EUR/JPY recovers the rise and exceeds 143.50. The break of the 2022 highs should allow more upside. EUR/JPY leaves behind the recent pullback and advances after returning above 143.00, approaching 144.00. The bullish bias on the cross remains firm for now. That said, breaking through this year’s high of 144.27 (June 28) is expected to […]
Tag: Foreign exchange
EUR/USD approaches 1.0500 after failing to ride above 1.0600
The dollar gains momentum after the opening of Wall Street. The euro extends decline against the Swiss franc and erases gains against the pound. EUR/USD next support at the 1.0510 area. EUR/USD extended the pullback after failing to hold above 1.0600 and fell as low as 1.0515, hitting the lowest level in two days. The […]
USD/MXN rises for the second day and reaches 20.00
The Mexican peso continues to retreat from two-week highs. Rise in Treasury bond yields put pressure on emerging markets. USD/MXN bounces from 19.80, finds resistance at 20.00 area. USD/MXN is rising for the second day in a row, extending the rebound from the 19.80 area, the lowest level in two and a half weeks. The […]
USD/JPY accelerates and exceeds 136.00 on rising yields
Yen weakness pushes USD/JPY closer to decades high. Rise in yields and stocks keep the Japanese currency on the ropes. Dollar index up 0.10%, back above 104.00. USD/JPY is accelerating the advance and climbed above 136.00 fueled by rising yields across the world. In addition, an advance in the equity markets contributes. The pair rises […]
EUR/USD still unable to assert itself above 1.0600
EUR/USD reached a daily high at 1.0606 and then pulled back. Pair remains sideways after two days of gains. The dollar with mixed results, treasury bond yields at maximum in days. The EUR/USD marked a daily high at 1.0606, below Monday’s peak, but once failed to assert itself above 1.0600 and pulled back to the […]
USD/MXN rises for the first time in six days, still below 20.00
The Mexican peso remains among the best performers in the last seven days. USD/MXN corrects higher from two-week lows. Wall Street is trading negative after a sharp rise last week. USD/MXN is rising on Monday, correcting higher after several days of declines. In turn, optimism on Wall Street is once again giving way to caution, […]
USD/JPY fails to assert itself above 135.50 and returns to 135.00
USA: Durable goods orders rise in May above expectations. Dollar with mixed results on Monday, between yields and sentiment. USD/JPY with a bullish bias, limited by the 135.50 area. The USD/JPY is rising on the unes although it has trimmed gains in the last hour on deteriorating market sentiment. The pair was unable to assert […]
EUR/GBP returns back above 0.8600, upside risks remain
The euro gains momentum before rising European bond yields. The pound loses strength and becomes one of the weakest in recent hours. EUR/GBP back above 0.8600, after finding support at the 20-day moving average. EUR/GBP is trading at highs since Thursday at 0.8625, rising for the second day in a row. Once again it is […]
USD/CAD falls to 11-day lows, market optimism continues
Canadian dollar rises modestly on Monday, validating last week’s rally. Equity markets continue to rise after a great day on Friday. USD/CAD with bearish bias, testing support zone around 1.2860. The USD/CAD is trading slightly lower on Monday and maintains a bearish bias in the very short term. The better mood in the equity markets […]
EUR/USD at three-day highs near 1.0600
The euro gains momentum, European bond yields rise. The dollar with mixed results. EUR/USD above the 20-day moving average for the first time in three weeks. The EUR/USD is rising for the second day in a row and is again approaching 1.0600, on a calm start to the week. The dollar presents mixed results and […]
