Joshua

GBP/USD reverses an intraday slide amid the appearance of strong selling around the dollar. Spot, prices lack bullish conviction and remain below a technically significant 200-day SMA. This obstacle coincides with the resistance of the ascending channel and should act as a pivot point. The pair GBP/USD it attracts some buying near the 1.2025 area […]

The euro among the currencies that rise the most on Monday. “Hawkish” comments from ECB officials continue. EUR/GBP bounces from month lows, after reaffirming support at 0.8570. EUR/GBP is having one of the best days so far in November buoyed by a firmer Euro and also having found support again in the area around 0.8570. […]

The Mexican peso maintains its favorable tone against the dollar despite the context. Equity markets down on Monday, but not in favor of the dollar. USD/MXN with a bearish bias pressing on support at 19.25/30. The USD/MXN is trading without major changes at the start of the week and remains close to 19.30 and its […]

The AUD/USD falls for the second day in a row, although it has no continuity in selling. China’s COVID-19 weighs on investor sentiment and undermines the Aussie’s risk appetite. The dollar remains depressed amid bets on less aggressive Fed rate hikes and offers support. The pair AUD/USD it opens with a modest bearish gap on […]

USD/JPY falls to a fresh three-month low on Monday, coming under pressure from a combination of factors. Less aggressive Fed rate hike bets and declining US bond yields continue to weigh on the dollar. The risk averse state benefits the safe haven yen and also contributes to the sharp intraday decline. The pair USD/JPY starts […]

Concern about the situation in China affects markets and raw materials. WTI below $74.50, at the lowest since December. Oil prices remain under pressure and are trading at price levels not seen since December of last year. Concerns about the impact of the protests in China on oil demand are pushing prices down. In free […]

EUR/JPY adds to Friday’s rise and approaches 145.00. The next level up is the small hurdle at 146.13. EUR/JPY extends the recent bounce to near 145.00 at the start of the week. The cross manages to break the previous pullback to 143.00 and now targets the 145.00 area. The continuation of the bounce exposes a […]

Markets down at the start of the week. Spotlight on China: rising COVID cases and protests over restrictions. The dollar reverses and falls while the euro stands out. Metals rebound firmly, gold at the highest in a week. Equity markets are falling at the start of the week affected by what is happening in China […]

Gold climbs to weekly highs above $1,760. The dollar loses ground on all fronts despite risk aversion. Wall Street futures point to opening with losses around 0.70%. Gold rose nearly $20 from the Asian session low and recently hit a one-week high of $1,763, buoyed by a weak dollar and despite a rebound in sovereign […]

The euro is among the currencies that rise the most on Monday. The dollar loses ground after a positive start. EUR/USD aims to test month highs and eyes 1.0500. EUR/USD topped the previous November high by a spike, reaching the highest level since early July, supported by a firm euro across the market. At the […]