EUR / JPY remains on the sidelines around the 126.00 area. Immediately to the upside come the 2020 highs just above 127.00. The neutral stance of several sessions of the EUR/JPY holds good and solid on Wednesday, always around 126.00. The EUR / JPY entered a consolidation phase following last week’s rejection from highs near […]
Tag: Crosses
USD / TRY remains in the range around 7.80
USD / TRY remains in the consolidation range around 7.80. Turkey’s inflation figures rose more than expected in November. Stealth is still the name of the game ahead of the CBRT event. The Turkish lira recovered some buying interest in the second half of the week and boosted the USD/TRY to reverse part of the […]
USD / TRY Extends Movement Within Range Above 7.8000
USD / TRY maintains daily gains above the 7.80 level. Attention shifts to inflation figures for November on Thursday. Investors remain focused on the CBRT meeting on December 24. The Turkish lira alternates gains with losses against the dollar and boosts the USD/TRY to navigate within the 7.77-7.85 range so far on Wednesday. USD / […]
Next target emerges at 2020 highs
EUR / JPY broke the key barriers at 125.00 and 126.00. Further upside now points to yearly highs around 127.00. The EUR/JPY adding to the recent strong advance and breaking above key resistance around 126.00 following Tuesday’s breakout of another major hurdle at the 125.00 zone. If the buying pressure manages to gain more traction, […]
Looking for a bearish channel breakout
EUR / GBP is currently moving above the upper end of the bearish channel, represented by the trend lines connecting the highs of September 11 and October 20 and the lows of September 28 and November 11. The pair needs to achieve a convincing close above 0.8987 on Wednesday to confirm the bullish breakout. That […]
USD / TRY firmer, bounces away from 7.8000 zone
USD / TRY adds to Monday’s gains and is approaching 8am. Weekly support emerges in the region of 7.74 (Monday). Turkey’s manufacturing PMI fell to 51.40 in November. The lira starts the week on the defensive and raises the USD/TRY back to the 7.90 region on Tuesday. USD/TRY se acerca a 8.00 USD / TRY adds […]
USD / TRY targets 7.70 as the lira remains offered
USD / TRY extends the decline and is approaching 7.70. Turkey’s GDP surprised to the upside in the third quarter. Turkey’s trade deficit narrowed to around $ 2.40 billion in October. The buying bias around the Turkish currency holds good and solid for another session on Monday and drags the USD/TRY to multi-day lows near […]
Rejected at bearish channel resistance
EUR / GBP rose 0.7% last week, but failed to break the resistance of a bearish channel. A breakout would imply the end of the downtrend from the September 11 highs near 0.93. EUR / GBP is currently trading slightly lower on the day, around the 0.8965 / 70 region. The pair rose 0.70% in […]
USD / TRY bounces away from 3-day lows near 7.75
USD / TRY loses more momentum and tests the 7.76 zone. Turkey’s economic sentiment index fell to 89.50 in November. The lira remains supported by the recent orthodox measures of the CBRT. The Turkish lira extends the bullish momentum in the second half of the week and drags the USD/TRY to new 3-day lows at […]
EUR / SEK declines from daily highs near 10.20
EUR / SEK reversed the recent drop and approached 10.20. So far, a solid support arises in the 10.10 region. The Riksbank kept the policy rate unchanged at 0.00%. The Swedish krona is cutting back some of recent gains and motivates the EUR / SEK to bounce away from recent lows and approach the 10.20 […]
