Analysis

FX market outlook

Posted on Friday, November 24 2017 at 9:48 am UTC

Euro strong on improved Eurozone sentiment; pound flat as May heads to Brussels With markets remaining partially closed on Friday for the Thanksgiving holiday week, the dollar was firmer in Asia, gaining on rising Treasury yields. In Japan, however, investors who also had a day off on Thursday, returned to their offices, pushing the yen lower as Japanese and […]

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FX market outlook

Posted on Thursday, November 23 2017 at 9:27 am UTC

Dollar flat following losses on Fed perceived dovishness; thin trading on Thanksgiving holiday As the Asian session was nearing completion, the dollar was little changed on the day relative to major rival currencies after yesterday posting sizable losses following the release of the minutes of the Federal Reserve’s October 31-November 1 meeting which showed differing […]

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DIC Technical Overview

Posted on Thursday, November 23 2017 at 5:50 am UTC

Eying a retest of previous highs. After almost 10 months of consolidation between 2.00 and 2.55 with a clear absence of any direction, DIC broke out of that range and initiated a new Bullish trend. The medium term retracement initiated from 2.66 has found a demand zone above 2.28 and signaled the resumption higher after […]

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FX market outlook

Posted on Wednesday, November 22 2017 at 10:01 am UTC

Dollar on the backfoot as Treasury yield gap flattens; oil heads to two-year high The dollar was on the backfoot in Asia on Wednesday as the US yield curve flattened to its lowest spread in a decade, while dovish comments from the Fed chief late on Tuesday dragged the currency even lower ahead of the Fed meeting minutes. Energy markets also […]

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DIB Technical Overview

Posted on Wednesday, November 22 2017 at 5:42 am UTC

Probable short term reversal. The formation of a lower top on the daily timeframe outlined at 6.25 followed by a break through previously confirmed bottom at 6.05 changed the medium term outlook. The drop below what was considered to be a key support level indicated the inception of a new Bearish phase and postponed medium […]

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FX market outlook

Posted on Tuesday, November 21 2017 at 9:20 am UTC

Euro weakness on political risks supports dollar; aussie down after RBA minutes Trading conditions were thin on Tuesday as economic releases were few, while the US was in a holiday mode ahead of the Thanksgiving Day on Thursday. Japan is also celebrating its Labour Thanksgiving Day on Thursday. The dollar remained steady at one-week high levels during the session as political […]

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TASI Technical Overview

Posted on Tuesday, November 21 2017 at 5:43 am UTC

Testing previous weekly bottom. Although the weekly charts continue to reveal a Bullish trend, the current correction extended lower and is now testing the previous weekly bottom at 6710. Hence long term traders continue to remain neutral while waiting to see whether that level will be strong enough to contain downwards pressure. They shall however […]

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DFM Technical Overview

Posted on Tuesday, November 21 2017 at 5:41 am UTC

Signs of support. Having in mind the given neutral outlook, long term positions remain on hold at present time while waiting for stronger trending characteristics to appear on the weekly charts. The medium term bias remains clearly tilted to the downside after a retest of the 1.08 low. Although that level has shown first signs […]

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FX market outlook

Posted on Monday, November 20 2017 at 9:44 am UTC

Euro drifts lower as German elections loom; dollar recovers despite tax risks The euro was the worst performer among its major peers on Monday after German negotiations to form a coalition government broke down during the weekend. Consequently, the dollar index jumped on the news, but the yen might attract investors’ attention this week as the future […]

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DFMGI Technical Overview

Posted on Monday, November 20 2017 at 5:47 am UTC

Retesting 3400. The long term outlook remains neutral, and following a retest of the critical resistance at 3690, Bearish momentum had been restarted pushing the index below the lower-end of the medium term range at 3530. That move indicated the initiation of a new medium term Bearish stage and gave scope for further declines. Furthermore, […]

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