Currency movers for November 19, 2015

19 November, 2015

The USD is lower across the board against other G7 currencies and emerging-world currencies.

The AUD outperformed against the USD, although off from intra-day highs. AUDUSD recorded a 15-day high at 0.7176.

The EURUSD fell to new 7-month lows of 1.0617 in Wednesday trade, as the FOMC minutes didn’t really clear up whether or not December rate lift off will occur.

EURUSD, Daily

EURUSD lifted to a three day high of 1.0717 in the wake of the U.S. Fed FOMC minutes; the EUR though is still a bearish market, and with the inevitable interest differential widening becoming more apparent, the USD will continue to grind higher against the EUR over time until we see a shift in the ECB policy. Draghi’s previous comments on lower core inflation will further add pressure for the EUR. Technically, the EURUSD may correct higher towards 1.0820′s ahead of a further drive lower for a retest of the April lows at 1.0520.

NOV 19 EURUSD SRL

AUDUSD, Daily

A rebound from lows in commodities has supported the AUD. Technically, the recent bullish momentum on the AUDUSD pair should continue since stochastic analysis indicates continued upward momentum and current price has broken to the upside of the downward slopping trend-line. A solid close above today’s trend-line break should enable buyers to make further commitments to drive price towards the 0.7260-0.7290 areas before the continuation of its longer term downtrend for a 0.7062 target.


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US reports revealed modest upside surprises for December trade

Asian stock markets mostly moved higher overnight, with Nikkei and Topix was trading close to levels last seen in December 2015 as the Yen weakened...

The global stock rally continued in Asia overnight

Reuters reported, the fast-growing financial technology (Fintech) sector could hold big “systemic risks” for the banking sector and the broader economy which need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday...

Too-strong a dollar may hurt the economy

Japanese stock markets moved higher, led by Japanese bourses as the country managed to snap a 14-month long run of falling exports, which helped the Nikkei to close with a 1.4% gain...


Dollar found its feet after declining over the last day

Asian stock markets were mixed overnight, with Japanese bourses still under pressure (Nikkei closed down 0.55%). despite a dip in the Yen, as USD stabilised. Uncertainty over Trump’s regulatory and trade policies continues to weigh on investor sentiment...

The dollar has settled moderately lower

Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...

Stock markets continued to stabilise

German HICP confirmed at 1.7% y/y, as expected, with prices up 1.0% m/m. The sharp acceleration from just 0.7% y/y in November was mainly due to base effects from lower energy prices and the breakdown showed that prices for heating oil jumped 21.9% y/y in December...


ECB policy was focused on avoiding deflation trap

Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...

U.S. markets are closed Monday

U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...

The dollar is trading softer into the London open

Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

  


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