feedback
The FxPro Analyst Team

Midday EURUSD roundup

The dollar index has fallen this afternoon to 93.50, to the lowest levels in more than three months. EURUSD is at 1.1760. Growth has accelerated after taking an important resistance area around 1.1700. Bullish: British Pound growth by more than 1% close to 1.3300 on commentaries about the progress in negotiations between the EU and the UK leaders on Brexit. The dollar is on the decline across the market, due to a restoring of the demand for risk assets. Bearish: U.S. Initial Jobless Claims are ...

The FxPro Analyst Team

FxPro Forex Analysis: Cautious mood has returned to the stocks, Asia has turned to decline

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly replaced by increased pressure. As a result, at the time of writing Nikkei225 loses 0.6%, Heng Seng has fallen by 0.8%. Futures for S&P500 have lost 0.1% on Thursday morning, being near 2910 level, away from the intraday highs on 2913. From the technical analysis perspective, the U.S. markets experience difficulties with growth on the approach to an ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets crave optimism: dollar in defense, stocks grow despite import tariffs

Despite the expansion of tariffs between China and the United States, global markets remain positive. MSCI Asia ex Japan adds 0.7% this morning; Hong Kong’s Heng Seng increases by 1.1%, although China announced the introduction of 5-10%-tariffs for the U.S. imports of up to $60 billion. S&P500 added 0.5% on Tuesday to the levels above 2900, to important resistance where the correction began last month. Among other important factors, it is worth highlighting the yield growth for 10-year U.S. ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets reversed to growth, despite new tariffs on China import

Trump’s administration announced the introduction of 10%-tariffs for Chinese imports to $200 billion. The news had a moderate negative impact on the markets. The dynamics is limited, as the information about these measures appeared on Monday, which took from MSCI about 1% on Monday. We see something like the traditional reaction of the market "buy rumors, sell facts." At the same time, we cannot forget about the long-term negative consequences of the world trade problems. It is cautious to ...

The FxPro Analyst Team

FxPro Forex Analysis: Emerging markets rebound seems over, dollar gains on renewed trade worries

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only 1.5% above the 14-month lows. Futures for S&P500 have returned to 2900 area, lost 0.4% from Friday’s intraday highs. The pressure on the markets increased after reports that the U.S. intended to announce the introduction of tariffs for the U.S. goods up to 200 billion as early as on Monday. China threatens to abandon the negotiations announced last ...

The FxPro Analyst Team

FxPro Forex Analysis: Rebound in Asian markets intensifies, dollar recedes

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having evolved the increase from 14-month lows to 2.8%. Hong Kong’s Heng Seng recovered to 1.5 week’s levels. Previously, we pointed out that the technical factors were in favor of this rebound after the indices had entered the oversold zone. The current rebound can last for a while, as the wave of short speculative positions on the indices of ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 94.90, having lost 0.2% within last 24 hours after weak U.S. PPI data. EURUSD is trading near 1.1620. Despite some weakening since the beginning of the European session, the pair manages to hold above the important 1.1600 level. Bullish: Overcoming the important resistance at 1.1600, which is able to become a short-term support. Improved mood on the EM markets after a rebound from 14-month lows. Bearish: The slowdown in Germany’s CPI is confirmed. Caution ...

The FxPro Analyst Team

FxPro Forex Analysis: Three reasons for rebounding EM indices

Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China's invitation to trade negotiations. Previous negotiations did not bring any results and led to a tightening of the rhetoric and tariff expansion. However, the positive markets are fuelled by the sentiment that President Trump's administration will be slightly more inclined to reach an agreement, having faced a public coalition of 85 industrial groups in the US that ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.20, almost unchanged for past 24 hours. EURUSD is trading near 1.1580. Bulls attack to levels above 1.1600 were stopped several times this week. Bullish: Increased demand for risk assets. Improving the mood in developing country markets on strong data from the U.S. Bearish: Decline in euro area Industrial Production by 0.8% for the second month in a row. Next focus on: U.S. Producer Price index at 12:30 GMT. Fed’s Beige Book at 18:00