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Day: September 22, 2018
September 222018
US Dollar Ends Week Soft as US-China Trade War Becomes Non-Event
The US dollar ended the week mostly soft despite escalation of the US-China trade conflict. Markets largely brushed off the news, and traders showed more interest in riskier higher-beta currencies instead of safer ones. The United States implemented a 10% tariff on $200 billion of Chinese goods, and China promised to retaliate in a similar manner. Yet markets showed muted reaction to the news. In fact, the currencies of Australia and New Zealand, countries most dependent on the well-being […]
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September 222018
Weekly Forex Technical Analysis (Sep 24 — Sep 28)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1462 1.1540 1.1647 1.1725 1.1832 1.1909 1.2016 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1547 1.1661 1.1732 1.1846 1.1917 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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