Dukascopy Daily Forex Overview

By Dukascopy Bank SAJan 27, 2008 07:00PM ET

www.investing.com/analysis/market-analysis/dukascopy-daily-forex-overview-3970

Dukascopy Daily Forex Overview

By Dukascopy Bank SA | Jan 27, 2008 07:00PM ET

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Previous session overview
On Friday, the dollar benefitted from a turn in risk sentiment, as uncertainty mounted ahead of the Federal Reserve meeting this week.

EURUSD traded with a low of 1.4660 and a high of 1.4777 before closing the day at 1.4670 in the New York session. Against the dollar, the euro is lower in a tight range.

The pound sterling also gained as investors' appetite for risk improved following a rally in global stocks. GBPUSD traded with a low of 1.9746 and a high of 1.9803 before closing the day at 1.9803 in the New York session.

The Japanese yen softened following a rally in global stocks, which encouraged investors to buy higher-yielding assets.

German business confidence unexpectedly rose in January, suggesting that eurozone interest rates will remain on hold at 4 percent.

The Australian dollar remains supported by its widening yield advantage and a rebound in global stocks.

The Canadian dollar softened after core consumer prices fell 0.3% in December.

Market expectation
As long as stocks remain sluggish, advances in the euro against the yen will be limited which, in turn, could hamper rises in the euro versus the dollar.

Look for the euro to remain strong as investors continue to dump the U.S. dollar.

Looking ahead, the State of the Union address and new home sales are due today.

EUR/CHF has gained momentum recently, but the upside seems limited in the short term.

USD/JPY at risk of falling toward 105 if global stocks remain weak.

USD should have some support as players unlikely to make any large one-sided bets amid uncertainties over the Fed's next rate decision.

Friday's non-farm payrolls report will confirm or deny whether the Federal Reserve has made the right decision.

Bank of England is expected to cut rates as the outlook for the U.K. economy remains shaky.

Today's Australia Day holiday ensures a slow start to the week for both AUD and NZD.

Looking ahead, Eurozone M3 money supply growth is expected to slow slightly from 12.30% yoy to 12.2% yoy in Dec but remain extremely strong.

Trading resumed in thin volume and stays in narrow ranges after... By ACM - Dec 28, 2008

Most major currency pairs were confined to narrow ranges and volume was lighter than usual with most Asian and European markets closed. Trading resumed in the United States after...

Economics Weekly By Lloyds TSB Corporate Markets - Dec 22, 2008

2008 has been a year full of tumultuous events for financial markets, with the failure of some of the brightest names in the banking sector and wholesale government rescues being...

EUR/USD Daily Outlook By Exness - Dec 22, 2008

EUR/USD continues to be in neutral state today. As it was discussed before, break of upper boundary of symmetrical triangle and crossing of Tenkan and Kijun lines of Ichimoku Kinko...

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

May 07, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

May 08, 2025

SNB

0.25%

Jun 19, 2025

RBA

4.10%

May 20, 2025

BOC

2.75%

Apr 16, 2025

RBNZ

3.50%

May 28, 2025

BOJ

0.50%

May 01, 2025

CBR

21.00%

Apr 25, 2025

RBI

6.00%

Jun 06, 2025

PBOC

3.10%

BCB

14.25%

May 07, 2025

US 30	40,237.0	+643.3	+1.62%
US 500	5,361.3	+93.3	+1.77%
Dow Jones	40,212.71	+619.05	+1.56%
S&P 500	5,363.36	+95.31	+1.81%
Nasdaq	16,724.46	+337.14	+2.06%
S&P 500 VIX	37.56	-3.16	-7.76%
Dollar Index	99.890	-0.720	-0.72%

Crude Oil WTI	61.50	+1.43	+2.38%
Brent Oil	64.76	+1.43	+2.26%
Natural Gas	3.527	-0.030	-0.84%
Gold	3,244.60	+67.10	+2.11%
Silver	31.910	+1.151	+3.74%
Copper	4.5230	+0.1865	+4.30%
US Soybeans	1,042.75	+13.75	+1.34%

U.S. 10Y	4.495	+0.072	+1.63%
U.S. 30Y	4.875	+0.006	+0.12%
U.S. 5Y	4.168	+0.098	+2.41%
U.S. 3M	4.325	+0.006	+0.14%
US 10Y T-Note	109.73	-0.86	-0.78%
Euro Bund	130.98	+0.62	+0.48%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	198.15	+7.73	+4.06%
NVIDIA	110.93	+3.36	+3.12%
Alphabet A	157.14	+4.32	+2.83%
Tesla	252.31	-0.09	-0.04%
Amazon.com	184.87	+3.65	+2.01%
Netflix	918.29	-2.88	-0.31%
Meta Platforms	543.57	-2.72	-0.50%

Dukascopy Daily Forex Overview

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