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Week Ahead – Dollar realigns with US fundamentals, RBNZ meets

Posted on February 19, 2021 at 1:02 pm GMT

There’s been a striking change in the dynamics of the FX market lately, with the US dollar no longer trading exclusively as a safe haven and instead reacting to American economic data. Investors have their eyes on the Fed, even if it is too early to price in a proper QE withdrawal. The main event in the coming week is the RBNZ meeting, where the central bank could strike a more cheerful tone. Fed Chairman Powell also testifies before Congress. [..]

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Technical Analysis – USDCHF slips to 15-month low; oversold signals strengthen

Posted on January 16, 2020 at 3:51 pm GMT

USDCHF having cracked below the 2019 trough in the last minute in December it ticked to 15-month low of 0.9612 on Friday. The bearish short-term bias remains intact but oversold signals are strengthening now as the RSI is testing the 30 level and the Stochastics are diving below 20, while the price itself is already close to the lower Bollinger band, all hinting that the negative action may be running out of steam. The middle Bollinger band currently at 0.9729 [..]

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Asian Session – Policy divergence boosts dollar and pound; uncertainty still lingers for euro

Posted on July 17, 2015 at 7:32 am GMT

The dollar rose to near 3-month highs on Thursday but slipped in today’s Asian session. Thursday’s lower-than-expected initial jobless claims raised expectations that a rate rise could come as early as September. The US currency has been rallying since Yellen’s testimony, which set the path for a rate rise at some point this year, dampening expectations by some analysts that a move would be delayed until early 2016. There were more hawkish tones coming from the Bank of England governor, [..]

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Asian Session: US dollar corrects after soft data; aussie falls on low commodity prices

Posted on April 2, 2015 at 6:52 am GMT

The US dollar was weak after some worse-than-expected data the previous day, which showed that the world’s largest economy may be undergoing a soft patch.  The Australian dollar was also weak. Weaker-than-expected ADP payrolls for March, which posted their smallest gain in more than a year, caused some concern that Friday’s nonfarm payrolls report could also disappoint.  This in turn – if backed by other data – could lead the Federal Reserve to hold off from raising rates for some [..]

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