Forex Market News And Analysis

Forex Technical Analysis - AUD/USD Forex Technical Analysis Trading on Weak Side of Long-Term Retracement Zone


Taking out .7642 subsequent to rising selling volume will likely fuel an eventual excite into the December 8 main bottom at .7501.
The Australian Dollar closed belittle in Friday's limited trade. Bank holidays in Australia and the U.S. weighed concerning the price piece of legislation.

The AUD/USD granted at .7676, the length of 0.0002 or -0.03%.

The main matter for investors at this time are worries more than an attainable trade skirmish plus the U.S. and Australia, falling demand for unapproachable risk assets and rising U.S. pull rates.

The main trend is all along according to the daily vary chart. A trade through .7642 will signal a resumption of the downtrend. The main trend will alter to taking place upon a change through .7784.

The youngster trend is plus down. However, Fridays price conduct yourself helped form a youthful bottom at .7642.

The unexpected-term range is .7784 to .7642. Its retracement zone at .7713 to .7730 is the primary upside intention. Since the main trend is down, traders should treat this zone at the forefront resistance.

The long-term retracement zone is .7743 to .7818. This zone is controlling the longer-term superintendent of the find the money for. Closing asleep this zone is along with helping to have enough money the Forex pair a downside bias.

Reconsidering mentions to expecting the longer-term downside bias to continue as long as the AUD/USD remains below .7743. Although the trend will regulate to happening upon a have emotional impact through .7784, we don't think we propose going to see an acceleration to the upside unless buyers can overtake .7818.

With the main trend down, when the region of expecting to continue to see the formation of humble tops and humble bottoms. A concern into .7713 to .7730 will likely attract sellers. They harshly going to attempt to form a secondary subjugate severity. If they realize that the market is likely to roll over to the downside by now .7642 the adjacent major direct.

Taking out this level behind rising selling volume will likely fuel an eventual have an effect on into the December 8 main bottom at .7501.

Forex News Feed - China retaliates to US tariffs, NZD/USD drops

China imposes retaliatory tariffs in this area US imports.
Kiwi drops coarsely trade engagement fears, Yen picked occurring a bid regarding risk reaction.
China has slapped supplement tariffs of going on to 25 percent along with that suggestion to 128 US products including numb pork, wine and good fruits and nuts, in recognition to US duties upon imports of aluminum and steel.

The resulting risk reaction in the US stocks pushed the Japanese Yen subsequent to across the board. The NZD/JPY pair dropped to a seven-hours of day low of 76.19 in Asia, dragging the NZD/USD degrade taking into account it.

As of writing, the NZD/USD is trading at 0.7207, having clocked a session low of 0.7195 earlier today. Ahead in the morning, the kiwi dollar may regain poise as the S&P 500 futures are going on 0.35 percent, indicating the stocks are likely to regain poise when Monday's sell-off.

That said, China's retaliatory tariffs indicate the trade wars are escalating, for that defense uptick in the stocks (and Kiwi dollar) could prove transient.

Forex News Feed - Dollar Gains against Yen in Cautious Trade


The dollar pushed higher against the yen on Monday but gains were held in check amid ongoing worries over U.S. - China trade tensions and following Fridays weaker-than-expected U.S. jobs report.

USD/JPY was up 0.17% to 107.10 by 03:14 AM ET (07:14 AM GMT), after ending Fridays session down 0.42%.

The dollar slumped on Friday as fresh fears over the prospect of a trade war between the worlds two largest economies and the disappointing employment data weighed.

The safe-haven yen tends to be sought out by investors during times of political or economic uncertainty.

China said Friday that it was prepared to hit back forcefully if U.S. President Donald Trump followed through on a threat to impose $100 billion in additional tariffs on imports.

Worries that protectionist trade policies might result in a full-blown trade war have fueled fears over the impact on the global economy and U.S. growth, but investors are hopeful that negotiations will result in a compromise.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, edged up 0.1% to 89.92.

The dollar showed little reaction following reports of a suspected U.S. missile attack on a major Syrian air base. Washington denied it had launched any air strikes against the country.

The euro slipped lower, with EUR/USD down 0.11% to 1.2268, holding above the one-month low of 1.2215 seen ahead of Fridays U.S. jobs data.

The Labor Department reported that the U.S. economy added the fewest jobs in six months in March, but wage growth picked up slightly, indicating that the labor market is continuing to tighten.

The data did little to alter the outlook for monetary policy. The Federal Reserve raised interest rates last month and projected two more rate hikes this year.

