The dominant dollar

16 December, 2016

The dollar appreciated a further 1% through the course of Thursday in the wake of the Fed meeting result seen Wednesday evening. We saw some pull-back into the NY close and again through the Asia session, but the dollar remains up 2% overall vs. the level prevailing just ahead of the meeting result. Between now and the end of the month, the key question is whether there is sufficient underling momentum for this upward pressure to be continued. The initial focus for this will be USDPY and the ability to push to the 120 level. Thereafter there is the parity level on EURUSD, with a low of 1.0367 seen yesterday. Against this stronger dollar environment, gold is one-way traffic at the moment, pushing levels last seen Feb this year, holding below the 1150 level.

For today, we see final CPI data in the Eurozone (minimal impact), together with the Russian central bank decision later this morning, where rates are seen holding steady at 10%. The rouble has been trading well given the recent gains in the oil price, with USDRUB just off new lows for the year, which were recorded earlier this year at 60.48. Elsewhere, stocks look set to open steady to slightly firmer on the back of the decent tone to US stocks yesterday.

Source link  
The dollar grows on wages data

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows....

Increased flight from EM currencies

The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on...

Markets under pressure

Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that...

Markets are optimistic but remain weary

The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American...

Dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a Chinas claim...

Dollar has a potential of 5% rally

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of...

BoJ cautions keep forex calm

In the currency market, the dollar was under some pressure following the data that indicated a weakening of the inflation in the Eurozone. The slowdown in prices...

Stocks are growing, Bonds under pressure

The situation in the world markets looks controversial. Shares are growing after strong reporting of companies. The shares of Alphabet (#Google) jumped by 3.6% after...

The potential of USD growth is limited

Powell's speech with the semiannual report in the U.S. Congress contained an optimistic view on the economic outlook. Such a tone has reduced fears that...

In the past 24 hours Bitcoin has gained 1.19% and reached $4497.06154023. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.4212% and is now at $1.1374. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -26.85% and is now at $133.810168971. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Forex Market Analysis

Forex Currencies Forecasts

Top 10 Forex Brokers 2018

# Broker Review
6FIBO GroupFIBO Group83%