FOREX TODAY: DOLLAR BULLS TRYING THEIR LUCK AMID CAUTIOUS OPTIMISM Here is what you need to know on Tuesday, July 26: Tepid optimism remains the main underlying theme in Tuesday’s trading so far, with the US dollar finding some...
FOREX TODAY: DOLLAR BULLS TRYING THEIR LUCK AMID CAUTIOUS OPTIMISM Here is what you need to know on Tuesday, July 26: Tepid optimism remains the main underlying theme in Tuesday’s trading so far, with the US dollar finding some...
EUR/GBP SEES MORE LOSSES BELOW 0.8470 DESPITE SUPPLY WORRIES IN EUROPE EUR/GBP is eyeing more weakness if the cross drops below 0.8470. Investors have ignored energy issues in Europe as Russia has cut-off energy supply from its main pipeline....
GBP/JPY PRICE ANALYSIS: INVERSE H&S LURES BULLS, 165.00 IS THE KEY GBP/JPY fades the week-start recovery as buyers flirt with bullish chart pattern. Sustained trading above 50-HMA, firmer RSI teases bulls. Successful trading above 165.00 appears necessary to aim...
EU ENERGY POLICY CHIEF: NO TECHNICAL REASON FOR RUSSIA TO FURTHER CUT NORD STREAM FLOWS European Union (EU) Energy Policy Chief Kadri Simson said on Tuesday, there is no technical reason for Russia to further cut Nord Stream 1...
USD/RUB SELLERS ATTACK 58.00 AMID RUSSIAN SUPPLY CUT FEARS, SOFTER USD USD/RUB remains pressured around intraday low, reverses the week-start rebound. EU’s Energy Chief Simson highlights the need to be ready for supply cuts from Russia at any moment....
AUD/USD PRICE ANALYSIS: ADVANCES TOWARDS 0.7000 AFTER AN ESTABLISHMENT ABOVE 200-EMA An establishment above 38.2% Fibo retracement and 200-EMA bolsters a bullish reversal structure. The RSI (14) has shifted into a bullish range of 60.00-80.00 which indicates a sheer...
SILVER PRICE ANALYSIS: XAG/USD CLINGS TO GAINS NEAR MID-$18.00S, NOT OUT OF THE WOODS YET Silver edged higher on Tuesday and recovered a part of the previous day’s decline. The set-up still favours bearish traders and supports prospects for...
US DOLLAR INDEX LOOKS CAUTIOUS AROUND 106.50 AHEAD OF DATA, FED The index extends the range bound theme in the mid-106.00s. US yields also appear side-lined ahead of he upcoming Fed event. Consumer Confidence, housing data next on tap...
SPAIN’S ENERGY MINISTER: EU MEMBERS COULD REACH AN AGREEMENT ON NATURAL GAS ON TUESDAY Spain’s Energy Minister Teresa Ribera said in a statement that she expects the European Union (EU) member countries to reach an agreement on natural gas during...
EM THEMES AND HIGHLIGHTS OF THE WEEK – TDS Analysts at TD Securities (TDS) offer their outlook on the EM currencies and the main underlying theme impacting them this week. KEY QUOTES “The trend remains for richer G-spread curves...