Stocks fall more than 2% on average in the US for the second day in a row. Inflation in the US hits new highs since 1981. USD/MXN breaks key resistances, points to more gains. USD/MXN soared on Friday after US inflation data and against a backdrop of sharp declines in equity markets, which is driving […]
Tag: Foreign exchange
EUR/JPY Price Analysis: Temporary spike forms just above 144.00
EUR/JPY extends the pullback that started on Thursday and breaks 142.00. The next major support comes at 140.00. EUR/JPY extends rejection from recent highs beyond 144.00 at the end of the week. Overbought conditions and renewed demand for the Japanese yen now force the cross to lose ground and refocus its attention on the 140.00 […]
EUR/USD falls below 1.0600, key US inflation data is coming.
EUR/USD remains under pressure and falls to a two-week low. The dollar remains firm, extending the rally that began after the ECB meeting. US inflation data ahead. EUR/USD remains under pressure and extended the declines that had started on Thursday after the European Central Bank meeting. The pair hit as low as 1.0584, the lowest […]
USD/CHF falls to 0.9720 and rebounds on dollar strengthening
Swiss franc rises after ECB meeting. ECB announces that it intends to raise the reference interest rate in July. USD/CHF moves away from lows in three weeks. USD/CHF weakened after the European Central Bank meeting and pulled back from three-week highs at 0.9800 to 0.9722. It is trading at 0.9750, moving away from the lows […]
EUR/USD rises to three-day highs after ECB decision
Euro strengthens moderately after the ECB statement with the decisions. EUR/USD goes from daily lows to three-day highs. Volatility is expected to remain elevated for now. EUR/USD is reacting to the European Central Bank announcement and is now waiting for the Lagarde conference. The pair rose to 1.0749, reaching the highest level in three days. […]
DXY Price Analysis: More upside on the way above 101.30
DXY is seen offered around 102.40 on Thursday. The four-month line near 101.30 underpins the upside. The US Dollar Index (DXY) maintains its weekly sideways move and trades around 102.40 on Thursday. Considering the ongoing price action, further consolidation should not be ruled out as occasional upside attempts appear to be capped by weekly highs […]
EUR/JPY Price Analysis: Technical Correction Looks Likely
EUR/JPY pulls back from recent cycle highs above 144.00. More rallies now target 2015 peak beyond 145.00. EUR/JPY is experiencing a technical retracement after the sharp rise seen in previous sessions, which led technical indicators to overbought levels, according to the daily RSI which is above the 70.00 threshold. The cross probed the area above […]
EUR/USD stable near 1.0700 awaiting ECB statement
ECB will announce its monetary policy decision in minutes. The euro is calm holding on to Wednesday’s gains. EUR/USD remains sideways, not moving away from 1.0700. EUR/USD remains relatively calm ahead of the ECB decision trading around 1.0700. This tranquility is estimated to be altered initially by the decision and then by the words of […]
EUR/JPY Price Analysis: More rally seems likely in the short term
EUR/JPY hits new cycle highs just above 144.00. More rallies now target 2015 high beyond 145.00. The EUR/JPY rally does not look weakened and is currently testing the new highs area in the neighborhood of 144.00. The cross was briefly in the area just above 144.00 and opened the door for a continuation of the […]
USD/MXN rises to six-day highs but fails to assert itself above 19.60
The dollar rises modestly on Wednesday. Emerging market currencies with mixed results. USD/MXN bullish in the very short term, but limited. USD/MXN reached as high as 19.68 on Wednesday, reaching the highest since last Thursday, but then pulled back and returned to the 19.60 area. The pair maintains a bullish bias in the very short […]
