The Swiss franc is gaining momentum in the last few hours. EUR/CHF in historical low zone. Inflation rate differential between Switzerland and the Eurozone favors the franc. EUR/CHF broke below 0.9700 and fell to 0.9668, marking a record low. The pair remains under pressure and with no signs of recovery at the moment. The EUR/CHF […]
Tag: Crosses
EUR/JPY Price Analysis: More gains expected once the 138.40 level is broken
EUR/JPY adds to Thursday’s bounce and approaches 138.00. Further gains seem likely if it closes above the 138.40 area. The EUR/JPY it bounces further in the second half of the week and looks to retake the 138.00 barrier and higher in the short term. The continuation of the bullish momentum is expected to find a […]
USD/TRY remains limited in a range just below 18.00
USD/TRY remains sideways trading below 18.00. Turkey’s current account deficit stood at $3.46 billion in June. US producer prices contracted 0.5% mom in July. The USD/TRY reverses two consecutive daily pullbacks and retakes gains near 17.96 on Thursday. USD/TRY remains just below 18.00 The bulls continue to push but so far there seems to be […]
EUR/GBP jumps to two-week highs, holds comfortably above 0.8450
EUR/GBP regains positive traction on Thursday and is back close to the overnight high. The gloomy outlook for the Bank of England is seen as a key factor in the sterling’s underperformance. The weakness of the dollar after the US CPI benefits the euro and continues to support the intraday move higher. The crossing EUR/GBP […]
EUR/JPY Price Analysis: Intermediate Peak Near 138.40?
EUR/JPY attempts a slight rebound after Wednesday’s drop. The August high at 138.39 caps the upside for now. EUR/JPY rebounds from weekly lows in the 136-60/50 band and recovers some ground lost in Wednesday’s sharp pullback. For now, the August recovery seems to have met some initial resistance at the 138.40 area (Aug 10). If […]
EUR/JPY Price Analysis: Sinking sharply below 137.00 as risk appetite improves
The EUR/JPY daily chart forms a bearish candlestick pattern with bearish implications. In the short term, the EUR/JPY could provide momentum before extending the downtrend. The EUR/JPY slumped on Wednesday as risk momentum spurred on by lower US inflation data, dispelling the Federal Reserve’s need for aggressive tightening. The reaction was that the US 10-year […]
USD/TRY remains trapped inside the range near 18.00
USD/TRY keeps trading erratic just below 18.00. Turkey’s unemployment rate fell to 10.3% in June. The US CPI is the next thing to watch on the agenda. The Turkish lira loses some ground and motivates the USD/TRY to resume increases on Wednesday, always in the midst of the consolidated theme that prevails in several sessions. […]
EUR/JPY Price Analysis: The next level on the upside is the 55-day moving average
EUR/JPY continues to rise and is trading around 138.00. Further rallies would test the 55-day moving average around 139.60. EUR/JPY continues the uptrend for one more session and hovers around the 138.00 area. Considering the ongoing price action, it seems likely that the cross will continue to rise for the time being. That said, the […]
GBP/JPY Price Analysis: Dips below the 20 DMA as sellers eye the 100 DMA
GBP/JPY is trading around known levels, above 163.00. From a long-term perspective, the cross has a neutral bias, awaiting a catalyst. The GBP/JPY hourly chart has a neutral bias, but is leaning lower as sellers gain momentum, as shown by the RSI. The GBP/JPY falters during the North American session in the middle of a […]
USD/TRY prepares to take the 18.00 level… again
USD/TRY adds to Monday’s gains near the 18.00 mark. The lira is down more than 25% so far this year. Türkiye’s unemployment rate will be next on the agenda. the turkish lira depreciates for the second consecutive session and encourages the USD/TRY to flirt with the key barrier of 18.00 on Tuesday. USD/TRY remains centered […]
