Daily Technical & Fundamental Analysis

Australian dollar down on Tuesday
17 July, 2018 14:31

Australian dollar down on Tuesday

The Australian dollar has decreased against the US dollar on Tuesday. The price stands at some 0.7409. During the Asian session, the players focused on the minutes of the Reserve Bank of Australia meeting. The report showed that the interest rate could be raised in case of the better economic environment.

This week may bring challenges to European currencies
16 July, 2018 17:54

This week may bring challenges to European currencies

After the Friday decline, the US dollar is mostly depressed against the rivals. European currencies enjoy local weakening of demand for the greenback and thus make upward attempts. This week will be full of events that can boost fluctuations of the main pairs. Specifically, the euro will face challenges in the middle of the week, after the euro-area releases its consumer price report.

Weekly analysis for GBP-USD – COT
16 July, 2018 13:36

Weekly analysis for GBP-USD – COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on GBP-USD contracts 6,100 to 37,900. Large speculators have been lifting net positions for the fourth week. Net short positions have remained at the peak since last September.

Large funds on CME get ready for crypto upturn
16 July, 2018 11:19

Large funds on CME get ready for crypto upturn

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on bitcoin contracts by 80 to 330. Large speculators have been cutting net positions for the second week in a row and five out of the past 6 weeks. Net short positions have fallen to the bottom since May 1.

Euro faces pressure all round
13 July, 2018 17:56

Euro faces pressure all round

The US dollar is strong during the Friday trading. The American currency keeps strengthening practically on all fronts. The US Dollar Index is coming closer to the 95 line and the rate is likely to end the week on a happy note. The euro-to-US dollar dropped below its 20-day moving average today and practically touched the 1.16 handle for the first time since early July.

Sterling loses grounds further by week's end
13 July, 2018 17:13

Sterling loses grounds further by week's end

The sterling is slackening against the US dollar on Friday. Players have been selling off the currency for the third day in a row. The price stands at some 1.3156. Meanwhile, the UK is hosting the visit by the US President Donald Trump. Meetings with the UK Prime Minister Theresa May have been held recently, though further consultations and negotiations will probably take place.

Euro to US dollar rate shows attempts to equilibrate
12 July, 2018 14:20

Euro to US dollar rate shows attempts to equilibrate

The euro-to-US dollar exchange rate has recovered in the second half of the week, but new fluctuations remain possible. The price stands at 1.1677. The market has become concerned about trade war again. Specifically, Washington imposed import duties against Chinese products worth $32 billion in early July, but this week expressed intentions to tighten the tariffs

Bank of Canada draws line in soft monetary policy
12 July, 2018 13:39

Bank of Canada draws line in soft monetary policy

After the monthly meeting on July 11, the Bank of Canada raised the interest rate to 1.5%. In Q1 the Central Bank's representative voiced plans for the summer rate revision depending on the CPI dynamics. As it was expected, the regulator increased the rate, so Canada has broken the trend and ended a 7 year long soft monetary period.

US dollar remains strong vs majors
11 July, 2018 17:31

US dollar remains strong vs majors

In the middle of the week, the US dollar is rising vs the majors in Europe. The biggest plunge was posted by the Australian currency, after losing some 0.76% against its American counterpart. The New Zealand dollar decreased by some 0.55%. The euro dropped 0.1%. During the conference of the European Central Bank, Mario Draghi did not cover monetary policy in his speech...

Large CBOE funds resume bitcoin sales – COT
11 July, 2018 10:30

Large CBOE funds resume bitcoin sales – COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday Non-commercial traders raised net short position on bitcoin contracts by 130 to 1,500. Large speculators have started lifting net positions after a 2-week decline. Net short positions recovered from the bottom recorded since March 20.

US dollar to yen rushes to peaks
10 July, 2018 16:40

US dollar to yen rushes to peaks

The US dollar is recovering after touching a 3-week bottom early this week. European currencies are on the back foot, while the Japanese yen has been sliding for the second day in a row. The US dollar-to-yen exchange rate touched an 8-week low and break the sacramental 111.00 handle. Specifically, the pair managed to come closer to the 111.30 area.

Sterling stays depressed on July 10
10 July, 2018 12:16

Sterling stays depressed on July 10

The sterling stays weak against the US dollar in the first half of Tuesday. The price stands at 1.3244.  The markets still focused on the Brexit issue and UK's leaving the EU. The issue has become hot lately after David Davis, who led the talks on the exit, resigned. Specifically, he stood against Theresa May's strategy and was hardly happy to hear that the soft Brexit plan had been agreed without his participation.