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Tag: currencies

EUR/USD pressured to fresh lows below 0.9900

EUR/USD pressured to fresh lows below 0.9900 EUR/USD pressured to fresh lows below 0.9900

EUR/USD falls below 0.9900 and marks new cycle lows. Germany’s final services PMI stood at 47.7 in August. US markets will remain closed due to the Labor Day holiday. The sellers returned to the European currency and dragged EUR/USD to new lows in the 0.9880/75 region for the first time since December 2002 during the […]

Forex Today: Dollar builds on last week’s gains

Forex Today: Dollar builds on last week’s gains Forex Today: Dollar builds on last week’s gains

This is what you need to know to trade today monday september 5: The US dollar index DXY maintains its upward momentum after gaining 0.7% last week and has reached its highest level in two decades above 110.00 early on Monday. Market caution helps the dollar continue to outperform its rivals as investors wait investor […]

GBP/USD: Bets rise for a drop below 1.1415 – UOB

GBP/USD: Bets rise for a drop below 1.1415 – UOB GBP/USD: Bets rise for a drop below 1.1415 – UOB

According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, GBP/USD could return below the 1.1415 area In the next weeks. Featured Comments 24 hour view: “Last Friday, we expected GBP/USD to weaken, but were of the opinion that it “might not be able to hold below 1.1500″. Our view did not […]

EUR/USD is at risk of further decline once it breaks the 0.9900 level – UOB

EUR/USD is at risk of further decline once it breaks the 0.9900 level – UOB EUR/USD is at risk of further decline once it breaks the 0.9900 level – UOB

UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest that EUR/USD could accelerate losses if it closes below 0.9900. Featured Comments 24 hour view: “EUR/USD rose to a high of 1.0033 during the New York session before falling sharply to as low as 0.9941. EUR/USD opened on a weak tone in Asia […]

USD/TRY remains offered and close to the all-time high around 18.25

USD/TRY remains offered and close to the all-time high around 18.25 USD/TRY remains offered and close to the all-time high around 18.25

USD/TRY is under pressure after flirting with 18.25. The downward trend of the Turkish currency continues. Monday’s CPI will be published below. The Turkish lira has hit record lows against the dollar after the USD/TRY briefly exceed 18.25 in Friday’s session. USD/TRY could continue to rise and retest 20.00…soon USD/TRY maintains buying interest for the […]

USD/MXN Price Analysis: Sharp drop after failing to break 20.25

USD/MXN Price Analysis: Sharp drop after failing to break 20.25 USD/MXN Price Analysis: Sharp drop after failing to break 20.25

USD/MXN fails to break the critical resistance at 20.25. Below 20.00, the next strong support is found at 19.80. The USD/MXN is falling sharply on Friday, amid a broad decline in the US dollar. The pair’s decline comes after failing to break a key resistance zone around 20.25. For now, USD/MXN has bottomed out at […]

USD/JPY pulls back from multi-decade highs after NFPs

USD/JPY pulls back from multi-decade highs after NFPs USD/JPY pulls back from multi-decade highs after NFPs

US economy adds 315,000 jobs in August, unemployment rate rises to 3.7%. USD/JPY pulls back on dollar weakness after NFPs. The yen remains under pressure, now due to risk appetite. The USD/JPY it is falling modestly on Friday, having previously reached 140.79, the highest level since 1998. The weakness of the dollar in general weighed […]

USD/CAD approaches 1.3100, downside potential seems limited

USD/CAD approaches 1.3100, downside potential seems limited USD/CAD approaches 1.3100, downside potential seems limited

USD/CAD pulls back further from a multi-week high and is under pressure from a combination of factors. The rally in crude prices underpins the loonie and sparks some selling amid a weaker dollar. USD intraday selling accelerates after the release of monthly US employment data, which delivered mixed results. Aggressive Fed expectations and recession fears […]

EUR/USD Price Analysis: Range expected to hold in the short term

EUR/USD Price Analysis: Range expected to hold in the short term EUR/USD Price Analysis: Range expected to hold in the short term

EUR/USD regains composure and breaks above parity level. Further consolidation seems favored at the moment. The EUR/USD fades part of Thursday’s strong selloff and manages to recover area above key parity level by week’s end. Further consolidation seems the most likely scenario in EUR/USD at least in the short term, always within the 1.0100-0.9900 range […]

GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable

GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable

GBP/USD extends its range-bound price action on the release of monthly US employment data. The dollar fell in reaction to an unexpected rise in the US unemployment rate and softer wage growth. Markets continue to expect a 75 basis point Fed rate hike in September, limiting the USD’s decline. The gloomy outlook for the UK […]