AUDUSD Forecast May 1, 2017, Technical Analysis
The AUDUSD pair initially fell on Friday but found enough support at the 50% Fibonacci retracement level to bounce a bit.
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Dollar Weakness: Enough Is Enough?
The dollar has been trending lower ever since the turn of the year. This has been because of the unwinding of the bullish positions that had been accumulated before and after the US election in part as investors began to question how much of the promised fiscal spending President Trump will actually deliver and how this may impact growth and inflation, and in turn interest rates.
EURUSD Countertrend Setup Apr 26, 2017
EURUSD is moving inside an ascending channel on its 4-hour chart and is currently approaching the resistance at 1.0950 to 1.1000. If this area keeps gains in check, the pair could head back to support at the 1.0700 major psychological level or at least until the mid-channel area of interest.
AUDUSD Forecast April 26, 2017, Technical Analysis
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different.
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China’s Central Bank Injects Cash Into Money Market
China’s (FXI, quote) central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity.
EURUSD Forecast April 25, 2017, Technical Analysis
The EURUSD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again.
AUDUSD Daily Analysis – April 21, 2017
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend.
Taxes, Costs Cut To Help Businesses Grow
New tax cuts to spur economic dynamism were approved at the State Council’s executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.
EURUSD Forecast April 20, 2017, Technical Analysis
The EURUSD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December.