South African Rand Sep '19 (T6U19)
South African Rand Futures Market News and Commentary
The dollar index (DXY00) on Wednesday moved up by +0.069 (+0.07%). Dec euro-fx futures (E6Z9) closed down by -0.0009 (-0.09%), and EUR/USD (^EURUSD) fell by -0.0005 (-0.05%). Dec yen futures (J6Z9) closed down by -0.0008 (-0.08%), and USD/JPY (^USDJPY) rose +0.06 (+0.06%).
The dollar index moved higher Wednesday as heightened trade tensions between the U.S. and China undercut the yuan and as deflation concerns and dovish ECB commentary weighed on EUR/USD.
Trade tensions between the U.S. and China increased Wednesday, which knocked the yuan down to a 2-1/2 week low of 7.0410 yuan/USD, after the U.S. Senate late Tuesday night passed legislation supporting Hong Kong protesters and warned China against a violent suppression of the demonstrations. China responded by threatening unspecified retaliation if the bill becomes law. The markets are concerned that ongoing trade talks could be threatened because of the Senate bill. The yuan fell further Wednesday after the editor of... Read more
- Minutes From Recent FOMC Oct Meeting Will Be Released Today
The meeting's minutes may offer clues about the direction of future policy.
- EUR/USD Mid-Session Technical Analysis for November 20, 2019
Based on the early price action and the current price at 1.1056, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction...
- USD Index Already Moving Lower; 97.75 Represents Bearish Level - Elliott Wave analysis
If EURUSD finished a five-wave rise from the lows, then USD Index may have also a completed five waves of decline from the highs, which means that we...
- Selling the Yen Against the Franc
The spread has historically profited 13 of the last 15 years
- NZDUSD Looks To Recover Further Higher Towards The 0.6465 Zone
NZDUSD the pair closed further higher on Monday leaving risk of more strength in the days ahead.
- I Am Bearish The Mexican Peso
Excellent chart structure