USD / JPY added to the overnight losses and witnessed some subsequent selling on Wednesday. A sell-off in the stock markets sustained the safe-haven JPY and put heavy pressure. A strong rally in USD demand helped the pair find some support before 104.00. The pair USD/JPY it remained depressed during the early North American session, […]
Tag: Aversion risk
USD / CAD rises near two-week highs around the 1.3250 level before the BoC
A combination of supporting factors helps USD / CAD gain strong traction on Wednesday. Nervousness over the coronavirus weighs on investor sentiment and fuels safe-haven monetary flows into the USD. A sharp drop in oil prices weighs on the CAD and supports the pair’s upward move before the BoC. USD buying interest has accelerated during […]
Gold with modest losses around $ 1,900 region amid stronger USD
A strong rebound in the demand for USD puts new pressure on the prices of gold, denominated in dollars. A sell-off in the stock markets could offer some support to safe-haven gold and help limit losses. The bears could wait for a sustained break below the 100-day SMA before opening aggressive positions. The gold moves lower […]
WTI falls 4% to new three-week lows below $ 38 level amid coronavirus fears
WTI prices fall amid demand concerns as coronavirus cases rise in the EU. Possible lockdowns in Germany and France affect risk sentiment. The build-up of API crude inventories raises oversupply fears, EIA data will draw attention. The WTI (NYMEX futures) continues to decline during the European session on Wednesday, trading near the lowest levels in […]
USD / JPY near five-week lows around 104.20 region
USD / JPY extends the heavy losses of the previous day and remains under pressure for the second day in a row. The prevailing sentiment of risk aversion benefits the JPY and puts some pressure on the pair. A modest pickup in USD demand could help limit the slide amid political uncertainty in the United […]
GBP / USD falls to week-long lows below 1.3000 amid notable USD demand
GBP / USD comes under new selling pressure on Wednesday and renews weekly lows. Nervousness over the coronavirus drives safe-haven monetary flows into the USD and puts heavy pressure on the pair. Brexit-related uncertainties weigh on the GBP and further increase the selling bias in the pair. The pair GBP/USD has seen strong sales at […]
USD / CHF rises to highs of over a week and seeks to extend momentum above 0.9100 level
USD / CHF extends this week’s positive movement and gains traction for the third day in a row. The unrest around the coronavirus continues to benefit the USD as a global reserve currency. The prevailing sentiment of risk aversion could reactivate the demand for the CHF as a safe haven and limit the rise of […]
USD / CAD remains bearish near the 1.3180-75 region, decline appears limited
A combination of factors triggered new selling around USD / CAD on Tuesday. US political uncertainty weighed on the dollar, despite upbeat US macroeconomic data. A good rally in oil prices sustained the loonie and added to the selling bias. The pair USD / CAD it updated daily lows, around the 1.3155 region during the […]
USD / CHF recovers the previous day’s decline and remains comfortably above 0.9050
A good recovery in USD demand helps USD / CHF gain traction on Thursday. Risk-off sentiment benefits the safe-haven CHF and limits additional earnings. The pair USD/CHF maintains its recovery movement during the European session on Thursday, extending the previous day’s bounce from the 0.9030 region. At the time of writing, the pair remains close […]
USD / JPY struggles to gain significant traction, holding steady above 104.50 level
USD / JPY has moved higher on Thursday, although it has lacked a solid continuation buy. Risk aversion benefits the safe haven JPY and limits the initial rally. A modest pickup in USD demand provides support and helps limit the decline. The pair USD/JPY It has returned initial gains to a high of 104.75 and […]
