Daily Technical & Fundamental Analysis

Australian dollar depressed on Thursday
30 August, 2018 16:30

Australian dollar depressed on Thursday

Australian dollar stays depressed vs the US dollar in the second half of the week, though all active sales were recorded at morning trading. The rate stands now at some 0.7281. The number of construction licenses collapsed in Australian in July, following quite positive figures a month before. Specifically, the level dropped 5.2% m-o-m, against the upturn of 6.8% m-o-m observed earlier.

US dollar just needs driver to hike
29 August, 2018 14:46

US dollar just needs driver to hike

The US dollar trading is slow on Wednesday. The currency makes some upward attempts boosted by optimistic signs observed yesterday. The players still do not plan to expand dollar buying, though it is possible that demand can rebound over the coming days.

Sterling posts some gains on Tuesday
28 August, 2018 17:00

Sterling posts some gains on Tuesday

The sterling keeps gaining grounds against the US dollar on Tuesday. For now, the exchange rate stays at some 1.2927. The British currency had hard times this month. Specifically, it was excessively oversold, but the influence becomes visible only now. Still, the sterling has a good chance for a rebound, though the room for the increase is definitely limited.

US dollar depressed by Donald Trump statements
28 August, 2018 16:01

US dollar depressed by Donald Trump statements

The US dollar keeps weakening beginning from last week, which plays into hands of raw exchanges. Specifically, the downward movement was initiated by the statement of US President Donald Trump, when he expressed grievances against the bullish position of the US Federal Reserve. US dollar bulls saw no positive signs from the minutes of Fed meeting either.

Large CME funds resume bitcoin sales
27 August, 2018 17:48

Large CME funds resume bitcoin sales

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders reduced net short position on bitcoin contracts by 40 to 260. Large speculators have started raising net positions after a 3-week decline. Net short positions have recovered from the early-April bottom.

Weekly analysis for Japanese yen – COT
27 August, 2018 12:31

Weekly analysis for Japanese yen – COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders cut net short position on yen contracts 11,000 to 52,000. Large speculators have been reducing net positions for the fourth week in a row. Net short positions have become the lowest since mid-July.

US dollar returns to upward path
23 August, 2018 17:37

US dollar returns to upward path

After the recent weakening and selloffs, the US dollar has started recovering positions against the majors in the second half of the week. At the same time, it has received little support from the minutes of the US Fed meeting released lately. It seems that the key driver is so-called sellers' fatigue, as they somewhat calmed down after the profit taking amid the falling US Dollar Index driven by Donald Trump’s negative statements.

Euro decreases against US dollar on Thursday
23 August, 2018 15:36

Euro decreases against US dollar on Thursday

In the second half of the week, the euro-to-US dollar exchange rate has trimmed gains following the previous long-lasting strengthening. The rate was recorded at $1.1570. The greenback is believed to benefit from the minutes of the previous US Fed meeting that has been released lately. Specifically, as the report reads, the Central Bank of the USA seems to...

Australian dollar reverses after previous strengthening
22 August, 2018 14:01

Australian dollar reverses after previous strengthening

The Australian dollar has trimmed gains vs the US dollar in the middle of the week after the previously observed upturn. For now, the exchange rate stands at $0.7353. It has been reported today that Australia recorded stable leading indicator index in July, which remained unchanged after the June increase of 0.1%. The Westpac estimates that the rate is now slightly below the trend.

Australian dollar gains positions further on Tuesday
21 August, 2018 12:39

Australian dollar gains positions further on Tuesday

The Australian dollar has kept rising vs its American counterpart on Tuesday. For now, the rate stands at $0.7361. At the same time, the Australian currency is getting support from the greenback's weakening driven by Trump's negative statement towards the US Federal Reserve performance.

US dollar faces restrained negative impact
20 August, 2018 16:26

US dollar faces restrained negative impact

The global markets keep improving on anticipated US-China trade talks. Last Friday, insiders expressed increasing optimism, which persists on Monday affecting the US dollar positions as the protective asset. Still, this has a restrained pressure on the greenback, as investors doubt that the trade issues will be settled in the near term...

Weekly analysis for Japanese yen – COT
20 August, 2018 12:11

Weekly analysis for Japanese yen – COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders cut net short position on yen contracts 4,700 to 63,100. Large speculators have been reducing net positions for the third week in a row. Net short positions have become the lowest since mid-July.