Dollar keeps firmer ahead of European trading
The greenback is maintaining its advance, particularly against commodity currencies so far today
The dollar is keeping firmer ahead of European morning trade, as we see risk sentiment turn a little softer with US futures seen down by ~0.6% currently.
That is weighing a little on commodity currencies, particularly the aussie and kiwi as they trade closer to session lows now and are down by ~0.5% against the dollar.
Looking at the charts:
EUR/USD is keeping below the 1.1700 handle and that is the key line in the sand for the pair as sellers look to build further downside momentum towards the end of the week.
There is little support before we get to the 50.0 retracement level @ 1.1590 but sellers could potentially be eyeing a move towards 1.1500 next should we see the dollar continue to benefit from the ongoing risk slide as seen yesterday.
Cable is also in a precarious spot as price action is starting to threaten a firm break below its key daily moving averages and the 61.8 retracement level @ 1.2722.
Buyers are still trying to hang on to the key levels above but as the dollar continues to make its case for a push higher and the pound facing persistent headwinds over the past week, a firm break today could lead cable to dribble lower towards 1.2500 next.
Amid the turn in the risk mood, the aussie is also failing to hold its ground as we see AUD/USD breach below its August low and testing a break below its 24 July low @ 0.7064.
Odds that the RBA will ease policy further at its October meeting have also increased this week, with aussie cash rate futures implying a ~76% chance of a cut as of today – up from ~63% at the end of last week.
That puts the pressure on AUD/USD aiming towards its 100-day MA (red line) @ 0.7002 next and alongside the 0.7000 level, will be a key spot for buyers to defend.
Much like the aussie, the kiwi is also weighed down amid the souring risk mood but also as the RBNZ kept a more dovish tone at its policy meeting this week.
The double top pattern in NZD/USD is also an ominous sign as we see price action start to nudge towards its August and mid-July lows, with the 100-day MA (red line) @ 0.6500 also coming into focus now.
A break below that will see sellers extend the downside momentum, with little standing in the way of a push towards 0.6400 and the 200-day MA (blue line) thereafter.
Source: Technical analysis
Comments (65)
… [Trackback]
[…] Here you can find 45465 more Info to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Here you can find 83159 more Information to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Here you will find 90427 additional Info on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
I don’t even know how I ended up here, but I thought this post was good.
I do not know who you are but definitely you are going to a famous blogger if you
aren’t already 😉 Cheers!
Hmm it looks like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.
I too am an aspiring blog blogger but I’m
still new to everything. Do you have any helpful hints for beginner blog writers?
I’d definitely appreciate it.
viagra for men for sale Secondary Association Analyses
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
Madison djzLHRuzRBbLuIB 5 20 2022 get viagra prescription On July 29, he became the oldest player to hit a walk off homer, breaking a mark previously held by Hall of Famer Hank Aaron
Mitogen activated protein MAP kinases act as transducers of extracellular signaling via tyrosine kinase growth factor receptors and G protein linked receptors to elements regulating transcription who makes stromectol On some trials, we placed two treats, of differing value, under each cup in full sight of the birds e
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Here you will find 98765 more Information on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] There you can find 61440 additional Information on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] There you will find 18120 additional Info on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
all the time i used to read smaller posts which also clear their motive, and that is also happening with this paragraph which I am reading here.
Does your blog have a contact page? I’m having problems locating
it but, I’d like to send you an e-mail. I’ve got some suggestions for your blog you
might be interested in hearing. Either way, great website and I
look forward to seeing it improve over time.
I know this if off topic but I’m looking into starting my own weblog and
was wondering what all is needed to get setup? I’m assuming having a blog like yours would cost a
pretty penny? I’m not very internet smart so I’m not 100% certain. Any suggestions
or advice would be greatly appreciated. Many thanks
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
I every time spent my half an hour to read this webpage’s articles everyday along with a cup of coffee.
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
It’s nice to see the best quality content from such sites.
I appreciate you sharing this blog.Really looking forward to read more. Really Great.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
Nice post. I learn something totally new and challenging on websites Watch bbc farsi صفحه اول
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
Thank you for starting this up. This website is something that is needed on the internet someone with a little originality!
So great to find someone with some original thoughts on this topic. Really..
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
You re so awesome! I don t believe I have read a single thing like that before.
… [Trackback]
[…] There you will find 23594 more Info to that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
lso thank you for allowing me to comment!. horse racing in dubai
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
Наша бригада искусных исполнителей готова предоставлять вам актуальные системы, которые не только гарантируют прочную охрану от холодных воздействий, но и подарят вашему домашнему пространству стильный вид.
Мы работаем с новейшими компонентами, ассигнуруя постоянный продолжительность работы и превосходные решения. Утепление внешнего слоя – это не только экономия на отоплении, но и ухаживание о природной среде. Энергоспасающие инновации, какие мы используем, способствуют не только дому, но и сохранению природной среды.
Самое важное: Утепление фасада цена у нас начинается всего от 1250 рублей за кв. м.! Это доступное решение, которое изменит ваш жилище в настоящий уютный район с минимальными затратами.
Наши труды – это не просто изоляция, это разработка области, в котором любой компонент преломляет ваш индивидуальный модель. Мы примем все все твои потребности, чтобы осуществить ваш дом еще более приятным и привлекательным.
Подробнее на https://www.ppu-prof.ru/
Не откладывайте труды о своем обители на потом! Обращайтесь к экспертам, и мы сделаем ваш корпус не только согретым, но и стильнее. Заинтересовались? Подробнее о наших работах вы можете узнать на сайте компании. Добро пожаловать в пределы спокойствия и качественной работы.
Scrap metal grading standards Aluminium recycling processing solutions Aluminium recycling industry compliance
Metal waste recovery and reuse, Aluminum cable scrap recycling companies, Metal scrap collection services
Metal reprocessing depots Aluminum scrap recycling equipment Aluminium scrap selling
Scrap metal price volatility, Melting aluminum cable, Metal reclaim
Metal reprocessing solutions Aluminium scrap quality control Aluminium scrap sorting technology
Scrap metal reclamation and recycling facility, Scrap aluminum cable pricing, Scrap metal handling equipment
Scrap metal business ethics Scrap aluminium carbon footprint Aluminum scrap pricing
Scrap metal transportation services, Aluminum cable recycling feasibility, Scrap metal shredding
Scrap metal business ethics Household aluminum scrap Sustainable aluminium scrap management
Metal waste logistics services, Aluminum cable price, Scrap metal price volatility
Metal reclaiming center services Efficient metal scrap handling Iron recovery facility
Ferrous material recycling symposiums, Iron salvage and recycling, Scrap metal yard
Scrap metal reclaiming and reprocessing Ferrous waste reclamation center Iron scrap reclamation solutions
Ferrous scrap carbon footprint, Iron scrap separation, Scrap metal industry news
Metal recovery and repurposing Ferrous metal reclamation yard Iron scrap utilization
Ferrous metal recycling forums, Iron scrap shearing, Metal scrap inventory management
Metal scrap reclamation and reuse Ferrous material recycling ecosystem preservation Iron scrap refining
Ferrous recovery solutions, Iron and steel reclaiming facility, Metal waste recovery solutions
Scrap metal market trends Ferrous material processing technologies Iron metal waste
Ferrous reclamation, Iron recyclables processing, Metal reclaiming and reclamation
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/dollar-keeps-firmer-ahead-of-european-trading/ […]
Metal waste repurposing technologies Ferrous material market expansion Iron waste recovery yard
Ferrous material recycling fleet, Iron scrap dismantling, Eco-friendly scrap metal handling