Forex News: U.S. banks were closed yesterday and the European Union didn’t release any important economic data and this resulted in a rather slow session, without major developments. The pair is now trading in close vicinity to the 50 period EMA.
Daily FX Analysis
Forex News: The US Dollar reacted negatively to President-Elect Trump’s speech delivered yesterday and this allowed the Euro to take the pair through several resistance levels, making the bias bullish again.
Forex News: The US Dollar strengthened yesterday ahead of the press conference of U.S. President-Elect Donald Trump which will take place later into the session. However, the next move is uncertain and depends a lot on the things that will be said by the President-Elect.
Forex News: The pair showed mixed movement yesterday and a clear direction was not established. This behaviour can be partly attributed to the lack of economic indicators and an overall stale fundamental environment.
Forex News: The pair had a slow trading session yesterday, with a timid climb in the afternoon after a near-touch of the 50 period Exponential Moving Average. Part of this behaviour was due to a lacklustre economic calendar.
Forex News: The U.S. Non-Farm Payrolls released Friday showed a lower number than analysts had expected but the previous value was revised higher and this boosted the US Dollar, creating a bearish move for the pair.
Forex News: The pair had a mixed trading session yesterday, moving above and below the level at 1.0525, without a clear bias. The jobs data released yesterday by the United States came below expectations and this weakened the US Dollar to some extent.
Forex News: The pair bounced higher yesterday and moved above the 50 period Exponential Moving Average ahead of the FOMC Minutes release, which created some Dollar strength but nothing substantial. Overall the session belonged to the bulls but bearish pressure has increased.
Forex News: The US Dollar won the battle against the Euro yesterday, boosted also by a better than expected Manufacturing PMI survey. Key support is threatened and seems like volume is back after the winter holidays.