This is what you need to know to trade today Monday, October 11: The weakness of the dollar following the disappointing September US employment report, which showed Non-Farm Payrolls increased by 194,000, disappointing the market’s expectation of 500,000 by a wide margin, was short-lived. Rising U.S. Treasury yields provided support for the greenback and helped […]
Tag: Foreign exchange
EUR / USD risks a further short-term decline – UOB
FX strategists at UOB Group believe that the EUR/USD it could head towards the 1.1500 area in the short term. Featured statements 24-hour perspective: “Our expectations of the euro falling to 1.1520 before a more sustained rally can be expected did not materialize, as it traded quietly between 1.1546 and 1.1571 before closing practically unchanged […]
GBP / USD consolidates above 1.3600 after rejection from 1.3660
GBP / USD closes the week above the lows of 1.3600 from 1.3405 in late September. BoE tightening expectations have driven the pound’s recovery. GBP / USD seen at 1.41 in 2022 – Westpac. The GBP has found support at 1.3610 after having touched resistance at one-week highs of 1.3660 today. The pair GBP/USD consolidates […]
EUR / GBP cuts losses although it remains below 0.8500
The euro remains weak, capped below 0.8500. Expectations of a rate hike from the BoE have boosted the pound. EUR / GBP: A break of the 0.8449 support would increase bearish momentum – Commerzbank. The EUR is recovering on Friday, after having depreciated for six consecutive days. The crossing EUR/GBPHowever, it remains on the defensive […]
USD / CHF finds support at 0.9260 after rejection at 0.9300
The dollar fails to break 0.9300 but remains stable above 0.9260. The pair extended losses following the release of the NFP data. USD / CHF: A dip below 0.9189 would ease upward pressure – Commerzbank. The US dollar has failed in its third attempt to regain the 0.9300 level, and is down earlier today, to […]
USD / JPY bounces from 111.50 reaching new yearly highs above 112.00
The dollar resumes its uptrend to hit new multi-month highs at 112.20. The USD, ignored by the weak US employment report USD / JPY: An appreciation of 113.00 is appreciated at the end of 2022. The USD It has retraced the previous slide towards the session lows at 111.00 previously seen on Friday, to break […]
EUR / USD rises to session highs at 1.1580 as US payrolls disappoint
The euro bounces from the lows of 1.1535 to reach session highs near 1.1580. The dollar loses momentum as US employment data disappoints expectations. EUR / USD: Above crucial support at 1.1495 – SocGen. The euro is attempting to rebound from 14-month lows at 1.1535 to hit session highs at 1.1580, helped by a weaker-than-expected […]
US Dollar Index Turns Around 94.00 After NFP Report
The DXY quickly faded the initial optimism and fell below 94.00. The US economy added 194,000 jobs in September compared to an expected 500,000. The US unemployment rate fell to 4.8% (from 5.2%). The US Dollar Index (DXY), which measures the dollar against a set of its main rival currencies, retakes the 94.00 barrier after […]
EUR / USD at new highs around 1.1580 / 85
EUR / USD rose to daily highs near 1.1580 on Friday. US nonfarm payrolls increased by 194,000 jobs in September. The unemployment rate fell to 4.8%. Buying interest around the single currency remains good and solid at the end of the week and is now rising to EUR/USD back to the 1.1580 zone following the […]
GBP / USD jumps to 10-day highs above 1.3650 after NFP
GBP / USD drew some falling buying on Friday amid a modest USD pullback following the NFP report. The US economy added just 194,000 jobs in September; the unemployment rate fell below 5%. High US bond yields helped limit the USD’s deeper losses and capped the pair higher. The pair GBP/USD gained some positive traction […]