Pound weakens further after UK data. The euro and Swiss franc rallied against the dollar on Tuesday. EUR/GBP could have the highest daily close in a year. EUR/GBP returned above 0.8600 and jumped to the 0.8650 area where it is trading at levels last seen in September 2021. A confirmation of these prices would leave […]
Tag: Crosses
EUR/JPY falls to 10-day lows below 140.00
Euro under pressure, yen soars on risk aversion. The Dow Jones plunges 2.60% and US yields hit multi-year highs. EUR/JPY drops almost 500 pips in three days. The fall of EUR/JPY from multi-year highs it accelerated on Monday and fell below 140.00. From the highs of last week, it has dropped 500 pips Pullback points […]
EUR/GBP rises to test critical resistance around 0.8600
The pound weakened after UK growth data. The euro buoyed by European bond yields. EUR/GBP bullish but capped as long as it remains below 0.8600, EUR/GBP climbed to 0.8592, reaching the highest level since May 12, against a backdrop of negative data from the UK, rising yields in Europe and high risk aversion. The cross […]
EUR/GBP reverses its decline after the ECB and remains with modest gains around 0.8500
EUR/GBP saw some selling after the ECB announced its monetary policy decision. Indications of a 25 basis point rate hike in July disappointed some investors and weighed on the euro. Traders seemed reluctant to place aggressive bets ahead of the post-meeting press release. The crossing EUR/GBP quickly reversed an intraday drop to the 0.8530 area […]
EUR/GBP maintains gains near 0.8550, focus on ECB decision for fresh momentum
A combination of factors help EUR/GBP attract buying for the second day in a row on Thursday. Political turmoil in the UK weighs on sterling and offers some support amid ECB rate hike expectations. The focus remains on the ECB’s decision and Lagarde’s comments at the post-meeting press conference. The crossing EUR/GBP has attracted some […]
EUR/GBP jumps above 0.8550 on stronger Euro ahead of ECB
Euro rises across the board as Eurozone yields move higher. Thursday’s ECB meeting may trigger volatility. EUR/GBP is moving sideways, with no clear direction. The EUR/GBP rises on Wednesday, thanks to a stronger euro across the board. The cross rose from below 0.8500 and reached a high of 0.8563. It then reversed and found support […]
EUR/JPY soars past 144.00 for the first time since January 2015
EUR/JPY hits intraday high since December 2014. The yen collapses on rise in treasury bond yields. The euro favored before expectations for the ECB meeting. On day ten of the EUR/JPY rally, the cross instead of pausing accelerated the rally. The euro rises more than 200 pips on Wednesday and reached 144.21, the highest intraday […]
EUR/JPY Price Analysis: Steady near 7-year highs hovering around 141.80
The shared coin is up 1.17% on the week. Market traders’ sentiment turned positive, although it could fluctuate at any time. The EUR/JPY is rising to 7-year highs, to a level last seen in January 2015, around 142.06, although Euro bulls are taking a breather as EUR/JPY remains positive below 142.00. At 141.88, EUR/JPY reflects […]
USD/TRY picks up the pace and trades fresh 2022 highs near 16.80
USD/TRY at new 2022 highs near 16.80. The strong recovery of the dollar pushes the pair higher. The results of the cash balance of the Turkish Treasury come later. The strong tone across the board in the USD motivates the USD/TRY to continue advancing and mark new highs of 2022 in the vicinity of 16.80 […]
AUD/JPY Price Analysis: Update two-month highs near 94.40 on risk appetite sentiment and yen weakness
AUD/JPY extends its weekly gain, rising 3.71%. Sentiment improved on the session, despite the economic backdrop, with investors fearing a potential global economic downturn and food crisis. AUD/JPY Price Forecast: Consolidating in 94.00-40 range before pushing year high above 95.00. The AUD/JPY It is advancing strongly after hitting a daily low below 93.00, rising to […]
