Analysis

FX market outlook

Posted on Monday, June 26 2017 at 8:48 am UTC

Euro holds despite Italian banking bailout news; dollar remains weak on hike odds It was a relatively quiet start to the week for forex markets, as many Asian countries were closed because of the end of Ramadan. The euro mostly held onto the gains it made before the weekend despite the news that the Italian […]

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FX market outlook

Posted on Friday, June 23 2017 at 8:38 am UTC

Oil-linked currencies gain with the commodity’s rise; dollar retreats. As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was […]

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FX market outlook

Posted on Thursday, June 22 2017 at 8:40 am UTC

Kiwi lifted by positive RBNZ growth outlook; oil prices deteriorate on supply glut concerns. The New Zealand dollar jumped after the Reserve Bank of New Zealand said the country’s growth outlook remained positive. Sterling held onto gains after the Bank of England’s Andrew Haldane’s hawkish comments. Oil prices hovered near 10-month lows on over-supply concerns. […]

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DFMGI Technical Overview

Posted on Thursday, June 22 2017 at 4:43 am UTC

Signs of weakness. Having in mind the given neutral outlook, long term traders shall remain on the sidelines at current time with the aim to reposition only after strong trending characteristics appear on the weekly charts. In the short term, the recent break below 3440 has signaled an hourly corrective wave and postponed an immediate […]

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FX market outlook

Posted on Wednesday, June 21 2017 at 8:32 am UTC

Oil remains close to 7-month lows; dollar little changed As Asian markets are completing their trading day, the dollar index has eased from yesterday’s one-month high but is still close to that level. In the meantime, WTI and Brent crude didn’t manage to post a rebound after yesterday’s sizable losses. The dollar index, a broader […]

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DIB Technical Overview

Posted on Wednesday, June 21 2017 at 4:39 am UTC

Near-term consolidation. The share continues to have a neutral outlook at the time being with clear levels defining a short term consolidation as the market prepares for the next directional move. While in the medium term the 5.70 support gains significance as the level hat is containing any further Bearish pressure in the past two […]

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Dollar affected by Fed speakers, Euro’s Upside pressure has faded, Sterling under pressure

Posted on Tuesday, June 20 2017 at 6:18 pm UTC

Dollar affected by Fed speakers The Fed announced it raised interest rates for the second time this year last week, and Federal Reserve officials’ speeches started. Dudley’s commentary yesterday suggested that the US central bank will continue on its rate hike path The dollar was lifted by Dudley’s commentary who considered that improvement in the […]

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FX market outlook

Posted on Tuesday, June 20 2017 at 8:08 am UTC

Dollar firms on hawkish Fed speakers; sterling in focus ahead of speeches by BoE Governor and UK Chancellor. The US dollar was firmer on the back of hawkish comments from Federal Reserve officials. Sterling held onto Monday’s losses as all eyes turn to the mansion House speeches later by Bank of England Governor Mark Carney’s […]

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TASI Technical Overview

Posted on Tuesday, June 20 2017 at 4:30 am UTC

Gaining momentum. Having in mind the given trending characteristics, long term traders should remain neutral at current time with the aim to reposition only after stronger technical picture appears on the long term charts. While in the medium term, following the formation of a daily bottom above 6750, the market managed to successfully break above […]

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DSI Technical Overview

Posted on Tuesday, June 20 2017 at 4:28 am UTC

Testing resistance. Current trend behavior suggests that long term trading scenarios remain on hold in the near future. In the medium term we witnessed an aggressive breach of 0.420 and reaching a low of 0.320, the market has retraced crossing back above that level where it signaled weakness in the current structure. With the market […]

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