USD/TRY resumes gains and approaches 18.00. Renewed buying interest in the dollar lifts the pair. Investors’ attention shifts to the July CPI release on Wednesday. the turkish lira resumes its depreciation and raises the USD/TRY to new 2022 highs, approaching the 6:00 p.m. barrier on Tuesday. USD/TRY is now pending the results of the IPC […]
Tag: Crosses
EUR/JPY Price Analysis: Negative Outlook Below 200-Day Average
EUR/JPY continues to fall and challenges the key 200-day moving average. Below the latter, the cross could risk a deeper pullback. EUR/JPY extends bearish move below 134.00 on Tuesday. Meanwhile, price action on the cross remains entrenched in negative territory, losing ground for the fourth session in a row so far. A break below the […]
USD/TRY flirts with 2022 highs just below 18.00
USD/TRY gains more traction and approaches 18.00. Türkiye’s manufacturing PMI stood at 46.90 in July. The next thing to highlight on the calendar will be the inflation figures. the turkish lira starts the week off on the wrong foot and motivates the USD/TRY to resume the rises and trades around 18.00 on Monday. USD/TRY taking […]
EUR/JPY Price Analysis: Possibility of more losses in the short term
EUR/JPY falls for the third consecutive session on Monday. There are minor support levels at 134.98 and 133.92. EUR/JPY starts the week on the defensive and approaches the key 135.00 zone, three-month lows. The cross entered the third consecutive week with losses and remains vulnerable to further decline in the short term. A deeper pullback […]
USD/TRY Hits a New 2022 High Near 18.00… Over and Over
USD/TRY is trading near 18.00. The lira depreciates to levels last seen in December 2021. Türkiye’s trade deficit narrowed to 8.17B TL in June. Additional selling pressure around the Turkish lira encourages the USD/TRY to approach 18.00 on Friday, registering at the same time new highs of the cycle. USD/TRY is now focused on inflation […]
EUR/JPY Price Analysis: Door open for a challenge to the 200-day moving average
EUR/JPY extends the decline for the second consecutive session. The next downside zone emerges at the 200-day SMA at 133.66. EUR/JPY accelerates the weekly pullback and has already tested fresh 2-month lows in the 135.50 area, where some initial containment seems to have emerged. The cross remains under pressure and is vulnerable to further decline […]
EUR/JPY Price Analysis: Further losses below 136.85 likely
EUR/JPY accelerates decline below 138.00 on Thursday. Immediately to the downside now comes the July low at 136.85. EUR/JPY quickly pulls back to 2-week lows well below 138.00 on Thursday. The cross remains under pressure and is vulnerable to further decline while below the weekly high of 142.32 (July 21). Against this, the next support […]
EUR/GBP Price Analysis: Breaking from weekly highs and trading below the 200-day EMA
EUR/GBP lost more than 1% on the week. US equities continue to rise, but sentiment will turn cautious on the FOMC decision. EUR/GBP Price Analysis: In the long and short term, it has moved lower. The EUR/GBP falls for four days in a row and on its way south breaks below the 100 and 200 […]
USD/TRY rises to fresh 2022 highs near 18.00
The USD/TRY pair continues to gain ground on the upside and is approaching 18.00. The pair is trading at levels last seen in December 2021. The FOMC is expected to raise rates by 75 basis points later on Wednesday. the turkish lira stays defensive and makes the USD/TRY hit new all-time highs around 18.00 on […]
GBP/JPY Price Analysis: Weakened around 164.40, above the 20-day EMA
GBP/JPY loses 0.06% in a swing session. Sentiment remains negative, limiting GBP/JPY gains. The GBP/JPY falls and trims Monday’s earnings on bearish sentiment in financial markets, prompted by US Walmart blaming inflation as the main reason for lowering its earnings forecast. Meanwhile, Russia has cut gas flows through Nord Stream 1, and EU countries have […]
