Page 10 - Term Technical News Today

Share: US Federal Reserve maintained the monetary policy unchanged, disappointed. The American currency appreciated during US trading hours amid a deteriorated market’s mood. EUR/USD is at risk of falling in the near-term, but the decline seems corrective. The EUR/USD pair surged to a fresh 2020 high of 1.2212 early during the London session, as hopes fueled demand for high-yielding assets. Progress in US stimulus talks and Brexit negotiations were behind the upbeat mood. Further supporting ...

Share: The RBA’s Minutes anticipated additional easing coming in the near-term. Australia will release the November Westpac Leading Index, previously at 0.12%. AUD/USD holds on to gains near this year’s high, could storm through 0.7600. The AUD/USD pair suffered a setback at the beginning of the day, falling to 0.7506, as the Reserve Bank of Australian Minutes brought a surprise. Policymakers noted that “substantial policy support” would be required for a considerable period, somehow hi...

Share: Australian growth-related figures came in better than anticipated. Australia November employment data could underpin the aussie. AUD/USD continues to consolidate near this year´s high at 0.7577. The AUD/USD pair has spent a fourth consecutive day confined to a tight intraday range near its year’s high. The pair is heading into the Asian opening, trading a handful of pips below such a high at 0.7577, little affected by the dollar’s back and forth. Early on Wednesday, Australia publis...

Share: A scarce macroeconomic calendar ahead of first-tier figures kept EUR/USD ranging. US Republican Senator Mitch McConnell acknowledged Joe Biden as the elected President. EUR/USD continues to consolidate yearly gains above the 1.2100 threshold. Trading was choppy across the FX board this Tuesday, with EUR/USD seesawing within familiar levels. The pair fell to 1.2120 as the dollar benefited from a sour market’s moo, but finished the day little changed around 1.2150. A scarce macroeconomi...

Share: Covid restrictions in the US and Europe weighed on the market’s mood. Brexit’s optimism pushed the shared currency higher during London trading hours. EUR/USD is trading near 2020 highs and with room to advance further. The EUR/USD pair flirted with this year’s high and traded as high as 1.2176, as Brexit’s optimism weighed on the dollar’s demand throughout the first half of the day. The market’s sentiment suffered a sharp U-turn after Wall Street’s opening, with the green...

Share: The Australian dollar held on to higher ground despite falling equities. Iron ore futures plummeted after reaching fresh multi-year highs last week. AUD/USD remains confined to tight intraday ranges near 2020 highs. The AUD/USD pair is ending the day unchanged around the 0.7540 level but managed to post a fresh 2020 high of 0.7577. The pair remained confined to a tight intraday range despite the greenback’s swings against other rivals.  Falling iron ore futures limited the aussie’s ...

EUR/USD Current Price: 1.2137 European Central Bank acts as expected, “recalibrates” monetary policy instruments. Soft US data supports EUR/USD on Thursday. DYX drops despite decline in global equities.