USD/JPY gains 0.45% on the week amid an improved market mood. Russian reports said that Vladimir Putin is open to sending a delegation to Minsk for talks with Ukraine. USD/JPY Technical Outlook: Bias to the upside, but a daily close above 115.49 would open the door for a renewed challenge of the yearly high at […]
Tag: Feeling
EUR/USD recovers the 1.1200 level after hitting a yearly high at 1.1106 as the Russian invasion of Ukraine continues
EUR/USD lost 0.81% on the day, amid Russia’s offensive on Ukraine. Conflict issues between Ukraine and Russia dampened the mood of market players. EUR/USD Technical Outlook: Neutral bias to the downside, although a daily close below 1.1200 could exacerbate a move towards 1.1100. The EUR is falling during the American session, although recovering from daily […]
GBP/USD struggles at 1.3600, pulls back to 1.3550 as market mood weakens over Ukraine crisis
Conflicts between Ukraine and Russia, capture the attention of market participants, again. Bank of England members in the UK Parliament’s Treasury Committee opposed the “aggressive” tightening of monetary policy. GBP/USD Technical Outlook: Failure at 1.3600 caused a move towards 1.3500. Sterling’s failure to hold above 1.3600 exacerbated a move towards the 1.3550 area as geopolitical […]
AUD/USD caught between 50-100 DMA as bulls take a breather around 0.7220
The Australian dollar remains at the forefront of the week, rising 0.68%. Despite a mixed mood in the market, the US dollar index does not weigh on the AUD. AUD/USD Technical Outlook: Range bound but close to a bullish breakout if it holds above 0.7200. The Australian dollar remains firm in the North American session […]
NZD/USD rises for sixth straight day trading at 0.6735 ahead of RBNZ policy meeting
The NZD extends its gains on the week, rising as much as 0.62%. On Tuesday, the sell-off in global equities accelerated, while in the currency space, risk-sensitive currencies rose against safe-haven pairs. RBNZ: Money Market futures are priced at 100% chance of a 25bp rise, while the chance of a 50bp rise is 30%. During […]
IFO business climate improves to 98.9 points in February vs. 96.5 forecast
The German IFO business climate index continued to improve in February. IFO notes that the conflict in Ukraine remains a risk factor. The Germany’s general IFO business climate index has improved to 98.9 points in February from 96.00 (reviewed from 95.7) seen in January. This reading was higher than the market expectation of 96.5. Other […]
GBP/USD remains higher around 1.3615 amid rising tensions in Europe
The British pound maintains its daily gains after the positive economic data from the United Kingdom amid the rally in Eastern Europe. The dollar continues to trade weaker despite the appetite for safe haven pairs. GBP/USD Technical Outlook: Neutral-Upside despite 200 DMA residing above the exchange rate. GBP pulls back from daily highs amid rising […]
USD/RUB jumps to 78.80 and gains almost 2% on rising tensions in Eastern Europe
The USD/RUB has gained 6.44% in the last three days. Separatist leaders sought recognition from Russian President Putin, which could undermine talks between Russian and US officials. USD/RUB Technical Outlook: Escalating conflict could fuel a jump to 80.41, followed by 80.95. The USD/RUB It is up 1.54% during the American session, trading at 78.81 at […]
Extend losses to 0.9220, USD bears eye 0.9200 level
USD/CHF is posting losses for the week, down 0.30%. The break of the 0.9220-60 range exacerbated a move below 0.9200, claimed late by the risk-off market mood due to Ukraine/Russia headlines. USD/CHF has a neutral bias to the downside as long as it stays below the 100 and 50 DMA. The USD/CHF it extends its […]
NZD/USD falls below 0.6700 as Russia-Ukraine headlines worsen market mood
NZD/USD falls 0.04% in the American session on Friday. Russia/Ukraine headlines dominate the mood of market participants as uncertainty clouds investors. Williams, the New York Fed, favors a gradual increase in rates to the upside, pushing back the possibility of 50 bps in March. The NZD/USD looks to end the week on a higher note, […]