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Tag: currencies

EUR/USD hangs on to modest recovery gains near 1.0450, lacks continuation

EUR/USD hangs on to modest recovery gains near 1.0450, lacks continuation EUR/USD hangs on to modest recovery gains near 1.0450, lacks continuation

EUR/USD has rebounded from the one-month lows reached this Tuesday. Risk appetite and falling US bond yields weigh on the dollar and offer some support for the pair. Expectations of an aggressive Fed rate hike should act as a tailwind for the dollar and limit the pair’s gains. The pair EUR/USD showed some resistance below […]

USD/MXN jumps to 20.50 as Wall Street plunges

USD/MXN jumps to 20.50 as Wall Street plunges USD/MXN jumps to 20.50 as Wall Street plunges

Risk aversion intensifies in financial markets. Treasuries also lower, US yields at multi-year highs. USD/MXN breaks key resistance levels, tests 20.45/50 zone. The USD/MXN rises sharply on Monday as global markets fall. The pair went from below 20.00 to 20.50, reaching the highest level since May 2nd. It is posting the biggest daily gain in […]

EUR/JPY falls to 10-day lows below 140.00

EUR/JPY falls to 10-day lows below 140.00 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 […]

USD/CAD Price Analysis: Strong move up stops near the 61.8% Fibonacci level, around the 1.2865-70 zone

USD/CAD Price Analysis: Strong move up stops near the 61.8% Fibonacci level, around the 1.2865-70 zone USD/CAD Price Analysis: Strong move up stops near the 61.8% Fibonacci level, around the 1.2865-70 zone

USD/CAD gained traction for the fourth day in a row and rose to a two-week high. The pullback in oil prices undermined the loonie and acted as support amidst a stronger dollar. A sustained move beyond the 61.8% Fibonacci level will set the stage for further short-term gains. The pair USD/CAD it was supported by […]

GBP/USD returns approaching yearly lows around 1.2160

GBP/USD returns approaching yearly lows around 1.2160 GBP/USD returns approaching yearly lows around 1.2160

GBP/USD has seen selling for the fourth day in a row and has again come close to the all-time low. Disappointing UK macro data fueled recession fears and weighed on the British pound. Aggressive bets on the Fed rate hike and the risk-off environment benefited the dollar and contributed to sales. The pair GBP/USD added […]

NZD/USD dips below 0.6300, looks vulnerable amid USD strengthening/risk aversion

NZD/USD dips below 0.6300, looks vulnerable amid USD strengthening/risk aversion NZD/USD dips below 0.6300, looks vulnerable amid USD strengthening/risk aversion

NZD/USD saw some follow-through selling on Monday and fell to a one-month low. The Fed’s aggressive rate hike bets and risk-off mood benefited the safe-haven dollar and put pressure on it. Acceptance below the 0.6300-0.6290 zone would make the pair vulnerable to challenging the year’s low. The pair NZD/USD extended its recent sharp pullback from […]

USD/JPY corrects sharply towards 1340.00, Bank of Japan intervention weighs

USD/JPY corrects sharply towards 1340.00, Bank of Japan intervention weighs USD/JPY corrects sharply towards 1340.00, Bank of Japan intervention weighs

USD/JPY corrects towards 134.00 after verbal intervention from the Bank of Japan. The US dollar and Treasury yields show unrelenting strength on recession fears. All eyes are on the Fed and the Bank of Japan to give the pair a new boost. The USD/JPY turns negative again below 134.50having wiped out all previously recorded gains […]

GBP/USD falls towards 1.2200 to a fresh four-week low

GBP/USD falls towards 1.2200 to a fresh four-week low GBP/USD falls towards 1.2200 to a fresh four-week low

GBP/USD witnesses strong selling for the fourth day in a row and falls to a new multi-week low. Political jitters in the UK, Brexit woes and disappointing macro data from the country are weighing on the British pound. Expectations of an aggressive Fed rate hike and risk-off sentiment benefited the dollar and added to the […]

USD/CAD Hits Two-Week Highs Amid Falling Oil and Sustained Dollar Buying

USD/CAD Hits Two-Week Highs Amid Falling Oil and Sustained Dollar Buying USD/CAD Hits Two-Week Highs Amid Falling Oil and Sustained Dollar Buying

USD/CAD gains some traction for the fourth day in a row on Monday. Pullback in oil prices weighs on the CAD and supports the pair’s upside move amid a stronger USD. Expectations of an aggressive Fed rate hike and risk-off sentiment drive safe-haven demand for the USD. The pair USD/CAD extends last week’s strong recovery […]

EUR/USD extends decline to 3-week low below 1.0500

EUR/USD extends decline to 3-week low below 1.0500 EUR/USD extends decline to 3-week low below 1.0500

EUR/USD witnesses selling for the third day in a row and falls to a three-week low. Expectations of an aggressive Fed rate hike and risk aversion sentiment benefit the dollar and put pressure on the pair. The lack of signs of a 50 basis point ECB rate hike in September weighs on the common currency. […]