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GBP/USD

Feagler67 Posted 12 Jan.  in #Trader's blog
Dear traders,
The GBP/USD pair posted a lower low and a lower high for a fourth consecutive day, but bounced from 1.3457, to end the day with gains around 1.3550. The Pound has been quite vulnerable ever since the week started, despite reporting on Wednesday that manufacturing output expanded at its fastest rate since early 2008, as a new round of Brexit talks looms. Fears that things will get tougher from now on, and that the effects of Brexit will hit hard the UK economy, dented demand for Ste…
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EUR/USD

Feagler67 Posted 11 Jan.  in #Trader's blog
Dear traders,
The common currency got a nice boost from the release of ECB's Meeting Minutes, surging to a fresh 3-day high of 1.2026 against the greenback, later extending it up to 1.2035 on US data miss. The document released by the European Central Bank reminded investors how confident policymakers are about the economic recovery, with no dovish in-between lines. US Producer Price index rose by less-than-expected in December, also below November levels, up yearly basis by 2.6% from previous 3…
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GBP/USD

Feagler67 Posted 10 Jan.  in #Trader's blog
Dear traders,
The spot erased entire losses and trades neutral, as the bulls fight back control amid an extension of the sell-off in the US dollar against its main competitors, as investors sold-off the buck in reaction to the latest comments by the Chinese official. The Chinese officials are reportedly considering to slow or halt the purchases of the US Treasuries, viewing them as less attractive to other assets. The USD index accelerated declines, now flirting with two-day lows of 91.75, down …
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EUR/USD

Feagler67 Posted 9 Jan.  in #Trader's blog
Dear traders,
Better-than-expected European data were not enough to prevent the common currency from extending its latest decline, now trading at fresh 2-week lows against the American dollar, around 1.1930. German Industrial production rose in November by more than expected, up 3.4% in the month, from -1.4% MoM in October, the strongest monthly increase since September 2009. Yearly basis, industrial production was up by 5.6%, doubling the previous reading. The country's trade balance posted a €…
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USD/JPY

Feagler67 Posted 8 Jan.  in #Trader's blog
Dear traders,
The USD/JPY settled higher at 113.06 but spent the week ranging between December bounds. The weaker-than-expected US jobs report released on Friday triggered a pullback from a daily high of 113.29, but rising Treasury yields and stocks, these last, rallying to record highs, kept the downside in check. The pair can open the week with a gap, amid words from PM Abe during the weekend, as he called on central bank governor Kuroda to keep up efforts to reflate the economy, but added tha…
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AUD/USD

Feagler67 Posted 7 Jan.  in #Trader's blog
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Australian Trade Balance for November came in very wide of the mark at -628M v an expected 915M. The previous reading was revised down to -302M from 105M. This was the second month in a row where there was a substantial miss to the downside. AUDUSD moved lower from 0.78679 to 0.78429. Eurozone Markit Services PMI (Dec) data was out Wednesday morning, coming in at 56.6 v an expected number of 56.5, with the previous reading coming in at 56.5. Markit PMI Composite (Dec) was also due …
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EUR/USD

Feagler67 Posted 6 Jan.  in #Trader's blog
Dear traders,
The American Dollar started 2018 as it ended 2017, with a soft tone against all of its major rivals. The EUR/USD pair advanced up to 1.2088, its highest since posting 1.2092 last September, the highest for the year. However, there was no follow-through to dollar's slump after hitting fresh multi-month lows, and surprisingly, the currency is fighting back in this last day of the week, despite US December Nonfarm Payrolls' miss.
Good trading!
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GBP/USD

Feagler67 Posted 5 Jan.  in #Trader's blog
Dear traders,
The GBP/USD pair recovered some of the ground lost in the previous sessions, settling in the 1.3540 price zone by the end of the US session. Dollar's weakness coupled with a strong Markit Services PMI. According to the survey, business activity growth picked up across the UK services sector, with the index up to 54.2 in December from 53.8 in November, although the report also showed that input price inflation hit a three-month high. U.K. mortgage approvals were little changed in No…
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EUR/USD

Feagler67 Posted 4 Jan.  in #Trader's blog
Dear traders,
Majors closed the day mixed, with the European currencies being the worst performers against the greenback. The EUR/USD pair extended its retracement from the multi-month high of 1.2008 to trade as low as 1.2003 early US session, to finally settle around 1.2015. The American dollar found some demand ahead of the US opening, helped by the release of some solid local data, as the ISM manufacturing PMI for December, came in at 59.7, well ahead of the 58.2 figure for November, also bea…
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GBP/USD

Feagler67 Posted 3 Jan.  in #Trader's blog
Dear traders,
The GBP/USD pair trades at its highest since mid-September, with the Pound recovering its upward momentum after a softer-than-expected local Markit report. The December manufacturing index printed 56.3, down from November's 58.2 and also below market's expectations of 58.0, temporarily interrupting the pair's rally, although the figure was well above long-run trends, which alongside with dollar's weakness, limited the decline. The pair has room to extend its advance toward the 1.36…
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