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.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Deutsche Bank believes the British Pound is positioned for a short-term relief rally on Wednesday, provided that the government’s budget avoids negative surprises related to gilt issuance, near-term deficit projections, and the amount of remaining fiscal headroom.
EUR/USD. The euro is gaining in the EUR/USD pair, developing a weak bullish momentum formed the day before and testing the 1.1515 level for an upside breakout, while investors are waiting for new catalysts that could clarify the outlook for the European Central Bank’s (ECB) monetary policy.
Netflix Inc. shares, the American entertainment company and streaming service for movies and TV series, are trading at the level of 104.00.
The US dollar is trading with near-flat dynamics against the Japanese yen around 156.63. The pair ended last week with moderate gains and also managed to обновить record January highs.
EUR/USD. The euro shows modest gains against the US dollar, correcting after the predominantly bearish movement of last week, which led to a renewal of the local lows from November 6. Market participants and forex traders are in no hurry to open new positions, waiting for fresh drivers to emerge.
EUR/USD. The euro is trading mixed against the US dollar in the EUR/USD pair, consolidating near 1.1530 as investors wait for the release of November business activity data from S&P Global and Hamburg Commercial Bank (HCOB) at 11:00 (GMT+2).
Shares of ExxonMobil Corp., the U.S. oil and gas company, are trading within a medium-term upward trend. Last week, the price tested the 118.75 level (Murray level [8/8]), but has not yet managed to consolidate above it.
The global upward trend in the shares of the diversified corporation General Electric Co. continues, with the price trading just below the 300.00 mark.
This week, the EUR/USD pair is moving lower, attempting to consolidate below 1.1536 (Murray level [1/8]) amid signs that the Federal Reserve is stepping back from further monetary easing.
The leading U.S. equity benchmark, the S&P 500, is pulling back toward the 6723.0 level.
EUR/USD. The euro is losing ground against the US dollar, extending a short-term bearish trend. The pair is testing the 1.1520 level to the downside as traders await key US labour-market data due at 13:30 GMT, which had been delayed by the record-long government shutdown.
The GBP/USD pair found support near 1.30, but the recovery stalled around 1.32 before the price started drifting lower again.
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