Page 6 - Term Technical News Today

AUD/USD Current Price: 0.7746 Australian Westpac Leading Index improved from 0.12% to 0.26% in January. Australia is expected to have added 40,000 new jobs ...

Share: Upbeat US Retail Sales and soaring Treasury yields boosted the greenback. FOMC Meeting Minutes noted economic recovery moderated in the last months.  EUR/USD has turned bearish in the near-term and could retest the 1.1951 level. The EUR/USD pair traded as low as 1.2022 as demand for the greenback prevailed most of the day. US Treasury yields were the main driver, as that on the 10-year Treasury note peaked at 1.33%, its highest in a year. The American currency retained most of its intr...

EUR/USD Current Price: 1.2128 US weekly unemployment claims held at high levels around 800K in the week ended Feb 5. Financial markets are still in search ...

Share: Australian February Consumer Inflation Expectations improved from 3.4% to 3.7%. Wall Street turned south mid-US session, indexes closed mixed. AUD/USD is gaining bullish traction but remains below a critical resistance. The AUD/USD pair reached 0.7771 its highest in almost three weeks, underpinned by a positive mood that extended into the US session opening and encouraging Australian data. The country published February Consumer Inflation Expectations, which improved from 3.4% to 3.7%, b...

Share: Australian NAB’s Business Confidence improved to 10 in January from 5. The poor performance of equities put a limit to AUD/USD appreciation. AUD/USD is comfortable above 0.7700, but additional gains are still unclear. The AUD/USD pair advanced for a third consecutive day, reaching 0.7735 and retaining most of its intraday gains ahead of the close. The pair surged at the beginning of the day, unable to extend its advance, as the poor performance of equities offset the broad greenback’...

EUR/USD Current Price: 1.2107 Germany and the US will publish updates on January inflation this Wednesday. US Treasury yields edge lower, dragging the ...

AUD/USD Current Price: 0.7700 Easing demand for the greenback and rising equities boosted AUD/USD. Australian NAB’s Business Confidence is foreseen at ...

Share: European Retail Sales beat expectations in December, rising by 2.0% in the month. US employment-related data was mostly encouraging ahead of the NFP report. EUR/USD could fall to 1.1885, the 61.8% retracement of the November/January rally. The EUR/USD pair lost the 1.2000 level, falling to a fresh 2021 low of 1.1957. The pair is down for a fourth consecutive day as investors continue to buy the greenback on hopes for a new US stimulus package. Resurgent Treasury yields are a sign of the...

Share: RBA´s Governor Lowe to testify before the House of Representatives Standing Committee on Economics. Australian Trade surplus jumped to 6.785M in December as imports fell. AUD/USD under mild-pressure, firmer equities limit declines. The AUD/USD pair is posting a modest daily decline, trading just below the 0.7600 level ahead of the Asian opening. The pair was trapped between the persistent greenback’s demand and solid Wall Street gains, these last limiting the downside. Australia publi...

Share: Progress in US stimulus talks boosted equities and the greenback. The EU preliminary estimate of Q4 GDP came in at -0.7%, better than the -1.2% expected. EUR/USD is trading at fresh yearly lows without signs of bearish exhaustion. The EUR/USD pair plunged to 1.2011, its lowest for this 2021, as the dollar kept rallying alongside Wall Street, on progress related to the next US stimulus package. Optimism mounted as initial talks between US President Joe Biden and Republican senators were ...