EUR/JPY extends Friday’s advance and retakes the 135.00 level. For more gains, the euro needs to clear the 138.30 region in the short term. EUR/JPY extends the rally further and manages to visit the area just above 135.00 on Monday. If the recovery accelerates, the cross could see a blunted decline after closing above the […]
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USD/MXN sets its sights on 20.00, the Mexican peso remains firm
The Mexican peso had a great performance in the market last week. The dollar loses strength due to a rise in stock markets and stability in Treasury bond yields. USD/MXN bearish in the short term, look towards 20.00. USD/MXN erased Monday’s gains and returned to the 20.10 zone, showing that bearish pressures remain. The cross […]
USD/CAD trims modest intraday gains, unchanged around 1.2925 area
USD/CAD struggled to preserve its intraday gains amid modest USD weakness. Falling US bond yields turned out to be a key factor weighing on the dollar. Lower crude oil prices undermined the loonie and offered support to the pair. The pair USD/CAD made sideways moves ahead of the American session and was last seen trading […]
US: Manufacturing Empire disappoints in May with a sharp drop to -11.6 vs. +15.5 expected
The The Bank of New York’s Federal Reserve Empire manufacturing index fell sharply in May to -11.6 points from +24.6 in April. The result has disappointed the expectations of the market, which expected a more moderate decline to +15.5. After strong growth last month, business activity declined in New York state, according to businesses responding […]
AUD/USD remains negative around 0.6920, the decline seems supported
Disappointing Chinese macro data prompted fresh selling around AUD/USD on Monday. A softer risk tone is seen as another factor weighing on the AUD’s higher perceived risk. Falling US bond yields keep USD bulls on the defensive and help limit deeper losses in the pair. The pair AUD/USD remains on the defensive and is trading […]
GBP/USD stabilizes at 1.2250, bears eye 1.20 level closely
GBP/USD has stabilized at 1.2250, where it is trading flat ahead of a busy week of US/UK economic events. Analysts believe that if sentiment continues to deteriorate, the risk sensitive pair could be pressured below 1.20000. GBP/USD has stabilized at 1.2250 on Monday against the backdrop of a nervous start to the week for global […]
S&P 500: Futures calm, with modest decline after rally on Friday
Wall Street futures in negative territory after Friday’s sharp rise. Gold remains under pressure and returns below $1,800. The dollar remains firm, although without setting new highs. Markets are trading somewhat calmly on Monday, mostly negative, but without showing great volatility for the time being. Wall Street futures point to a negative open after Friday’s […]
USD/CHF hits new three-year highs above 1.0050
The Swiss franc is weak at the start of the week. The dollar remains firm, with limited runs on Monday. USD/CHF overbought but without major signs of correction. USD/CHF is higher on Monday, having closed Friday with the sixth weekly gain in a row. The pair climbed to 1.0057, the highest level since mid-May 2019. […]
EUR/USD makes new highs above 1.0430
The euro starts the week with rises in the market. The DXY without major changes, remains in the area of ​​highs in years. EUR/USD with resistance ahead at 1.0440/50 and 1.0480. EUR/USD is rising for the second day in a row on Monday, rebounding from a multi-year low. It recently posted a new daily high […]
USD/JPY moves closer to 129.50 again, lacks continuation buying
USD/JPY attracts some buying on Monday amid declining safe-haven demand. Falling US bond yields keep USD bulls on the defensive and limit the pair’s upside. The policy divergence between the Fed and the Bank of Japan supports the prospects for further gains in the short term. The pair USD/JPY it has risen close to 60 […]
