December 17, 2024 at 09:32AM Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign…
December 16, 2024 at 05:58PM The GBP/USD and EUR/USD are both trading higher on the day, with GBP/USD outperforming. The GBP/USD is currently up by 0.52%, trading at 1.2618 after testing a low of 1.2615 earlier. Meanwhile, the EUR/USD is up by just 0.05%, recovering from its low of 1.0475…
December 13, 2024 at 07:35PM GBPUSD Technical Analysis: Sellers Regain Control The GBPUSD started the week in a choppy trading range, with buyers repeatedly testing the 200-bar moving average (MA) on the 4-hour chart. Over the first four days (and last Friday), the price briefly moved above this MA multiple…
December 12, 2024 at 07:47PM The buyers had their chances to push higher, but momentum failed to materialize. Over the past five trading days, the price moved above the falling 200-bar moving average (MA) on the 4-hour chart during four sessions. On the fifth day, the high for the session…
December 11, 2024 at 10:28AM Fundamental Overview The US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached the peak in the repricing of interest rates expectations, and it will need stronger reasons to price out the remaining…
December 09, 2024 at 01:46PM The US stocks are mixed with the S&P and Nasdaq marginally lower while the Dow is marginally higher. European shares are mixed as well. US yields are higher by close to 2 basis points (2 year up 1.8 bps at 4.116% and 10 year up…
December 06, 2024 at 08:09PM Morgan Stanley shares a tactically bullish stance on the USD, citing strong US data and trade policy risks. The EUR faces headwinds from weak domestic growth and tariff-related risks, while the GBP benefits from fiscal-driven growth and high rate differentials. Key Points: USD: View: Bullish.…
December 06, 2024 at 03:28AM The GBPUSD moved higher yesterday helped by the USD selling but once the price stretched to the 50% midpoint of the November trading range, the buyers started to shift to sellers and the price wandered lower into the close. That level comes in at 1.27669.…
December 05, 2024 at 11:03AM Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack…
December 04, 2024 at 10:31PM The major currency pairs yesterday moved up and down in yesterday’s trading as the markets reacted to weaker PMI data, ADP jobs which wer as expected but lower than last month. Productivity was a disappointment at -0.4% for Q3 vs -0.2% estimate Factory orders came…
