The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower.
Euro Forecast: EUR/USD Outlook Tilted Lower Amid Bearish Warning Signs
2021-05-05 01:30:00
Daniel Dubrovsky,
Strategist
Euro, EUR/USD, Treasuries, Non-Farm Payrolls, Head & Shoulders – Analyst Pick
Euro may be at risk given historically strong month for USD
Bond yields in US may outshine European ones over long run
EUR/USD eyeing bearish Head and Shoulders, Death Cross
The Euro spent most of its time gaining ground against the haven-linked US Dollar in April. Now, it may be vulnerable to resuming what has been the top since the beginning of January. Historically speaking, the Greenback has tended to strengthen in May when looking back over the past 10 years. Having said that, past performance is not indicative of future results.
Market mood remained pessimistic during Thursday s APAC session Investors are weighing improving economic growth bets versus yields EUR/USD eyeing ECB minutes, may be at risk to bearish ‘Death Cross
APAC Session Recap
Market sentiment cautiously soured during Thursday s Asia Pacific trading session, with most APAC indices trading in the red. Japan s Nikkei 225 , Hong Kong s Hang Seng and South Korea s KOSPI index fell. Australia s ASX 200 was little changed. In China, the Shanghai Composite gapped higher at market open following the Lunar New Year holiday, but spent the rest of the session trimming gains.
This followed a generally mixed Wall Street trading session, where the Dow Jones gained but the tech-heavy Nasdaq Composite faltered. Investors are weighing the implications of improving economic data against the backdrop of rising longer-term Treasury yields. In the United States, retail sales and wholesale inflation surprised higher. PPI final demand gained 1.3% m/m
Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Crude Oil Nears Resistance, Gold Up on Fed. BoE, Moderna Vaccine Approval Next 2020-12-17 07:00:00 Daniel Dubrovsky, Strategist
Crude Oil, Gold, Fed, BoE, Jobless Claims, Moderna Vaccine, Technical Analysis - Talking Points:
Crude oil up as US inventories shrink more sharply than expected
Gold rose on Fed, eyeing BoE, jobless claims, Moderna vaccine
WTI eyeing February inflection point, XAU/USD to 50-day SMA Advertisement
Crude oil prices aimed higher on Wednesday, propelled by the latest EIA inventory report. Last week, stockpiles contracted by 3.1 million barrels, far larger than the -1.1m projection. This helped offset losses from softer-than-expected US retail sales earlier in the session, hinting at trouble brewing in the largest component of GDP from the world’s largest economy - consumption.