|Day's range||1.308 - 1.309|
|52-week range||1.2255 - 1.3376|
Investing.com - The dollar fell against its rivals Tuesday as risk-off sentiment boosted the yen, while a rise in sterling also weighed amid reports the EU may offer UK Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal.
The Bank of Canada will release the interest rate on October 24, the market is looking for a rate hike. Let’s consider currency pairs that will be affected by the decision of the BOC the most.
Fresh selling in Oil caps the downside, as the focus shifts to the BOC rate hike plans.
Investing.com – The dollar advanced against its rivals Monday following a slump in the pound amid growing uncertainty about the future of UK Prime Minister Theresa May as Brexit talks remained at an impasse.
The new week starts for us with the analysis of the USDJPY, where we do have a nice bullish setup. In addition to that, USDJPY drew a bullish price formation – Inverse Head and Shoulders pattern (yellow).
Subdued USD demand fails to build on the momentum beyond 1.3100 mark as market focus shifts to this week’s key event risk – BOC monetary policy decision.
Investing.com - This week investors will be looking ahead to Friday’s data on U.S. third quarter growth, while monetary policy decisions from the European Central Bank and Bank of Canada will also be in focus.
Investing.com - The U.S. dollar was lower on Friday as bond yields continued to hold near a one-week high, while the euro was higher.The U.S. dollar index, which tracks the greenback against a basket of other currencies, fell 0.13% to 95.60 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher, with the United States 10-Year note at 3.192%, not far from a one-week high of 3.211% on Thursday. Bond yields rose after hawkish Fed minutes on Wednesday showed the central bank's conviction in gradually increasing interest rates in December and beyond. ...
China sees its slowest growth since 2009 to rile the markets in the wake of a Thursday sell-off that came off the back of positive stats out of the U.S.
Investing.com - The U.S. dollar was higher on Thursday as bond yields rose and minutes from the Federal Reserve’s September meeting supported a rate increase in December.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.13% to 95.47 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher on Thursday, with the United States 10-Year note near a one-week high of 3.211% and the 2-year note at a 10-year high. ...
The USD fails to capitalize on early up-move and seemed to cap gains as Falling oil prices weigh on Loonie
It’s all eyes on the Pound, with Brexit news and UK retail sales figures to provide direction through the day. Any progress on Brexit to be the key driver.
Investing.com - The dollar rose against its rivals Wednesday, shrugging off soft housing market data ahead of the release of the Federal Reserve's September minutes.
Investing.com - The U.S. dollar rose on Wednesday as traders waited for the latest meeting minutes from the Federal Reserve, while sterling was pushed lower over Brexit worries.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.34% to 95.10 as of 11:07 AM ET (15:07 GMT).The meeting minutes from the Fed are released at 2:00 PM ET (18:00 GMT). The central bank took a more hawkish tone at its September meeting when it raised interest rates and dropped the word “accommodative” from its policy stance. ...
Today’s US/Canadian data might provide some impetus ahead of FOMC minutes, while a modest USD rebound helped find decent support ahead of 1.2900 handle
Investing.com - The dollar was off its lows against its rivals Tuesday on upbeat U.S. labor market data and a weaker yen, amid waning safe-haven demand as Wall Street rallied.
Investing.com - The U.S. dollar was under pressure on Tuesday as sterling stayed near the session high.The U.S. dollar index, which tracks the greenback against a basket of other currencies, was down 0.09% to 94.68 as of 11:23 AM ET (15:23 GMT).The greenback remained under pressure despite upbeat jobs data showing the U.S. economy has continued to strengthen, increasing the chances of a Federal Reserve rate hike in December.U.S. job openings rose to 7.14 million in August, according to the Labor Department’s monthly JOLTs report. ...
Even after recovering from 1.1430-25 support-zone, the EURUSD has to surpass 100-day SMA level of 1.1630 in order to justify its strength in targeting the seven-month long descending resistance-line, around 1.1730. Should prices rally beyond 1.1730 on a daily closing basis, the 1.1810 & 1.1850 are likely intermediate halts that can be availed prior to aiming the 1.1920 level, comprising 200-day SMA. In case the pair witness downside pressure, the 1.1520, the 1.1500 and the 1.1430 may entertain short-term sellers before again highlighting the importance of 1.1430-25 area. ...
Investing.com - The dollar was on the back foot Monday as soft U.S. retail sales data raised concerns over whether the strong pace of economic growth can continue.
Loonie gains momentum across the board after Bank of Canada business outlook survey update.
Bullish oil prices exerts downward pressure for the second straight session, while resurgent US bond yields ease USD bearish pressure and helped limit downfall.
While the USMCA brings to an end the coveted free trade agreement, as details of the USMCA emerge, a number of changes were made, while both Canada and Mexico are expected to continue to face aluminum and steel tariffs.
Tuesday could have been a crucial day for the EURUSD. Yesterday the price broke the lower line of the descending triangle but this breakout was false and the price quickly came back above the support. In addition to that, we broke the upper line of this triangle.