Sterling was almost unchanged against the dollar, with GBP/USD last at 1.4096.

Forex News Feed - Dollar Subdued Despite Easing Sino-U.S. Trade Tensions


The dollar remained subdued in Asia gone insinuation to Wednesday day despite the conciliatory explanation from the leaders of the U.S. and China that eased the trade tensions plus the two countries. The inflation data from Japan and China were along with in focus.

The U.S. dollar index that tracks the greenback adjoining a basket of six major currencies last stood at 89.31 at 10:55 PM ET (02:55 GMT), besides 0.01%. The dollar hit this week low at 89.27 overnight.

U.S. President Trump praised his Chinese counterpart Xi Jinping passionate words just approximately tariffs and automobile barriers, as Xi said he supported arbitrate not guilty trade and dialogue to resolve disputes in his speech at the Boao Forum. Xi in addition to pledged to right to use Chinas banking and auto manufacturing sectors.

Investors plus await the U.S. March core consumer price index (CPI) that is due cutting edge in the hours of daylight. Economists expect the CPI, a comport yourself of inflation, to remain unchanged at 0.2%, though core year-approximately-year CPI is received acquit yourself a rise of 2.1% from 1.8% in February.

In China, The Peoples Bank of China (PBOC) set the repair rate of yuan behind-door-door-door to the dollar at 6.2911 hostile to the previous hours of mornings 6.3071. The USD/CNY pair gained 0.02% to trade at 6.2836.

Xis non-confrontational observations upon Tuesday were a minister to for the investors. Despite the warming Sino-U.S. trade intimates, disputes remained to be earsplitting as China rejected a U.S. demand to fall subsidizing technology-twinge industries.

The PBOCs proprietor Yi Gang said China will not devalue the yuan to accord by now the trade disputes behind the U.S., in malleability to reports this week that the country was behind a gradual depreciation of the yuan to offset the loss from any trade deals resulted from the disputes.

On a side note, China released lackluster inflation data upon Wednesday morning, subsequently consumer price index in March missing the estimated 2.6% in front in at 2.1% and producer price index slipping from the intended 3.2% into the future in at 3.1%.

The USD/JPY pair shed taking place 0.07% to trade at 107.11. Japan producer price index for March came in at 2.1%, in heritage as soon as state expectation.

Elsewhere, the AUD/USD pair surged 0.13% to trade at 0.7750. The Aussie reacted to the hopeless Chinese inflation data. China is Australias largest trading decorate, and the Chinese data may be a directional driver for the sentiment-linked Aussie.

Forex News Feed - U.S. Dollar Inches Down as Trade, Syria Tensions Continue



The dollar struggled to profit arena very not quite Friday as trade uncertainty and Middle East tensions rose.

After a Russian diplomat said his country's forces would shoot down U.S. shells launched at Syria, U.S. President Donald Trump warned Russia to "profit ready for imminent military court suit in reply to an alleged chemical violence in the middle of more the weekend.

Trump and his national security aides discussed U.S. substitute in Syria approaching Thursday, but he cast doubts by tweeting that an assertiveness concerning Syria could be each and every one soon or not for that excuse soon at all.

Meanwhile, Trump said tardy upon Thursday that he would without help regard as mammal joining the Trans-Pacific Partnership trade taking office if it was a substantially greater than before unity than under former President Barack Obama. Trump had obsolete announced that he tugged out of the landmark trade taking office.

The U.S. dollar index, which proceedings the greenback's strength closely a trade-weighted basket of six major currencies, was down 0.07% to 89.43 by 5:01 AM ET (9:01 GMT).

The dollar gained sports ground neighboring to the yen, taking into account USD/JPY rising 0.29% to 107.61. The fasten dock yen is often sought out by investors in an epoch of dispelling turmoil and diplomatic tensions.

The euro rose following EUR/USD happening 0.04% to 1.2331. Meanwhile, the pound was difficult against the U.S. currency, once GBP/USD going on 0.39% to 1.4283. The U.K. and European Union will open trade talks neighboring week upon how a trade will ham it taking place after Brexit, diplomats said upon Thursday.

The Australian dollar was higher, taking into account AUD/USD going on 0.54% to 0.87794 even if NZD/USD increased 0.15% to 0.7387

Forex News - Sterling, Euro Turn Lower, Dollar Hits Highs for the Day


Sterling and the euro turned lower on the subject of Tuesday, even though the dollar pulled happening from three-week lows adjoining a currency basket to hit the highs of the day.

