EUR / JPY accelerates the decline below the 123.00 level. Lower down is the 200-day SMA near 121.10. Selling momentum on the EUR / JPY cross has accelerated, with the cross breaking below key support at the round level of 123.00 and simultaneously reaching new multi-day lows. The continuation of the current move lower opens […]
Tag: Crosses
USD / TRY retraces from all-time highs above 8.30
USD / TRY remains well offered above 8.00. Geopolitical and monetary concerns continue to weigh on the lira. Turkey’s economic confidence improved to 92.80 in October. The fall of the lira remains unstoppable for another session and pushes the USD/TRY to new all-time highs above 8.30 on Wednesday. USD / TRY looks at geopolitics USD […]
EUR / JPY extends slide to new daily lows below 123.50
EUR / JPY fell for the second day in a row on Tuesday. The market’s cautious attitude helps the JPY to stay strong against its rivals. The growing number of coronavirus cases in Europe could continue to affect the EUR. The pair EUR/JPY It lost nearly 50 pips on Monday and continued to push lower […]
USD / TRY hits new all-time highs around 8.20
USD / TRY rises and spikes around 8.20. TRY weakens due to geopolitical concerns, balance of payments crisis. A Turkish court sentences an American worker to 5 years in prison. The selling pressure around the Turkish lira increases minute by minute and raises the USD/TRY to new all-time highs around 8.20 on Tuesday. USD / […]
USD / TRY hits new all-time highs near 8.10
The Turkish lira is down widely against the dollar. Geopolitical nerves continue to put additional pressure on Ankara. Widespread disappointment over the recent CBRT decision weighs heavily on TRY. The Turkish lira falls to new lows against the dollar and pushes the USD/TRY to new all-time highs near 8.10 at the beginning of the week. […]
An extension of the range seems likely
EUR / JPY extends swing activity around 124.00. Immediately to the upside, the obstacle of 125.00 arises. EUR / JPY remains sideways between the 100-day and 55-day SMAs at 123.50 and 124.65, respectively, for the time being. More consolidations are likely amid a broad-based cautious stance in world markets. A move below the 100-day SMA […]
100-day SMA near 123.50 offers support
The EUR / JPY slide finds support near 123.50 so far. Immediately to the upside is the hurdle at 125.00. The EUR / JPY’s corrective slide, from Monday’s highs around 125,000, finds decent support around the 100-day SMA at the 123.50 zone. If sellers continue to push down, then the monthly lows near the 123.00 […]
EUR / JPY cuts losses after falling to 123.65
Euro falls again against the yen, shows signs of stabilization after the start of the American session. EUR / JPY continues to approach important support. EUR / JPY is falling for the second day in a row, although it has managed to cut losses in the last hours, after the start of the American session. […]
EUR / GBP clings to modest recovery gains just below 0.9050
EUR / GBP continues to attract some lower level buying, above the 0.9000 key psychological level. GBP bulls refrain from opening aggressive positions, which offers some support to the pair. A softer tone around the common currency limits strong gains, at least for now. The crossing EUR/GBP has moved higher in the first half of […]
EUR / JPY reverses gains and is trading near 124.00
EUR / JPY bullish momentum lost momentum at the 125.00 zone. Rumors of increased US stimulus hurt the dollar. The markets’ attention remains on the advance of the COVID-19 pandemic. The renewed demand for the safe haven yen forces the EUR/JPY to leave the area of ​​recent highs at 125.00 on Wednesday. EUR / JPY […]
