Technical Analysis

ForexLive European FX news wrap: Dollar steady amid mixed markets



  • GBP leads, CHF lags on the day
  • European equities mixed; S&P 500 futures down 0.4%
  • US 10-year yields down 5.7 bps to 4.175%
  • Gold down 0.3% to $1,643.83
  • WTI crude down 1.1% to $83.67
  • Bitcoin down 0.5% to $19,287

It was a quiet session for the most part as markets are keeping more mixed awaiting key central bank meeting decisions over the coming week or so. Equities were marked lower after a tepid start while bond yields are on the retreat in a bit of a turnaround to yesterday.

The dollar was largely steadier, though little changed across the board. There wasn’t any notable price action in USD/JPY as well with traders remaining cautious in the absence of intervention plays today. The pair stuck itself around 148.80 to 149.00 for the most part.

Meanwhile, the pound is the lead gainer but even so, the advance isn’t anything to shout about. GBP/USD is up 0.4% to 1.1320 but remains rather contained as noted here.

Commodity currencies are also trading fairly mixed with USD/CAD up 0.2% to 1.3725 while AUD/USD is up 0.2% to 0.6325 as overall movement lacks appetite in European morning trade.

Well, considering that we are seeing mixed markets, it’s not a surprise to see a lack of appetite overall as we count down to the big central bank decisions over the coming days and next week.

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