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UK Market Commentary - Tuesday, April 16
Article By:
James Harte
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Tuesday, April 16, 2024 10:14 AM EDT
The latest set of UK labour market readings, released today, was something of a mixed bag. On the one hand, wages were seen holding steady at 5.6%, above the expected 5.5%, with the claimant count coming in at 10.9k vs 17.2k expected.
In this article: FXB
EUR/USD Price Fails To Recover Amid Upbeat US Retail Sales
Article By:
Yohay Elam
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Tuesday, April 16, 2024 10:03 AM EDT
The downside pressure remains high as the DXY is bullish. The lower median line stands as a dynamic support. New false breakdowns may announce an oversold.
Tuesday Talk: Money And War Go Together Like...
Article By:
David Marshall
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Tuesday, April 16, 2024 9:03 AM EDT
I'll let you complete the headline, each to one's own worldview; but the stock market is getting off easy blaming the Middle East for its current correction rather than its own excesses.
GBP/USD Outlook: Pound Maintains 5-Month Low Following Data
Article By:
Yohay Elam
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Tuesday, April 16, 2024 8:52 AM EDT
US retail and core retail sales jumped in March. The likelihood of a Fed cut in September has risen to 46%. Data revealed a slight easing in the UK labor market.
USD On Approach To 155 Barrier
Video By:
LMAX Group
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Tuesday, April 16, 2024 8:09 AM EDT
The US Dollar continues to march forward, with the Dollar Index trading to its highest level since early November 2023.
In this video: UUP
US Dollar Looks For Five-Day Winning Streak On Safe-Haven Inflows, Diverging Rate Outlook
Article By:
Filip Lagaart
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Tuesday, April 16, 2024 7:37 AM EDT
The US Dollar enters a fifth straight day of gains against most major peers.
In this article: UUP
EUR/USD Forex Signal: Death Cross Pattern Nears
Article By:
Crispus Nyaga
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Tuesday, April 16, 2024 6:48 AM EDT
The EUR/USD pair has crashed for five straight days as the US dollar has staged a strong comeback. This sell-off intensified on Monday after the US published strong retail sales numbers and after the weekend attack on Israel.
Elliott Wave Technical Analysis: Euro/U.S. Dollar - Tuesday, April 16
Article By:
Peter Mathers
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Tuesday, April 16, 2024 6:30 AM EDT
The analysis suggests that the current market direction contradicts the prevailing trend. This indicates that the EUR/USD pair may be undergoing a temporary reversal against the broader uptrend.
AUD/JPY Falls To Near 99.00 Amid Market Caution, Awaits Israel’s Reaction To Iran’s Attack
Article By:
Akhtar Faruqui
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Tuesday, April 16, 2024 6:25 AM EDT
AUD/JPY edges lower on risk aversion as traders expect Israel to respond to Iran’s assault. Australian Dollar faced challenges amid apprehensions that the RBA may ease monetary tightening in the foreseeable future.
NZD Hits Five-Month Low Against Strong US Dollar
Article By:
Andrey Goilov
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Tuesday, April 16, 2024 5:45 AM EDT
The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark.
In this article: UUP
Two Trades To Watch: GBP/USD, Oil Forecast - Tuesday, April 16
Article By:
Fiona Cincotta
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Tuesday, April 16, 2024 5:15 AM EDT
GBP/USD held at a five-month low after jobs data and ahead of Fed Chair Powell's speech.
USD/CHF Stays Above 0.9100 Nearing The Highs Since October
Article By:
Akhtar Faruqui
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Tuesday, April 16, 2024 4:57 AM EDT
USD/CHF hovers below 0.9152, the highest since October reached on Monday. US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates.
AUD/USD Forex Signal: Risk-On Flow
Article By:
Adam Lemon
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Tuesday, April 16, 2024 4:07 AM EDT
Price falls firmly to new 5-month low.
FX Daily: CNY Depreciation Risk Adds To Bullish Dollar Tone
Article By:
ING Economics
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Tuesday, April 16, 2024 3:55 AM EDT
As if high US inflation and strong activity data, geopolitical risks and a looming ECB rate cut were not enough to drive the dollar stronger, the dollar could now be buoyed by Chinese authorities allowing a weaker renminbi.
