Foreign exchange

The slightly overbought RSI on the 1 hour chart limits a positive intraday move for the USD / CAD. The setup favors the bulls and supports the prospects for a further move to the intraday move. A sustained break out…
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The yen weakened even despite a worse mood in the markets. USD / JPY returns above 103.50 against a stronger dollar. He USD / JPY extended the bullish run and remains in positive territory despite the decline in equity…
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The DXY is volatilely trading above 90.00 so far on Friday. Below 90.00 the low of this year emerges at 89.20. The US Dollar Index (DXY) alternates between gains and losses, always above the key level of 90.00 for the…
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EUR / USD adds to recent gains and hits 1.2190. Then on the upside, the 2021 peaks appear around 1.2350. EUR / USD extends the bounce to near 1.2200, where bullish momentum eased a bit on Friday. The upside wavered…
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AUD / USD is under pressure from a strengthening dollar. Fall in the stock markets in the world drive the demand for safe haven assets. AUD / USD continued to lose ground in the pre-US session and fell to 0.7701,…
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Signs of a prolonged lockdown in the UK trigger some selling around GBP / USD. Disappointing UK Retail Sales and PMI releases weigh further on GBP. A pullback in the stock markets benefits the safe-haven USD and adds…
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EUR / JPY extends higher to the 126.30 zone on Friday. The 2021 highs in the 127.50 zone are as follows. The EUR / JPY extends Thursday's bullish run and seeks to consolidate the break of the 126.00 hurdle. If buying…
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So far this year, the pound has gained ground against the US dollar and the euro. Rabobank economists forecast that EUR / GBP will be around the 0.89 / 0.88 zone in the coming months, while a return to the 0.87 level…
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Steep rise in USD / CAD, which turns into positive territory for the week. Fall in stocks benefits the dollar as a refuge. He USD / CAD extended the rise and climbed to 1.2711, the highest level in two days, rising 125…
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A combination of factors helps EUR / GBP make a positive bounce from multi-month lows. A possible extension of the lockdowns in Britain and UK macroeconomic data weigh on the British pound. The optimistic ECB and the…
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