Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
13
February
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By Sagar Dua - 223
EUR/USD. The European currency is extending the corrective impulse that began last Tuesday, which allowed the single currency to retreat from the local highs seen on January 30. At present, the EUR/USD pair is testing the 1.1860 level for a downside breakout, while market participants await new drivers from key macroeconomic data scheduled for release today at 12:00 (GMT+2).
12
February
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By Sagar Dua
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EUR/USD. The euro is testing the 1.1870 level for a downside breakout, extending a fragile short-term bearish trend that began last Tuesday. Investor focus remains on macroeconomic data from the eurozone, which continues to signal structural weakness in the European economy and reinforces expectations of an earlier monetary easing cycle by the European Central Bank (ECB).
11
February
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By Sagar Dua
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United States. The US dollar is losing ground against its major peers — the pound, the euro, and the yen.
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By Sagar Dua
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DJIA. The Dow Jones Industrial Average is consolidating near 50,257.7, with trading activity subdued ahead of the release of the U.S. January labor market report today at 15:30 (GMT+2). According to the consensus forecast, nonfarm payrolls are expected to increase from 50.0K to 70.0K, while annual average hourly earnings growth is projected to slow from 3.8% to 3.6%. Such dynamics would signal easing inflationary pressure and reduce the likelihood of a faster monetary easing cycle by the Federal Reserve this year.
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By Sagar Dua
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USD/JPY. During the Asian session, USD/JPY remains in a downward trend near 153.50. Pressure on the pair intensified after the decisive victory of Japan’s Liberal Democratic Party in the snap lower house elections, where it secured 316 out of 465 seats, surpassing the two-thirds threshold required to independently advance its legislative agenda.
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By Sagar Dua
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EUR/USD. The euro is erasing the corrective impulse formed a day earlier, when EUR/USD retreated from the January 30 local highs. During the Asian session, the pair is testing 1.1910 for a breakout to the upside as traders await fresh catalysts.
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By Sagar Dua
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EUR/USD. The euro is extending the corrective pullback formed yesterday after EUR/USD retreated from its January 30 local highs. During the Asian session, the pair is testing the 1.1880 level to the downside as traders await fresh catalysts.
10
February
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By Sagar Dua
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EUR/USD. The single European currency is showing mixed trading in the EUR/USD pair during the Asian session, consolidating near the 1.1900 level and around the local highs of January 30, supported by the European Central Bank’s (ECB) predictable monetary policy. The regulator does not rule out a rate hike should inflationary pressures re-accelerate.
9
February
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By Sagar Dua
- 237
EUR/USD The European currency is showing moderate gains against the US dollar, extending the corrective momentum formed at the end of last week and testing the 1.1820 level for an upside breakout, while market participants remain cautious and refrain from opening new positions in the absence of fresh catalysts.
6
February
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By Sagar Dua
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United States The U.S. dollar is weakening against the euro and the pound, while showing mixed dynamics against the yen.
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By Sagar Dua
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The Dow Jones Index is trading in a local sideways range near 48,802.0, as the formation of a устойчивый bullish impulse continues to be constrained by risks of slowing business activity and a persistent imbalance across key sectors of the U.S. economy.
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By Sagar Dua
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After updating the July 2011 low, the USD/CHF pair has gained 2.15% and is now approaching the 0.7822 resistance level: the rapid bullish rally in precious metals has given way to a sharp correction, with gold down 12.7% from recent highs and silver plunging a record 37.0%.
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