Day: April 28, 2018

April 28
2018

Surging US Treasury Yields Help Dollar End Week Strong

The US dollar was very strong during the past trading week, for the most part thanks to surging US Treasury yields. Rising yields for US Treasuries boosted the dollar at the start of the week. The currency remained relatively strong even as yields retreated by the end of the week, though it posted losses on Friday despite better-than-expected US gross domestic product. The euro was volatile after the European Central Bank policy meeting. The currency fell […]

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April 28
2018

Weekly Forex Technical Analysis (Apr 30 — May 4)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1792 1.1924 1.2027 1.2158 1.2261 1.2392 1.2495 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1917 1.2012 1.2151 1.2246 1.2385 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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April 28
2018

Weekly Forex Technical Analysis (Apr 30 — May 4)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1792 1.1924 1.2027 1.2158 1.2261 1.2392 1.2495 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1917 1.2012 1.2151 1.2246 1.2385 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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April 28
2018

Yuan Torn Between US-China Political Alliance and Trade Disputes

Fundamental Forecast for CNH: Neutral The U.S. and China may find more common ground on the North Korea issue. In terms of trade, major discrepancies remained ahead of high-level bilateral talks. China’s financial policies and the economic outlook add uncertainties from home. How to trade news? Learn with DailyFX Free Trading Guides! The Chinese Yuan […]

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April 28
2018

Brent Crude Oil May Be Further Supported On Likely US Withdraw From Iran Deal

Fundamental Forecast for USOIL: Bullish Talking Points: Crude oil may feel vulnerable, but further OPEC supply drops could support Bullish argument EIA data on Wednesday takes WTI crude to a one-week low at $67.11/bbl Questions around Iran nuclear deal helps oil stay near the top of 2018 price range Per BHI, U.S. Oil Rig Count […]

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April 28
2018

S&P 500, DAX, FTSE: Risk Trends in the Spotlight Ahead of FOMC, NFP

Talking Points: S&P 500, Dow & Nasdaq Charts Working Towards Completing Tops. S&P 500 Grasps for Support as Treasury Yields, US Dollar Continue to Gain. Trading USD Pairs? Our IG Client Sentiment follows traders’ positioning on key Dollar-pairs like EUR/USD, GBP/USD and USD/JPY. Forecast for the S&P 500: Neutral The Quarterly Forecast for the S&P […]

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