USD / TRY didn’t hit an all-time high today … for now. Investors are keeping an eye on the results of the US elections. The Turkish central bank remains at the center of the debate. The lyre it manages to dodge another all-time low against the dollar, and that’s news Wednesday. In fact, the USD/TRY […]
Tag: Crosses
USD / TRY breaks above 8.50 and hits new all-time highs
USD / TRY rises to new all-time highs around the 8.53 level. All attention is on the US presidential elections. Turkey’s CPI rose 2.13% month-on-month and 11.89% year-on-year. The Turkish lira remains in free fall and raises the USD/TRY to new all-time highs near 8.53 on Tuesday. USD / TRY looks at US elections USD […]
The bounce could extend to 123.60
EUR / JPY bounces off multi-week lows near 121.60. Higher up it is at the 100-day SMA around 123.60. EUR / JPY regains bullish pressure and advances sharply above the key barrier at 122.00 amid widespread sentiment of risk appetite in global markets. The continuation of this uptrend should hit the initial hurdle at the […]
EUR / JPY jumps above 122.50 driven by rally in stocks
EUR / JPY rebounds strongly after falling to three-month lows last week. Rise in stocks and optimism weaken the dollar and the yen. The EUR / JPY accelerated the bullish trend in the last hours before a rally of the EUR / USD and a weakening of the yen throughout the market due to a […]
USD / TRY pushes higher and nears 8.45, focus is on US elections
USD / TRY navigates new all-time highs near 8.45. Geopolitical and CBRT concerns continue to weigh on the lira. The focus is on Tuesday’s US presidential election. The Turkish lira depreciates to new record lows against the US dollar and rises to USD/TRY around 8.45 at the beginning of the week. USD / TRY looks […]
USD / TRY firm, approaching 8.40 level
USD / TRY is moving higher and is trading near 8.40. A 7.1 magnitude earthquake struck Turkey’s Izmir province and parts of Greece. The lira depreciated to another record low against the dollar on Friday. Another day, another fall in the Turkish currency. In fact, another daily collapse of the lira sends the USD/TRY to […]
EUR / JPY volatile, turns positive above 122.00
EUR / JPY falls to the 121.60 area, where decent support emerges. Lingering risk aversion, the moderate ECB weighs on the crossover. EMU and Germany’s Q3 GDP figures surprised to the upside. The dominant sentiment of risk aversion in global markets continues to fuel the downward momentum of the EUR/JPY, this time to new 3-month […]
EUR / GBP bankrupt below 0.9000 and falls to lows in one month
The pound strengthens against the euro at the end of the month. EUR / GBP breaks key support, increasing negative tone. The EUR / GBP is falling for the fourth day of the last five days with the particularity of having broken the previous lows of the month. The price fell below 0.9000 to 0.8985, […]
USD / TRY hits another all-time high and looks at 8.40
USD / TRY extends the march north to levels beyond 8.32. Pandemic fears, geopolitics, monetary policy, all against the TRY. The bullish momentum of the dollar is also reinforcing the bullish movement. He USD/TRY it hits another all-time high on Thursday, this time at levels just below 8.33. USD / TRY weaker due to geopolitics, […]
EUR / JPY falls to new lows since July below 122.00 before the ECB
The downward pressure on the EUR / JPY intensifies, falling for the fourth day in a row. Loaded calendar: ECB decision and growth data and unemployment benefits in the US are coming. A generalized rise in the yen and the dollar throughout the market is pushing the EUR / JPY down, in a context where […]
