Euro / Australian Dollar
Prices By FOLLOWME , in USD
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US dollar remains weak, but losses are limited. Wall Street rises sharply, US yields at fresh 2-day highs. EUR/USD short-term outlook is bullish, and faces resistance at 1.0730 and 1.0750. The EUR/USD rose further during the American session and printed a fresh daily high at 1.0729. It then pulled b
Davos, Switzerland (CNN Business)When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos, Switzerland, he thanked the West for its solidarity against Russia. But he also issued a warning to political leaders and business executives: Don't lose
New York (CNN Business)Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of energy. It took Vladimir Putin mere months to cast serious doubt on that reputation. "I wouldn't trust them," US Energy Secretary Jennifer Granholm told CNN in
#OPINIONLEADER# How a trade is implemented is more important than the trade idea itself” – Colm O’shea, Market Wizard. Too many aspiring traders search for a “one size fits all” solution. Typically, aspiring traders think that there is a “best way” to be consistently profitable in the
#OPINIONLEADER# The euro has extended its gains on Tuesday. EUR/USD has broken above the 1.07 line for the first time since April 26th. ECB’s Lagarde sends euro soaring The euro was red hot on Monday, as EUR/USD jumped 1.29%, its best one-day showing this year. The upswing was courtes
The EUR/JPY remains firm in the week, advancing 1.02%. On Thursday, BoJ Kuroda’s hawkish commentary did not weigh on the EUR/JPY. EUR/JPY Price Analysis: To fall towards 132.50 once the rising wedge break is achieved. The EUR/JPY marches firmly inside a “rising wedge” above the 50-day moving average
What you need to take care of on Friday, May 27: Australian Retail Sales are coming up in Asia. The American dollar attempted a modest recovery early on Thursday but finished the day with losses against most major rivals. Tepid US data and rallying equities helped particularly safe-haven rivals. The
The Canadian dollar climbed against its major rivals in the New York session on Thursday, amid a rally in oil prices on concerns over tight supply as the U.S. summer driving season is set to begin. Crude for August delivery rose $2.22 to 113.34 per barrel. Data from the Energy Information Administra
Another relief bounce is underway in equities, but questions linger over how long it can last. Investors keep on dip buying “Another attempt at a relief rally is underway across equities, with a fairly substantial bounce across European and US markets coming in the wake of last night’s Fed minutes.
#OPINIONLEADER# The USD is moving lower across the board as gap between FED and other CB is narrowing. We see more and more ECB members and speculation for a potential 50bp hike which is the main reason for stronger euro these days. There was also RBNZ that lifted rates as expected an
Canada retail sales for March have been released at 8:30 am ET Thursday. After the data, the loonie fell slightly against its major counterparts. The loonie was trading at 99.05 against the yen, 1.2827 against the greenback, 1.3721 against the euro and 0.9077 against the aussie around 8:32 am ET. Fo
#OPINIONLEADER# Euro falls sharply The euro has reversed directions on Wednesday and is sharply lower. In the European session, EUR/USD is trading at 1.0663, down 0.67% on the day. The euro was up 1.29% on Monday and extended its gains on Tuesday, hitting a 4-week high, after ECB Pres
#OPINIONLEADER# Where does money flow in times of financial stress and why? Safe haven assets are financial instruments or commodities that investors turn to in times of stress. We’re not talking about personal stress, not in this article, anyway, but the type of stress seen in the wi
#OPINIONLEADER# Markets Of late markets were mainly driven by global sentiment and by investors pondering the impact of central banks tightening to cap inflation. In this complex, markets are giving ever more weight to activity data. Yesterday’s EMU PMI’s didn’t cause a big reaction.