Summary
The ‘second half’ of the currency trading year got off to a bang-up start on Thursday with the ECB’s surprise policy announcements. The dollar had gathered strength all summer against the Euro, Sterling, Yen and Canadian Dollar and saw volatile range trading against the Aussie. Economic fundamentals now favor the Dollar with the U.S. economy improving while the EMU stagnates and the rate cycle is even more clearly biased toward the U.S. currency. In the not distant background are more than enough geo-political threats to keep the dollar’s potential safe-haven trade active. We will look at the fundamental and technical prospects for the world’s major trading pairs and essay some predictions for where the markets will stand at year end.Latest Live Videos
Editors’ Picks
EUR/USD: US Dollar comeback in the makes? Premium
The US Dollar (USD) stands victorious at the end of another week, with the EUR/USD pair trading near a four-week low of 1.1742, while the USD retains its strength despite some discouraging American data released at the end of the week.
Gold: Escalating geopolitical tensions help limit losses Premium
Gold (XAU/USD) struggled to make a decisive move in either direction this week as it quickly recovered above $5,000 after posting losses on Monday and Tuesday.
GBP/USD: Pound Sterling braces for more pain, as 200-day SMA tested Premium
The Pound Sterling (GBP) crashed to its lowest level in a month against the US Dollar (USD), as critical support levels were breached in a data-packed week.
Bitcoin: No recovery in sight
Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.
US Dollar: Tariffed. Now What? Premium
The US Dollar (USD) reversed its previous week’s decline, managing to stage a meaningful rebound and retesting the area just above the 98.00 barrier when tracked by the US Dollar Index (DXY).
Week ahead – Markets brace for heightened volatility as event risk dominates:
Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.