Action Insight
Currency Markets Stay Generally in Range, Yen Firm But Held by Monday's Highs
The financial markets stabilized today with major European indices trading mixed. DAX jumps 0.5% at the time of writing while FTSE and CAC stays in tight range around break even. US futures also point...
Staying Positive In USDJPY Despite Near-Term Weakness
Trump administration's failure to repeal and replace Obamacare has hurt market sentiment, triggering concerns over the feasibility of the president's pro-growth policy agenda. In the FX market, US dol...
Trade Ideas
Trade Idea Update: GBP/USD - Buy at 1.2490
Cable's retreat after rising to 1.2616 yesterday suggests consolidation below this level would be seen and below 1.2530 would bring retracement to 1.2490-00, however, price should stay well above...
Trade Idea Update: EUR/USD - Buy at 1.0800
As the single currency has retreated after surging to 1.0906 yesterday, suggesting consolidation below this level would be seen and pullback to 1.0835 (38.2% Fibonacci retracement of 1.0719-1.0906)...
Technical Outlook
EUR/USD Mid-Day Outlook
A temporary top is in place at 1.0905 and intraday bias in EUR/USD is turned neutral for some consolidations. Further rise is expected as long as 1.0760 minor support holds. Above 1.0905 will turn bia...
Options & Orders
European session: orders and options watch
EUR: The single currency retreated after rising to 1.0906 yesterday, however, bids are still noted at 1.0835, 1.0820 and 1.0800, buy orders are reported at 1.0780 and 1.0765, buying interest is tip...
Contributors
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Economic Data
GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
---|---|---|---|---|---|---|
12:30 | USD | Advance Goods Trade Balance Feb | -64.8B | -66.6B | -69.2B | -68.8B |
12:30 | USD | Wholesale Inventories Feb P | 0.40% | 0.20% | -0.20% | |
13:00 | USD | S&P/Case-Shiller Composite-20 Y/Y Jan | 5.70% | 5.60% | 5.60% | 5.50% |
14:00 | USD | Consumer Confidence Mar | 113.7 | 114.8 |
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