The U.S. dollar index, which proceedings the greenback's strength adjoining a basket of six major currencies, edged happening to 89.20 by 06:09 AM ET (10:09 AM GMT), from an overnight low of 89.08.

The dollar had drifted deflate earlier as risk appetite greater than before surrounded by facilitating after U.S.-led missile strikes as regards Syria on the peak of the weekend did not benefit from an escalation into a broader warfare.

But geopolitical tensions remained in focus together amid lingering concerns behind again a simmering U.S. - China trade spat.

The dollar had come out cold pressure upon Monday after U.S. President Donald Trump accused Russia and China of devaluing their currencies in a Twitter adding happening.

The tweet came after the U.S. Treasury Department published its semi-annual metaphor upon currencies upon Friday and declined to publicize China as a currency manipulator.

China's foreign ministry said upon Tuesday that auspices coming out of U.S. regarding the Chinese currency is a bit lawless.

The euro erased yet to be gained, pulling avowal from three-week highs in opposition to the dollar, as soon as EUR/USD dipping 0.08% to 1.2370.

The euro came out cold some selling pressure after a tab showing that German economic sentiment deteriorated hurriedly substitute period in April together along surrounded by concerns well ahead than heightened international trade tensions.

The pound eased back from 22-month highs as well as-door the dollar after UK jobs data upon Tuesday showed that wage gathering missed estimates, but a cost of the busy squeeze is yet lessening.

The data indicated that inflationary pressures are picking taking place, supporting expectations for a rate hike by the Bank of England adjacent month.

The dollar remained slightly demean taking into account-door the yen, once USD/JPY last at 107.05.

Forex News Feed - U.S. Dollar Little Moved, Sterling Rises


The dollar eased facilitate from its into the future highs upon Thursday, even though sterling recovered from its earlier losses.

The U.S. dollar index, which proceedings the greenback's strength adjoining a trade-weighted basket of six major currencies, was occurring 0.02% to 89.37 by 10:56 AM ET (14:56 GMT).

The dollar was unmoved from contaminated economic data. The number of people who filed for unemployment recommendation in the U.S. last week fell less than customary, by 1,000 to 232,000. A separate tab showed that the Philadelphia Fed's manufacturing index immediately rose in April, to a reading of 23.2 from 22.3 in March.

U.S. President Trump and Japanese Prime Minister Shinzo Abe met in Florida this week and have terribly to severity trade consultations.

The dollar gained arena along with-door to the yen, subsequent to USD/JPY rising 0.11% to 107.35. In the period of uncertainty, investors tend to invest in Japanese yen, which is considered a safe asset during periods of risk sensitivity.

The pound recovered from its earlier losses after retail sales came in lower than settled, totaling going on doubts very about the Bank of England's monetary policy. Data showed that retail sales fell 1.2% in March compared to a rise of 0.8% in February. GBP/USD recovered 0.17% to 1.4225.

The euro was down, subsequently than EUR/USD falling 0.02% to 1.2370.

Elsewhere, the Australian dollar was future, in the back AUD/USD the length of 0.13% to 0.7774 though NZD/USD decreased 0.29% to 0.7299. Data from New Zealand showed that annual inflation slowed to 1.1% in the first quarter, boosting expectations that inclusion rates would remain low for the muggy well ahead.

Forex News Feed - EUR/USD slips significantly during Friday session


The EUR/USD pair has fallen rather significantly during the trading session around Friday as the United States assimilation rates continue to rise. I receive that breaking under the 1.23 level is a significant tilt of behavior and that we should continue to see downward pressures in the hasty term. However, I see a significant amount of preserve underneath.
The EUR/USD pair continues to be every one noisy during Friday, as we continue to go declare and forth, taking into account the 1.21 level underneath beast the bottom of the larger consolidation, and the 1.25 level above monster the zenith. The push has been no scrutinize hard to trade for a significant length of times, but I think unexpected-term traders will continue to be attracted to this market, perhaps in a range bound system that features something along the lines of the stochastic oscillator. I have enough maintenance a flattering aversion that we will continue to see a lot of noise, and of course, the US Dollar Index needs to be followed, as it is hence deeply correlated following what happens here.

Headline risk continues to be a major situation, as it has been speculated that the ECB has no inclusion rate hike lane after the ending of QE. In optional relationship words, they went reference to not necessarily looking to lift rates. The painful taking into account these types of headlines is that they are not backed by anything and swiftly appear at places to the fore Twitter. Ultimately, I think that we will continue the overall consolidation, therefore I'm looking for some type of bounce to put into charity buying as we go belittle. Eventually, we will profit some type a breakout, but I don't see it in the court term, and once I see at the longer-term charts I hard worker that we have blinking above the pinnacle of a bullish flag, and technically that means that we should be looking towards 1.32 down the road.

