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What Destroys USDX — November 10th 2018

The greenback could not gain from the macroeconomic data released from the US. A rate hike looks less likely from the speech of James Bullard, the President of St. Louis Federal Reserve. The US dollar index is trading at 96.50. The USD/JPY pair is trading at 112.60. The GDP data released for Japan does not look positive for the yen. However, the economy of Japan is in good condition. The macroeconomic data released from China […]

Daily Market Roundup — December 10th 2018

The US dollar and stocks are falling, while Gold, euro, and Swiss franc are strengthening. The EUR/USD pair has broken to the upside. The broken resistance at 1.1470 could act as support.. The resistance levels are 1.1453, 1.1547, and 1.1572. The support levels are 1.1360, 1.1306, and 1.1256. The USD/JPY pair is trading in a descending price channel. Whenever money flows into safe haven currencies, the yen gains from it. The resistance levels […]

USDX Struggling for Gains — December 7th 2018

The greenback has failed to find ground from the macroeconomic data released from the US. Only the speech by the ECB President, Jerome Powell was encouraging, indicating that the US economy is strong. This could lead to monetary tightening. Only a change in the current economic indications could decide the rate hike. The US dollar index is trading at 96.90. Currently, the market sentiment is heavily influenced by the escalating trade tensions between […]

Traders Doubt Truce Between US and China — December 6th 2018

Ahead of the release of non-farm payrolls report, investors have chosen to wait and watch happens next. It is expected that the Fed will maintain a dovish monetary policy. The US dollar index is trading at 97.00. Chinese manufacturer, Huawei, is accused by the US government of violating trade sanctions against Iran. It has worsened the trade relations between the US and China. The USD/JPY pair is trading at 112.60. The AUD/USD pair […]

Daily Market Roundup — December 6th 2018

The greenback is bullish. The Aussie and Crude Oil are looking bearish. The EUR/USD pair is through a wide consolidation and is also looking bearish. The resistance levels are 1.1417, 1.1453, and 1.1547. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair is trading in a descending price channel. The resistance levels are 113.23, 114.18, and 114.74. The support levels are 112.63, 112.19, and 111.43. The GBP/USD pair is making new […]

USDX Cannot Recover

The greenback has managed to make some gains. However, it is under bearish pressure due to the macroeconomic data released. The US dollar index is trading at 97.10. The USD/JPY pair is trading at 113.05. The PMI report for China, released from Caixin indicates a positive reading, which was more than expected. However, the Aussie has failed to gain from this data. So, it fell to 0.7300. The GDP data […]

Daily Market Roundup — December 5th 2018

The pound is looking bearish and the greenback is looking bullish. The EUR/USD pair is consolidating at the moment and is looking bullish. The resistance levels are 1.1417, 1.1453, and 1.1547. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair is showing bullish sentiment after finding support at 112.66. The resistance levels are 113.60, 113.18, and 114.74. The support levels are 112.66, 112.19, and 111.43. The GBP/USD pair is looking volatile […]

What Pushes Euro and Pound Higher? — December 4th 2018

Currently, the results of the G20 summit are impacting on the euro. Also, the results of the meeting between Donald Trump and Xi Jinping are positive. Hence the euro has managed to find support. This has contributed to the bullish sentiment in EUR/USD pair. The EUR/USD pair is trading at 1.14. Italy's budget plan has also contributed to the rise in demand for the euro. The pound has found support from the comments of Mark Carney, the Bank of England President, […]

Daily Market Roundup — December 4th 2018

The greenback is looking bearish. In commodities, gold is looking bullish. The EUR/USD pair will go through consolidation. The resistance levels are 1.1417, 1.1453, and 1.1547. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair is looking bearish and support exists below at 113.00. The resistance levels are 114.18, 114.74, and 115.97. The support levels are 112.75, 112.66, and 112.19. The GBP/USD pair is looking bearish and trading in a bearish […]

Risk Appetite Returns: December 3rd 2018 — USD/JPY and AUD/USD

The outcome of the G20 summit looks positive. Also, the trade negotiations between US and China proves to be successful. Donald Trump and Xi Jinping have agreed for a temporary deal on imposing new tariffs on Chinese imports. The US dollar index is trading at 97.00 level. The USD/JPY pair is trading at 113.50. Caixin published a report on Manufacturing PMI for China, which looks positive. The Aussie has found support from the trade negotiations […]

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