USD / CAD continues its struggle to post a significant recovery from the month-long lows. The optimistic decision of the Bank of Canada last week and a rebound in oil prices benefit the CAD and limit the pair’s gains. A rally in US bond yields benefits the USD and helps limit losses ahead of the […]
Tag: Bonds
GBP / USD with modest losses, remains below the 1.3900 level
A modest pickup in USD demand triggers some selling around GBP / USD on Tuesday. Risk appetite and pessimistic expectations from the Fed limit the USD and help limit the pair’s losses. The pair GBP/USD moves with a slight negative bias during the European session on Tuesday, remaining slightly lower around the region of 1.3880. […]
GBP / USD cuts intraday gains, stabilizes around 1.3875-80 region
GBP / USD witnessed a pullback of more than 50 pips from the two-day highs, around the 1.3929 area. A good recovery in US bond yields sustained the USD and put some pressure on it. USD bulls did not appear to be affected by disappointing US durable goods orders. The pair GBP/USD It fell more […]
Drops to fresh multi-week lows, below 38.2% Fibonacci support
The sustained selling bias of the USD continued to put pressure on the USD / JPY. A break below the 38.2% Fibonacci level accelerated the intraday decline. The trend channel support could help limit further losses for the pair. The pair USD/JPY added to its intraday losses and fell to fresh seven-week lows around the […]
XAU / USD retraces from highs around $ 1,790, decline remains supported
Gold struggles to capitalize on its positive intraday move to the $ 1,790 region. A modest rebound in equity markets and US bond yields is putting some pressure. The prevailing selling bias around the USD should help limit gold’s slide. The oro moves within a relatively narrow range, between $ 1,780-1,790, during the European session […]
USD / CHF trades with modest losses around 0.9160-55, looks vulnerable
USD / CHF saw some selling on Thursday and broke two days of the winning streak. The USD remained depressed near multi-week lows amid declining odds of a Fed rate hike. Nerves from COVID-19 benefited safe haven CHF and further contributed to intraday sales. The pair USD/CHF it remained depressed for the middle of the […]
USD / CAD rises back to the 1.2500 region but lacks continuation
USD / CAD reverses an intraday decline and is now climbing back above the 1.2500 level. Nervousness around COVID-19 and a modest rebound in US bond yields prop up the USD. The drop in crude oil prices weighs on the CAD and continues to support the rally in the pair. The pair USD / CAD […]
XAU / USD remains stable near the $ 1,790 level, upside potential intact
Gold consolidates its recent strong gains around the $ 1,800 level, close to two-month highs. New nerves surrounding COVID-19, falling US bond yields and the outlook for a weaker USD support expectations of additional earnings. The oro it has remained trapped within a tight trading range during the European session on Thursday, consolidating its recent […]
USD / JPY remains under pressure near multi-week lows below the 108.00 level
The nerves surrounding COVID-19 continue to benefit the safe haven JPY and weigh on the USD / JPY. Falling US bond yields keeps USD bulls on the defensive and puts some pressure on the pair. An increase in new coronavirus cases in Japan helps limit the deepest losses for the pair. The pair USD/JPY has […]
XAU / USD bulls expect a move above the 100-day EMA near the $ 1,790 level
Gold gains traction for the second day in a row on Wednesday. Renewed nervousness around COVID-19 provides a modest boost to the safe-haven precious metal. A rally in US bond yields benefits the USD and limits XAU / USD gains. The price of oro it is moving higher during the first half of trading action […]