The US dollar remained broadly stable today as market participants await additional indicators to determine US interest rate developments. This period of anticipation follows recent cautious comments from US Federal Reserve (Fed) officials and signs that inflation may be easing. The Japanese yen fell slightly at the start of the week, trading at 155.80 against...
ING predicts balance in USD forex pairs as buyers look ahead to the discharge of the April center non-public intake expenditures (PCE) rate index, predicted on May 31. The corporation believes that cross-asset volatility is in all likelihood to stay subdued withinside the coming weeks, that may spur the look for convey trades.
USD pauses, market pays attention to April core PCE data ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 15 min rejection or phase line break. WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SOYBN/USD Short Minimum entry...
Japanese authorities may have intervened twice in recent weeks to support the yen as it hit its lowest level in decades against the dollar, and they may have used reserves cash to do it. BofA said a drop in demand for U.S. Treasury bonds could push up interest rates slightly and narrow spreads on the secured overnight lending rate (SOFR), a reference rate tied...
Despite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases. The...
WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
The US greenback fell to a one-month low in opposition to the euro today, as buyers predicted the discharge of a key US inflation record that might affect US coverage decisions. Federal Reserve. The euro rose barely 0.03% to 1.0823 USD at some stage in Asian buying and selling hours, at one factor attaining 1.0828 USD, a stage now no longer visible given that...
WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SOYBN/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5...
1. Schmid of the Fed knows interest rates will likely stay high for a while. 2. Mester of Fed said it was too early to conclude that a re-detection was likely. 3. US data PPI is inconsistent. 4. Fed's Powell says the Fed will likely keep interest rates higher for longer. 5. ECB's Wunsch found no need to cut rates after the first cut in June. The US April PPI...
UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a superb month for the greenback. Our seasonal indicator indicates that call for for USD normally will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) normally maximum affected." UBS added: "More mainly to...
UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a tremendous month for the greenback. Our seasonal indicator indicates that call for for USD commonly will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) commonly maximum affected." However, UBS says that the...
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
The Japanese yen turned into little changed The Japanese yen turned into mildly unstable on Monday, with USDJPY soaring simply under 156. The recognition stays on any capability authorities intervention to assist the currency, after at the least instances of intervention in early May. The authorities is stated to have stepped in to deliver down the USDJPY...
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
THE KOG REPORT: In last week’s KOG Report, we said if support held after the open we felt we would get a push to the upside into the order region and if the market held the region we felt an opportunity to short the market was available. That short trade worked well and after partials were taken it was protected. During the week we suggested traders trade...
The dollar steadied on Friday after losing ground in the previous session on weak jobs data, while sterling edged up following stronger-than-expected growth figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115. The USD is on track for small gains this week The...
The greenback steadied on Friday after dropping floor withinside the preceding consultation on susceptible jobs records, whilst sterling edged up following stronger-than-anticipated boom figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling simply better at...