Forex Daily News

23rd January 2019

22nd January 2019

WH: Trade teams in touch in preparation for high level talks at the end of Jan – CNBC

In response to an earlier report about Trump administration cancelling the meeting with Chinese officials at the end of the month amid lack of progress in two key trade issues, the White House said that trade teams of both sides were still in touch.

"WH says trade teams "remain in touch in preparation for high level talks with Vice Premier Liu…

Read more...

S&P500 Technical Analysis: US Stocks decline below the 2,650.00 level

S&P500 daily chart

The S&P500 Index is trading in a deep pullback below the 100 and 200-day simple moving averages (SMAs).

S&P500 4-hour chart

The S&P500 is above the main SMAs suggesting bullish momentum in the near-term.

S&P500 30-minute chart

The market broke below the 2,650.00 support and the 200 SMA suggesting bearish momentum in the near-term.
If the market can continue its decline below the 2,620.00…

Read more...

EUR/USD rebounds from 2-week lows and prints fresh daily highs above 1.1370

Pair moves higher as the US Dollar turns lower across the board. 
Reports about US-China trade war pushed equity prices further lower and weakened the greenback. 

The EUR/USD pair rose further during the US session and recently reached at 1.1373 a fresh daily high. At the time of writing, it is flat for the day around 1.1365. Earlier today, bottomed at 1.1335,…

Read more...