Dollar Falls Back as Competitors Stay Bullish! – Orbex Forex Trading Blog

European stock markets declined on Tuesday, reaching a two-week low, as fresh worries about the US-China trade conflict resurfaced and corporate news, specifically from French tire maker Michelin, weighed heavily on the market. The overall STOXX 600 index fell by 0.6%. Investors were nervous after both the US and China began imposing new port fees…

AUD/USD is attempting a recovery wave from 0.6540. NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today · The Aussie Dollar found support near 0.6540 and is now recovering against the US Dollar. · There was a…

Daily Pivots: (S1) 1.1561; (P) 1.1642; (R1) 1.1721; More… A temporary low is formed at 1.1561 and intraday bias is turned neutral. Risk will stay mildly on the downside as long as 1.1829 resistance holds. Fall from there correcting the rise from 1.1829 or whole rally from 1.0176. Below 1.1561 will target 55 D EMA…

In the FX Swaps market there is increasing demand for more currency pairs and longer dated tenors to be quoted. This is being driven by various factors, including clients using swaps to hedge over longer periods to provide more certainty, improved access to liquidity and greater execution flexibility, institutional investors using swaps as part of…