2020-03-11 • Updated
Performance in 2020: +1.2%
Last day range: 1.1332 – 1.1458
52-week range: 1.0777 – 1.1496
While the American stock market is disoriented, oil price slumps and the shale companies are brainstorming their way to stay in the business, the euro gets stronger against the US dollar. EUR/USD trades at 1.1363 - the range of one-year highs. They were broken already on Monday, so now the currency goes in a downward correction. The Awesome Oscillator indicates the high ground reached by the currency pair, and before it goes further up it would need to take some rest to gather momentum. In the context of the latest global events, clouds are gathering above the USD. Hence, fundamentally, until good news come to the American side, the dollar is very likely to lose ground to the euro. In the meantime, the ECB interest rate press conference is a major thing to watch this week, so eyes open.
Resistance 1: 1.1505, Resistance 2: 1.1576
Support 1: 1.1340, Support 2: 1.1280
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie...
Gold prices rose on Monday as the US Dollar weakened amidst speculation about potential Federal Reserve rate cuts starting in June. This weakened Dollar was partly due to improved risk sentiment pushing US Treasury yields lower. Despite facing challenges from declining yields, gold prices recovered to nearly $2,170 per troy ounce, driven by the Dollar's weakness. Federal Reserve Chair...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
