoE Credit Conditions Survey; G7 Meetings; Philly Fed Manufacturing Index; FOMC Member Williams Speaks. EUR/USD: The dollar recoiled Wednesday after achieving strong gains on Tuesday following better-than-expected monthly retail sales data. Europe’s single currency, on the other hand, challenged H4 support between 1.12/1.1211 (comprised of the 1.12 … Continue reading Thursday 18th July: Pound buoyed by 1.24 ahead of retail sales data.
Key risk events today: UK CPI y/y; UK PPI Input m/m; Canadian CPI m/m, Common CPI y/y, Manufacturing Sales m/m, Median CPI y/y and Trimmed CPI y/y; US Building Permits. EUR/USD: A weaker-than-expected German ZEW survey coupled with upbeat US retail sales kept the euro on the losing side of the table vs. the dollar … Continue reading Wednesday 17th July: Dollar index reclaims 97.00 to the upside; eyeing a possible run to weekly resistance at 97.72.
