Author: FX
EUR/USD News and AnalysisECB member favours multiple rate cuts ahead of the summerEUR/USD flirts with familiar zone of resistanceMore ECB speakers scheduled today as event risk quietens downThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade EUR/USD ECB Member Favours Multiple Rate Cuts Ahead of the SummerThe Greek central bank head, Yannis Stournaras (dove) mentioned in an interview this morning that there remains around 30% of past tightening yet to filter into the real economy, stressing the need…
Share: EUR/USD could see volatility on Thursday with US data and ECB speakers in the line up. US factory gate prices and Retails Sales could tone the debate on when the Fed cuts interest rates. In Europe, speakers from the ECB may shed light on when the ECB considers its own rate cut. EUR/USD continues trading in the mid 1.0900s after pulling back from a peak at 1.0981 achieved last week. With data releases and events affecting both sides of the EUR/USD pair on Thursday, a cursory glance at the proverbial “crystal ball” suggests some volatility is probable. …
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Watch out, silver bulls! The precious metal is closing in on the top of its range visible on the daily time frame. Can it sustain its climb past this point? Or will we see a bounce back to nearby support zones? Take a look at these levels I’m watching on the long-term chart: Silver (XAG/USD) Daily Chart by TradingView Just like its fellow shiny metal, gold, silver has been on a tear in the past few days! After all, risk-on vibes and anti-dollar flows have been in play, propping up higher-yielding assets like commodities on expectations that the Fed might…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Share: EUR/USD moves sideways ahead of Thursday’s release of US PPI and Retail Sales data. US Fed is expected to cut interest rate in June despite upbeat inflation data. ECB policymakers have signaled the possibility of a rate cut in the upcoming spring season. EUR/USD remains steady near 1.0950 during Thursday’s Asian session, in an attempt to maintain gains from the prior session. The EUR/USD pair received a boost as the US Dollar (USD) struggled to sustain its strength despite higher US Treasury yields spurred by positive inflation data. Market participants are eagerly anticipating the release of the…
bombermoon/iStock via Getty Images China “does not want the U.S. to have its own domestic [solar] industry… it’s a pretty dire situation,” First Solar (NASDAQ:FSLR) CEO Mark Widmar told the Financial Times on Wednesday, a day after warning a Senate committee that the U.S. risks becoming “a de facto extension of China’s Best and Road Initiative.” A flood of Chinese-produced solar panels is driving prices to record lows in the U.S., causing U.S. power companies to favor imports over more expensive domestic panels; in response, North American manufacturers say they are pulling back on expansion plans despite incentives available under…
US DOLLAR FORECAST – EUR/USD, USD/JPYThe U.S. dollar slides but rising U.S. yields keep losses containedU.S. PPI and retail sales data on Thursday will steal market’s attentionThis article examines the outlook for EUR/USD and USD/JPYMost Read: Euro Outlook & Market Sentiment Analysis – EUR/USD, EUR/GBP & EUR/JPYThe U.S. dollar experienced a slight dip on Wednesday, although its descent was cushioned by an uptick in U.S. Treasury yields. In any case, FX volatility remained subdued as traders appeared to refrain from taking large directional positions ahead of Thursday’s key events on the U.S. calendar: the unveiling of the Producer Price Index…
The US trading day was void of economic releases. The Fed is in a blackout period ahead of the rate decision next Wednesday. There was oil inventory data released, and it showed a surprise drawdown of -1.536M when the market was expecting a build of 1.338M. That kept oil prices supported/higher. Crude oil rose to high of $79.90 just short of the natural resistance at $80.00, before rotating back to $79.54 currently. Nevertheless, the price is still up close to $2 on the day or 2.60%.IN the forex, the low to high ranges did extend in the US session (from…
Are traders changing their tune on Fed interest rates and bond yields after this week’s U.S. inflation updates? If so, could we see the U.S. 10-yr Treasury yield rally back to February highs? Let’s take a look at the calendar and charts to find out! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link