Page 9 - Term Technical News Today

Share: Australian trade surplus contracted to 5022 million in November, as exports fell. Wall Street’s positive performance limited the AUD/USD bearish potential. AUD/USD has room to recover beyond its recent highs in the near-term. The AUD/USD pair pulled back from around 0.7800 to end Thursday in the 0.7750 price zone, pressured by the persistent greenback’s demand and mixed Australian data. The country published its November Trade Balance, which posted a surplus of 5022 million, worse th...

Share: Wall Street kept rallying and posted new all-time highs. The US is expected to have created just 71,000 new job’s positions in December. EUR/USD is stable below 1.2300, bearish potential limited. The American dollar extended its Wednesday’s gains against most major rivals, with EUR/USD falling to 1.2244, but pared gains during the US session. Wall Street kept running and reaching record highs, while US Treasury yields reached fresh multi-month highs. The market moved past US politica...

Share: US Durable Goods Orders rose by 0.9% in November, beating expectations. Noise around the US stimulus package kept investors in cautious mode. EUR/USD holds neutral around 1.2200, limited bearish scope. The dollar edged lower against its major rivals on the last full trading day of the week. The EUR/USD pair peaked at 1.2220 and settled just below the 1.2200 figure, holding within familiar levels throughout the day. The greenback seesawed between gains and losses as investors tried to d...

Share: Australian trade surplus shrank to A$1,958 million in November. The positive tone of equities underpinned the AUD/USD. AUD/USD is bullish according to intraday charts, could run past 0.7640. The AUD/USD pair has edged higher this Wednesday, helped by persistent dollar’s weakness and the better tone of equities, amid hopes for a Brexit deal. The aussie advanced despite the Australian trade surplus came in at A$1,958 million, a drop from the previous months A$7,456 million, according t...

Share: Australian Retail Sales surged by 7% in November, according to preliminary estimates. The poor performance of equities weighed on the Australian dollar. AUD/USD pressured by the negative market’s sentiment, bearish in the near-term. The AUD/USD pair was unable to retake the 0.7600 threshold despite encouraging Australian data, ending the day in the red amid a persistent dismal mood. The Australian dollar found temporal support in local Retail Sales, as the preliminary estimate of the N...

Share: The dollar advances within range on a sour market’s mood. US Q3 GDP was upwardly revised to 33.4% from 33.1% YoY. EUR/USD may extend its decline, but the long-term bullish trend remains intact. The EUR/USD pair traded as high as 1.2256 on Monday, but changed course during US trading hours and settled near a daily low of 1.2155, as the dollar surged on persistent Brexit concerns. Currency pairs are quite volatile in thinned market’s conditions ahead of the Christmas Holidays, and pro...

Share: AUD/USD Current Price: 0.7596 A strong bounce in US equities helped AUD/USD to trim most of its intraday losses. Australia will publish the preliminary estimate of November Retail Sales. AUD/USD needs to recover above 0.7640 to recover its bullish potential. The AUD/USD pair gapped lower at the weekly opening, dragged by a dismal market mood, and hit a daily low at 0.7461 before changing course during US trading hours. The pair now trades around 0.7590, bouncing alongside US stocks.  W...

Share: A new, more contagious covid strain spurred risk aversion at the weekly opening. US Senators agreed on a historic $900 billion coronavirus relief package. EUR/USD has bounced from back above 1.2200, the risk is skewed to the upside. The week started in risk-off mode amid concerns about a new coronavirus strain that surged in the UK, which led to an emergency meeting of EU’s authorities. The greenback rallied throughout the first half of the day, with the negative risk-related sentiment...

Share: The dollar’s sell-off extended, profit-taking may help it ahead of the weekend. US data was mixed, with Initial Jobless Claims up to 885K in the week ended Dec 11. EUR/USD keeps running could correct extreme overbought conditions. The EUR/USD pair peaked at 1.2270, its highest since April 2018 as speculative interest continued to sell the greenback following a dovish US Federal Reserve. The focus remains on a US coronavirus-relief package and Brexit negotiations, which underpin inves...

Share: Upbeat Australian employment figures pushed AUD/USD above 0.7600. AUD/USD at fresh 2-year highs and heading towards the 0.7700 price zone. The AUD/USD pair surged to 0.7639, its highest in over two years during Asian trading hours, following the release of upbeat Australian employment figures. The country added 90K new job positions in November, better than the 50K expected, while the Unemployment rate came in at 6.8%, improving from 7%. Most of the new positions were full-time ones, 84....