Emerging market currencies continue to have a difficult outlook due to general caution. Fears about a global recession and interest rate hikes continue to leave the outlook cloudy. USD/MXN remains above 20.25, with resistance at 20.45. USD/MXN is trading flat on Monday around 20.25/30, maintaining a short-term bullish bias, after last week’s strong rally. The […]
Tag: Foreign exchange
EUR/USD hits daily highs above 1.0460 on dollar weakness
The dollar falls moderately at the start of the week. No activity in the US due to a holiday. EUR/USD is bullish intraday, but still faces an overall downtrend. A weak dollar is boosting EUR/USD on Monday, in a low volume session due to the US holiday. The pair is trading at the daily highs […]
USD/CAD falls to six-day lows below 1.2850
Dollar Loses Ground Across Market, DXY Down 0.27%. Markets will be closed in the US, in Canada the BoC survey is published. USD/CAD approaches last week’s low. USD/CAD is falling at the start of the week, breaking important short-term support. The declines are fueled by broad dollar weakness. The pair trades below 1.2840, at a […]
AUD/USD falls to two-year lows below 0.6800
The dollar is helped by the general mood of caution in the markets. Australian dollar does not get relief either due to expectations of a rise in the RBA, nor due to Chinese data. AUD/USD breaks key support at the 0.6850 area and then 0.6800. The AUD/USD is tumbling down on Friday and is down […]
EUR/USD continues downhill and makes lows below 1.0400
The dollar remains firm in a cautious context. Inflation in the Eurozone marks a new record in June. EUR/USD low of the year exposed again. The EUR/USD recovery is behind us and is under pressure again. The pair is trading at daily lows at 1.0397, with a bearish tone, in a context of a general […]
GBP/USD continues to slide and hits a two-week low below 1.2050
The pound falls sharply against the dollar and the euro. The cautious climate in the markets keeps the dollar firm, despite the drop in Treasury bond yields. GBP/USD eyeing 1.2000 again. After Thursday’s bounce, GBP/USD resumed the downside and broke firmly below 1.2100. The pair is trading just below 1.2050, at two-week lows. GBP/USD is […]
EUR/USD trims losses from fresh 2-week low at 1.0380
EUR/USD trims losses after US data The dollar loses strength, but remains firm in a context of risk aversion. US and European bond yields continue to decline. EUR/USD is paring losses after falling to a fresh two-week low at 1.0380. The pair is trading at 1.0415, trying to break away from the floor, but still […]
EUR/USD extends the decline and approaches 1.0400
Euro weakened as German bonds soar. The dollar firm in a context of risk aversion. EUR/USD is targeting 1.0400 and starting to look at the low for the year. EUR/USD is falling for the third day in a row on Thursday and is approaching 1.0400. The dollar remains firm in a context of risk aversion, […]
USD/MXN Price Analysis: Testing the 100-day SMA
USD/MXN rises for the third consecutive day amid global growth concerns. Rally faces strong resistance near 20.20, reinforced by the 100-day SMA. Next upside target at 20.45. Emerging market currencies are under pressure, affected by higher interest rates. The Mexican peso was among the top performers last week, after Banxico’s 75 bps rate hike. The […]
USD/JPY remains at weekly highs around 136.50 after US data.
GDP in the first quarter contracted to 1.6%. The dollar remains firm, while the yen falls, despite risk aversion. USD/JPY very close to the maximum in decades of last week. Following the US growth data, USD/JPY remained trading around 136.50, in the area of ​​one-week highs. The yen shows weakness on Wednesday despite the decline […]
