Page 2 - Term Technical News Today

Share: BOE’s Governor Bailey said they would be watching inflation “very carefully.” UK health officials noted that local vaccines are effective against the Indian strain. GBP/USD is neutral in the near-term, but bulls hold the grip. The GBP/USD pair ended Monday little changed in the 1.4150 price zone, up from a daily low of 1.4111. The advance was a result of a weaker dollar, which in turn followed the lead of US government bond yields. Good news coming from the UK did not reach the ...

Share: A better market mood helped the EUR trim its post-FOMC losses. US Treasury yields were sharply down, backing stocks’ recovery. EUR/USD trades near May’s high with a limited bullish momentum in the near-term. The EUR/USD pair recovered the ground lost after the Fed Meeting’s Minutes, trading by the end of Thursday around the 1.2215 level. The market shrugged off the dismal mood ever since the day started, as most Asian indexes closed in the green, leading to gains among their Europ...

Share: UK Brexit Minister David Frost recognized that the UK failed to secure the wanted agreement. UK Retail Sales are foreseen surging a whopping 36.8% YoY in April. GBP/USD continues to depend on how investors see US inflation developments. The GBP/USD pair bounced back, and trades near a daily high of 1.4189 as demand for the dollar receded. The market continues trading according to expectations of rising inflationary pressures in the US and how those could affect the Federal Reserve mone...

Share: The UK’s unemployment rate unexpectedly fell to 4.8% in the three months to March. UK annual inflation is expected to have recovered to 1.4% YoY in April. GBP/USD positive momentum set to continue in the near-term. The GBP/USD pair surged to 1.4219 on the back of the persistent dollar’s weakness and better than expected UK data. The kingdom published the ILO unemployment rate for the three months to March, which contracted to 4.8% vs the steady 4.9% expected. Also, the Claimant Coun...

Share: US weekly unemployment claims dropped to 473K in the week ended May 7. The focus shifts to US Retail Sales to be out this Friday. EUR/USD is technically bearish and could challenge the 1.2000 level. The EUR/USD pair finished Thursday with modest losses around the 1.2080 level, as the greenback retained its strength despite an improved market’s mood. The American dollar advanced during the first half of the day, as global equities remained on the losing side while government bond yield...

Share: Australian May Consumer Inflation Expectations are foreseen at 3.6%. Gold prices recovered some ground, providing support to the Aussie. AUD/USD is neutral-to-bearish in the near-term, could near 0.7600. The AUD/USD pair traded as low as 0.7687, bouncing during US trading hours to settle in the 0.7730 price zone. The recovery was backed by US equities and gold prices, which recovered during the American session, with US indexes finishing the day in the green and spot gold reaching $ 1,...

EUR/USD Current Price: 1.2082 US inflation soared to 4.2% YoY in April, boosting speculation of a tighter monetary policy. Government bond yields jumped to ...

Share: Australian May Consumer Inflation Expectations are foreseen at 3.6%. Falling equities and gold on higher US inflation pressured AUD/USD. AUD/USD has room to extend its slide, mainly on a break below 0.7690. The AUD/USD pair edged sharply lower to end the day in the 0.7730 price zone, its lowest in over a week. The pair pierced the 0.7800 thresholds earlier in the day, undermined by the sour tone of Asian and European indexes, with the decline accelerating after the release of US inflatio...

EUR/USD Current Price: 1.2152 Fears of increasing inflationary pressures hurt the market’s mood ahead of US CPI data. The German ZEW Survey showed ...

Share: Stocks plummeted, but demand for the greenback remained subdued. Australia will publish May Westpac Consumer Confidence on Wednesday. AUD/USD maintains its positive stance in the near-term, holds above critical 0.7820. The AUD/USD pair spent Tuesday in a tight intraday range, holding on to its latest gains above the 0.7800 thresholds. The pair trades around 0.7840, little changed from Monday’s close, as it is trapped between the broad greenback’s weakness and the poor performance of ...