Live Chat
Live Chat

USD rebounded slightly with the higher US stock

USD index rebounded slightly on higher US stock. And US Treasury Secretary said Trump’s tweet last Monday on currency manipulation was a “warning shot” rather than a call for a weak USD. Also Fed’s member all sounds good for economy, tight labour market, higher inflation and support gradual rate hike policy that driven some demands back for USDUSDJPY dips down shallow below 107 and grid back after stock goes higher. Some risk on sentiment in Asian session driven the effect of gradually higher YEN cross. Overall USDJPY remains lock in 106.70-107.50 sideway consolidation with sellers remain thick on topside.

EUR after a shallow hit of 1.2413 turns back gradually with demand around 1.2320-30. And some consolidation ahead of next week’s ECB meeting high likely.

GBP also comes down from fresh year high 1.4377 overnight after job data and overall tone remain to be constructive. Today Eurozone and UK CPI data will have some impact for EUR and GBP.

AUD / NZD / CAD in tight move overnight and overall still a reflection of braod USD direction. Today Bank of Canada meeting expects the rate keeping unchanged at 1.25% but statement will be focused. Also US MBA Mortage application, Fed’s Beige Book, Fed’s William Dudley and Quarles speech together with stock/bond market move will direct the intraday action.

Hantec Global

Ready to start trading?

Open an Account Try Demo

  • Start Forex Trading with Hantec Global now


  • SUBSCRIBE to Hantec Global Newsletter