|Day's Range||97.43 - 97.91|
|52 Week Range||94.65 - 102.99|
With the RBA holdings policy unchanged, the focus returns to the key risk drivers. Continued unrest in the U.S and tensions between the U.S and China are in focus.
Economic data shows an improvement but nothing to write home about. Civil unrest, economic gloom, and unprecedented unemployment must be a concern…
Silver breached the resistance at $17.50 and continues to gain upside momentum.
While the economic calendar is on the busier side, Trump’s news conference will be the main event, which is testing risk sentiment early on.
The U.S Dollar is in action later today, with the weekly jobless claims and durable goods orders in focus. There’s also Trump and Beijing to consider.
The direction of the June U.S. Dollar Index into the close on Wednesday is likely to be determined by trader reaction to yesterday’s close at 98.906.
As market jitters over the U.S and China resurface, the ECB and the EU Commission will be in focus later this morning…
The markets continue to move northwards. Who needs geopolitical risk, when you have hope? The big question must be whether it can continue…
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
Economic data puts the EUR in focus, while geopolitics and COVID-19 news and numbers will also influence on the day.
The direction of the June U.S. Dollar Index the rest of the session on Friday is likely to be determined by trader reaction to 99.690.
Retail sales figures will give the Pound and the Loonie direction, with the ECB minutes also in focus. Trump’s Twitter account could be the key driver, however.
Private sector PMIs and U.S jobless claims put the EUR, the Pound, and the Greenback in the spotlight. Numbers out of Japan were not inspiring…
The scales are finely balanced and it could go horribly wrong for governments and the bulls. There are too many drivers to be complacent.
The bulls continue to hold on. Many wonder, however, what it will take to deliver the correction that economic data and earnings suggest is on the cards…
It’s a busy day ahead. The FOMC minutes late in the day will draw plenty of attention as market optimism of an economic rebound lingers.
It’s a busy day ahead on the economic calendar. There is also geopolitics to consider with over the course of the day.
The major currency pair is starting the third week of May in the same position: it obviously stuck inside a sideways channel. Fundamental background supports this movement, although here, one can find something to base upon.
The direction of the June U.S. Dollar Index the rest of the session on Monday is likely to be determined by trader reaction to the minor top at 100.605.
The Commitments of Traders reports highlight speculators positions and changes made during the week to May 12 in FX, bonds and stocks. Overall a week that only saw small changes with the S&P; 500, the dollar and U.S. 10-year Notes trading close to unchanged
Oil prices are on the rise and COVID-19 numbers are on the decline as governments ease lockdown measures. it’s “risk-on” early in the day.
Risk aversion hits early, as concerns over the economic outlook and COVID-19 weigh. U.S jobless claims could also spook the markets later…