The euro under pressure due to the gas crisis and the economic outlook. EUR/GBP falls again to test the 200-day moving average. The EUR/GBP is falling sharply on Tuesday and is racking up three consecutive lows. It is trading around 0.8441, the lowest in almost two weeks. The sharp pullback came from levels near 0.8600, […]
Tag: Crosses
GBP/JPY Price Analysis: Double bottom on the hourly chart pushes the pair above 164.70
GBP/JPY rallies 200 pips and hits a daily high of 165.08. Sterling was buoyed by market sentiment, despite US data reigniting recession fears. GBP/JPY remains range bound after hitting a double bottom target at 164.50. The GBP/JPY erases last Friday’s losses and gains close to 1% on Monday, amid a better market mood, with US […]
USD/TRY extends the uptrend and makes new 2022 highs, breaks above the 17.80 level
USD/TRY starts the week in the positive and is approaching 18.00. Lack of investor confidence and rampant inflation are weighing on the lira. Türkiye’s capacity utilization improved to 78.2% in July. Selling pressure continues to hurt the Turkish lira and raises the USD/TRY to new 2022 highs around 17/85, an area last visited in December […]
EUR/JPY Price Analysis: Still under pressure below 141.50
EUR/JPY reverses three daily pullbacks and approaches 140.00. The four-month resistance line around the 141.50 area caps the upside. EUR/JPY manages to recover somewhat for now and flirts with the 140.00 area after three losing daily sessions. As long as it is below the four-month resistance line near 141.50, losses should continue and another drop […]
EUR/JPY Price Analysis: Facing strong resistance around 140.00 and crashing below 139.00
The EUR/JPY pair ends the week in the negative, down 0.48%, as the yen shows signs of strength. The deteriorating market mood increases the appetite for haven assets. EUR/JPY Price Analysis: Short-term has a bearish bias, with eyes on a drop below 137.00. The EUR/JPY slumps from weekly highs hit Thursday at 142.32, down over […]
EUR/JPY Price Analysis: Short-term losses remain
EUR/JPY adds to weekly bearish leg and approaches 139.00. Below the 4-month resistance line a further decline seems likely. The EUR/JPY pulls back for the third session in a row and flirts with the 55-day SMA near 139.20 at the end of the week. Although the 4-month resistance line is still capping the upside around […]
EUR/JPY suffers a great volatility of 150 pips after the ECB
EUR/JPY trades wildly as Lagarde fails to impress. The ECB raises interest rates by 50 basis points and announces a new anti-fragmentation tool. The Bank of Japan maintains its ultra-loose monetary policy stance. The EUR/JPY looks to stabilize around 141.00 after strong volatility of 150 pips in the last hour, thanks to ECB policy announcements. […]
EUR/GBP rebounds to more than two-week highs after ECB raises interest rates by 50 bps
EUR/GBP gained strong positive traction and soared past a two-week high on Thursday. The ECB raised interest rates by 50 basis points and provided a nice boost to the shared currency. Investors are now waiting for ECB President Lagarde’s press conference for a significant boost. The common currency strengthened across the board after the European […]
EUR/JPY Price Analysis: Struggle around 142.00, stalls below 140.50
The failure of EUR/JPY buyers at weekly highs left the Euro vulnerable to selling pressure. Sentiment shifted to slight risk following the Google news, and Italy’s government is about to collapse. EUR/JPY Price Analysis: Sellers have regained control around 142.00; if the ECB fails to deliver, a further drop below 140.00 is expected. The EUR/JPY […]
EUR/GBP remains in a range above 0.8500, with various sources including the ECB
EUR/GBP consolidates in the area of ​​highs in days, but without extending advance. Inflation in the United Kingdom sets new highs. The ECB is coming on Thursday. The EUR/GBP is trading range-bound and stable despite a host of ongoing events centered in Europe. The cross reached as high as 0.8540, the highest since July 7, […]