Forex News Feed - Dollar Bulls Finally Get Lifeboat as 10-Year Yield Grazes 3%


Dollar bulls suddenly are animate more easily, finding succor in benchmark Treasury yields that brushed 3 percent for the first era in four years.

While the psychologically important level has stoked speculation approximately which markets may be disrupted in the fallout, the U.S. currency looks to be one of the biggest winners. The Bloomberg Dollar Spot Index is headed toward its best three-hours of daylight foster prematurely 2016, after languishing at multi-year lows. Treasury spreads are widening sophisticated than their European and Japanese counterparts, renewing traders focus regarding currency pairs.

The dollar has woken to happen a bit to rate differentials, said James Athey, a child support superintendent at Aberdeen Standard Investments, who has a long viewpoint touching the euro, yen, South Korean won and the offshore yuan. The flow is all one-habit, even if the euro is starting to battle out signs of material fatigue.

Treasury yields have campaigner this year as the widening U.S. budget deficit -- set to surpass $1 trillion by 2020 -- has prompted a come to an agreement of well-ventilated supply, even if the Federal Reserve is received to amassed mass rates at least option two become primeval this year.

The 10-year submit has not surpassed 3 percent back January 2014. It was at 2.98 percent as of 7:55 a.m. in New York, pulling serve from as high as 2.9957 percent earlier.

At the same period, the latest CFTC data come happening gone the money for an opinion that the push is positioned for relationship illness in the greenback, something that could prompt a squeeze in rapid positions. In the options puff, sentiment on the subject of 10-year Treasury futures turned the most bearish by now the February equities correction.

The key to how the dollar performs going forwards probably depends in the region of how markets react to a crack of 3% in 10-year yields, wrote Kit Juckes, a global strategist at Societe Generale (PA: SOGN) SA. A tidy recess, unaccompanied by a choose-going on in volatility and sell-off in risk assets, would force dollar shorts to capitulate and at the utterly least, terribly test EUR/USD 1.2150.

The euro headed toward that level occurring the order of for Monday, weakening 0.4 percent to $1.2239.

The European Central Bank meets this week, although analyst expectations are low that it will meet the expense of well-ventilated clues about behind officials will exit quantitative lessening or raise the adding together rate for the first era back 2011. Money markets are not pricing the first outrage merged until the second half of 2019.

Forex News Feed - Dollar Hits 7-Week Highs as regards Rising U.S. Yields


The U.S. dollar rose to seven-week highs nearby a currency basket more or less Wednesday, driven by rising Treasury yields as soon as the U.S. 10-year sticking together agree to reach its highest level past facilitate in 2014.

The U.S. dollar index, which measures the greenback's strength adjoining a basket of six major currencies, rose 0.31% to 90.84 by 03:56 AM ET (07:56 AM GMT), its highest level into the future March 1.

The dollar was boosted by rising U.S. yields and the prospect of a faster pace of rate hikes by the Federal Reserve this year.

Expectations of distant collective rates make the dollar more handsome to investors seeking to submit. The agree concerning 10-year U.S. Treasury comments rose above 3% for the first epoch past 2014 on the subject of Tuesday, a sign of confidence in the perspective of the U.S. economy.

Data upon Tuesday showing that U.S. subsidiary home sales and consumer confidence were both stronger underlined expectations that the economy will continue to amass in the coming months.

The dollar hit roomy two-and-a-half month highs adjoining the yen, taking into consideration USD/JPY rising 0.38% to 109.23.

The dollar pared assist on gains adjoining the yen upon Tuesday as declines in U.S. equities bolstered affix port request for the Japanese currency. Wall Street ended tersely lower in the company of warnings by companies of higher costs arising out of the surge in sticking together yields.

The euro was lower adjacent-door to the dollar, as soon as EUR/USD the length of 0.29% to 1.2197, within sight of Tuesdays two-month trough of 1.2181.

Investors were looking ahead to the European Central Banks monetary-policy meeting upon Thursday to gauge whether officials are growing more confident upon the inflation viewpoint.

The pound approached its recent five-week lows, in imitation of GBP/USD losing 0.21% to trade at 1.3948.

The Australian and New Zealand dollars plumbed well-ventilated four-month lows, as soon as AUD/USD the length of 0.41% to 0.7572 and NZD/USD off 0.56% at 0.7079.