Forex News - April 20, 2018
Today is April 20, 2018
Below are the links to FOREX news and Important articles
F O R E X
Italian households still on the hook for any bank failures -ECB data
Italian households would bear the brunt of any new bank failure in the country as they own nearly half of the bonds that would be written off in such an event ...Go on to read the full article
EUR/USD Forecast: Beginning to crack under mounting pressure?
The EUR/USD is trading at around $1.2310, lower on the day and close to the bottom end of the limited trading range seen this week. The recent driver of the pair to the downside comes from US 10-Year Treasury yields. The global benchmark is on the rise, topping 2.90% and eyeing the elusive 3% level. The greenback is rising alongside yields, albeit more against commodity currencies than against majors.Go on to read the full article
USD/JPY bumping higher, Yen walking back in early Asia
The Yen is falling back across the board as traders scoop up Greenbacks today. Markets reversed their flows on Thursday and began selling off riskier assets in favor of the USD, and now the Yen is also stooping lower against the US Dollar. National CPI figures for Japan dropped today, and the Yen is potentially weakening ...Go on to read the full article
GBP/USD rallies on Friday at support
The British pound rallied a bit during the trading session on Friday, using the 1.40 level as support. We also have seen buyers come in at the 50-day EMA, as it has been dynamically supportive for the past week or so. I believe that the market should continue to find buyers, and a move above the 1.41 level should send this market to the 1.4250 level. I think that given enough time, we can break above the 1.45 handle, that should send the market towards the 1.45 level. I like buying short-term pullbacks and recognize that the 50-day EMA continues to be an excellent barometer of buying pressure. If we did breakdown below there, the market could go to the 1.38 level next.Go on to read the full article
Bonds slide along with rupee on unexpectedly hawkish RBI minutes
Bonds tumbled and the rupee slid to its weakest in more than a year as unexpectedly hawkish RBI monetary policy minutes added to the pressure of higher oil prices, boosting speculation policy makers will raise interest rates. India’s 10-year yield was up at 7.70 percent at 1.20 pm, after jumping as much as 17 basis points earlier. It is up 31 basis points this week. The rupee fell past 66 per dollar to the lowest level since March 2017. Minutes of the April 4-5 meeting released Thursday showed most monetary policy committee members were optimistic the economy would rebound this year and actual output would move closer to its potential. Deputy Reserve Bank of India Governor Viral Acharya said he would vote for the start of the “withdrawal of accommodation” at the next meeting in June.Go on to read the full article
NZD/USD eyes on 0.7190 near term – UOB
The Kiwi Dollar faces the probability of a visit to the 0.7190 area in the next weeks, according to FX Strategists at UOB Group. 24-hour view: “Expectation for sideway trading was wrong as NZD plummeted to a low of 0.7260. Strong downward momentum …Go on to read the full article
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