The US Dollar managed to regain some balance and stage a tepid rebound helped by the resumption of concerns over US tariffs, as well as a widespread selling pressure in the risk-linked universe. Here is what you need to know on Wednesday, February 19: The US Dollar Index (DXY) regained the smile and reversed a … Read more
EUR/USD slips to 1.0450 on Tuesday, cooling off after last week’s strong rally. RSI declines sharply to 55, signaling waning bullish momentum while MACD remains flat with green bars. The 20-day and 100-day SMAs are converging near 1.0450, raising concerns over a potential bearish crossover. EUR/USD took a step back on Tuesday, shedding 0.32% to … Read more
Federal Reserve (Fed) Bank of San Franciso President Mary Daly noted on Tuesday that prospects of further rate cuts this year remain murky in the face of policy uncertainty despite an overall positive lean to US economic factors. Key highlights The US economy is in a good place. GDP growth and the labor market are … Read more
So far, February has been a choppy period for USD/JPY. Having rallied since the start of the year, the Japanese Yen (JPY) succumbed to profit taking earlier this month only to rebound in recent sessions, Rabobank’s FX analyst Jane Foley notes. USD/JPY is on course to the December low in the 148.65 area “Yesterday USD/JPY … Read more
Walmart earnings on Thursday are top focus of Dow Jones traders this week. Wall Street expects $0.65 in adjusted EPS for Q4. WMT stock has risen 85% over the past year. Revenue is expected to reach $179 billion in Q4. Walmart (WMT) is among the major concerns offering earnings results this week and the … Read more
US Dollar (USD) is likely to trade in a range between 7.2500 and 7.2780 vs the Chinese Yuan (CNH). In the longer run, increase in momentum suggests USD could decline to the major support at 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Above 7.2960, USD/CNH to stop targeting the downside … Read more