EUR/USD keeps erratic activity in place this week. The 1.0670/80 band continues to cap the upside so far. EUR/USD resumes bullish bias beyond 1.0500 after Thursday’s moderate pullback. So far, and as long as the 4-month line at the 1.0670/80 band limits the uptrend, further pullbacks in the pair should remain on the cards in […]
Tag: Foreign exchange
USD/MXN accelerates fall below 20.00 after Banxico rate hike
Banxico raises rates by 75 basis points, more of that magnitude could come. Activity index accelerates in April in Mexico. Rise in stocks and decline in US yields weaken the dollar. The Mexican peso is among the currencies that have risen the most in recent sessions, given a recovery in the equity markets and after […]
DXY Price Analysis: Consolidation Extension Looks Likely
DXY extends consolidation phase above 104.00. Output of current state, would expose 103.40. The US Dollar Index (DXY) fades Thursday’s advance and trades with modest losses at the end of the week, still within the dominance of sideways above 104.00. Ideally, the index should break above the weekly high near 105.00 (June 22) in the […]
EUR/JPY Price Analysis: Risks remain tilted to the upside
EUR/JPY bounces back after two consecutive daily pullbacks. The next level to the upside comes the 2022 peak beyond 144.00. EUR/JPY recovers 142.00 and beyond on Friday while leaving behind two consecutive losing sessions. The bullish bias in the cross remains strong and the continuation of the rally could lead to a visit to the […]
EUR/USD hits daily highs above 1.0550
Day of calm and limited tours in foreign exchange. EUR/USD advances supported by the weakness of the dollar. Equity markets rise again. The EUR/USD is moving calmly and in an uptrend on Friday, on a day of limited rallies at the moment. The pair recently climbed to 1.0554, marking a new daily high. The weakness […]
USD/MXN rises modestly ahead of Banxico, remains above 20.00
USD/MXN maintains a short-term bearish bias. Bank of Mexico would raise the rate by 75 basis points. Climate of caution prevails in the financial markets. USD/MXN is marginally higher on Thursday, after giving back much of the gains. The pair is trading around 20.05, after rising as high as 20.13. Mexican peso remains firm and […]
EUR/USD weakened after Eurozone data, falls to 1.0480
The euro weakened after activity data from the Eurozone. The dollar continues to be supported by a cautious climate in the markets. EUR/USD remains sideways in the very short term, in the familiar range. EUR/USD started Thursday near 1.0600 and after trading for hours between 1.0580 and 1.0555, it broke lower and fell back to […]
EUR/USD hits highs above 1.0550 after Powell comments
The dollar extends the decline throughout the market. Powell: Rate hikes aren’t going to bring down gas or food prices. EUR/USD is approaching major short-term resistance. The EUR/USD extended the advance after the first comments of Jerome Powell, the president of the Federal Reserve in the presentation of the weekly monetary policy report. The pair […]
EUR/USD trims losses and breaks above 1.0530 ahead of Powell
The dollar loses strength against the main European currencies. EUR/USD bounces on dollar weakness. The EUR/USD is recovering and is trading at the 1.0530 zone, at the highest since the Asian session. The dollar lost ground due to a significant drop in Treasury bond yields due to a fall in the markets and pending Powell’s […]
EUR/JPY Price Analysis: Immediate resistance appears around 144.00
EUR/JPY fails once again to break above the 144.00 zone on Wednesday. Gains are likely to accelerate on a break of the 2022 high at 144.25. EUR/JPY trades defensively on Wednesday for the first time after three consecutive daily gains. Despite the corrective move, the cross maintains solid upside momentum and a continuation of this […]
