Page 3 - Term Technical News Today

Share: USD dollar advanced despite lower equities and retreating US Treasury yields. US Treasury Secretary Janet Yellen said that rates might rise to prevent overheating the economy. EUR/USD is under pressure and near a critical Fibonacci support level at 1.1980. The EUR/USD pair edged marginally lower, ending the day around 1.2010 after hitting a daily low of 1.1998. The American dollar has strengthened against most of its major rivals, despite fluctuating stocks behavior. European indexes f...

Share: The RBA maintained its monetary policy unchanged, despite noting economic improvement. Equities fell while US Treasury yields retreated, favoring the greenback. AUD/USD is gaining bearish strength and could soon retest the year low at 0.7531. The AUD/USD pair trades around the 0.7700 level after falling to 0.7674, its lowest since mid-April. The Reserve Bank of Australia had a monetary policy meeting early on Tuesday, and as widely anticipated, policymakers left rates at record lows. The...

Share: The US economy kept growing in April but at a slower than expected pace. German Retail Sales unexpectedly rose by 11% YoY in March. EUR/USD has retained the 1.2000 threshold, but its bullish potential is limited. The EUR/USD pair trades around 1.2060, up for the day, holding near a peak at 1.2075. Markets started the week in slow motion, as China, Japan, and the UK celebrated bank holidays. Nevertheless, investors were mildly optimistic, with most European and American indexes closing i...

Share: The Reserve Bank of Australia is widely anticipated to maintain its monetary policy unchanged. Australian manufacturing output rose at a solid pace in April according to the PMIs. AUD/USD pressures daily highs amid substantial gains in equities and gold. The AUD/USD pair gapped higher at the weekly opening, extending its recovery as the day went by to as high as 0.7765, holding nearby as the day comes to an end. The Aussie benefited from a stocks comeback and resurgent gold prices. The...

Share: Soaring base metal prices maintained the Aussie afloat despite renewed greenback’s demand. Chinese PMIs could introduce some noise to currencies’ behavior on Friday. AUD/USD is technically neutral in the near-term, but sellers have limited chances. The AUD/USD pair heads into the Asian opening trading around 0.7770, modestly down on a daily basis. The pair peaked at 0.7817 amid the broad greenback’s weakness at the beginning of the day and following rising equities. The pair retrea...

Share: US GDP surged to 6.4% in the first quarter of the year, beating expectations. Germany and the EU will report on Q1 growth on Friday. EUR/USD has lost bullish momentum, but there are no signs of an upcoming slide. The EUR/USD pair advanced to a fresh monthly high of 1.2145 this Thursday but retreated from the level to finish the day in the 1.2120 price zone. The dollar rose modestly in the American afternoon as Wall Street edged lower, despite upbeat macroeconomic data. Ahead of the clos...

Share: German’s GFK Consumer Confidence Survey unexpectedly fell to -8.8 in May. The Fed is not thinking about tapering but for sure sees things improving. EUR/USD holds on to intraday gains and could extend its rally towards 1.2200. The EUR/USD pair reached fresh April highs after the US Federal Reserve announced its monetary policy decision. The US Central Bank maintained its monetary policy unchanged as widely anticipated, making just minor adjustments to the accompanying statement. US po...

Share: US data beat expectations, but investors remained in cautious mode. US Federal Reserve set to announce its monetary policy decision on Wednesday. EUR/USD is technically neutral in the near-term but holding near monthly highs. The EUR/USD pair held within familiar levels, ending Tuesday unchanged in the 1.2080 price zone. The pair fell to 1.2060 during European trading hours, as a cautious mood prevailed. European indexes closed in the red, although not far from their opening levels, weig...

Share: Australian NAB’s Business Confidence improved to 17 in Q1 from 14 previously. The sour tone of equities weighed on the pair in the last trading session of the day. AUD/USD trades around 0.7700, but bears have taken the lead. The Australian dollar was unable to retain gains against its American rival, with the pair finishing the day just above the 0.7700 level. AUD/USD started the day advancing amid gains in equities markets, reflecting investors optimism and upbeat Australian data. The...

EUR/USD Current Price: 1.2031 Currencies followed equities amid the lack of macroeconomic news. The ECB will announce its latest monetary policy decision on ...