EUR/JPY hits intraday high since December 2014. The yen collapses on rise in treasury bond yields. The euro favored before expectations for the ECB meeting. On day ten of the EUR/JPY rally, the cross instead of pausing accelerated the rally. The euro rises more than 200 pips on Wednesday and reached 144.21, the highest intraday […]
Tag: Foreign exchange
EUR/USD accelerates to the upside and breaks above 1.0720 boosted by a stronger Euro
The euro appreciates throughout the market before the ECB. The dollar with mixed results, looking from afar at the Fed. EUR/USD with bullish outlook after strong rebound. EUR/USD accelerated the gains in the last two hours, going from daily lows in the 1.0670 area to rise to 1.0729, the highest level in two days. The […]
EUR/USD Price Analysis: Next support lies at 1.0627
EUR/USD remains on the defensive well below 1.0700. Immediately to the downside emerges support at 1.0627. EUR/USD is under further downward pressure and extends recent pullback below key support at 1.0700. The current bearish move has the potential to extend further and lead to a visit to June low at 1.0627 (June 1) ahead of […]
USD/MXN remains above 19.50, the peso faces a significant barrier
Mexican peso fails to push USD/MXN below 19.50. The dollar is favored by negative climate in global markets. USD/MXN is trading in the 19.60 area, at daily highs after holding above 19.50. The dollar looks stronger on Tuesday in a climate of moderate risk aversion. The Dow Jones is down 0.65% and the S&P is […]
DXY Price Analysis: With room for further short-term gains
DXY makes new highs at the 103.00 limits on Tuesday. Interim hurdles lie at Fibonacci levels before the 2022 top. DXY adds to the weekly recovery and is already approaching the key 102.00 mark on Tuesday. Considering the ongoing bounce, further gains appear in the offing for the US Dollar Index (DXY) with immediate targets […]
EUR/JPY Price Analysis: Next level on the upside appears at 145.32
EUR/JPY extends the march above the 142.00 bar. More rally is now targeting the 2015 high beyond 145.00. EUR/JPY keeps marching north well in place for yet another session and posts new cycle highs beyond 142.00 on Tuesday. The cross briefly probed the area just above 142.00 and opened the door for a continuation of […]
EUR/USD makes new daily lows after being rejected above 1.0700
The dollar with moderate strength on Tuesday, the DXY rises 0.30%. No impact data ahead on Tuesday. EUR/USD falls for the third day in a row. The EUR/USD fell to 1.0664, marking a fresh five-day low. The decline came after the pair rose to 1.0704, but failed to hold. The dollar is showing some strength […]
USD/JPY jumps above 131.00 on rising Treasury yields
After the opening of the US, Treasury bond yields rise. The yen falls in the market due to the advance in equities and the fall in bonds. USD/JPY heading for the highest daily close since 2002. The USD/JPY gained momentum after the opening of Wall Street and climbed above 131.00, reaching the highest level since […]
USD/MXN 1-week low below 19.50 against stronger Mexican Peso
The dollar with mixed results, gains momentum before rising Treasury bond yields. Mexico: Officialism triumphs in elections for governor held over the weekend. USD/MXN tests levels below key support. USD/MXN started the week testing levels below a key support zone of 19.50. The Mexican peso is among the best performing currencies. keep pointing down USD/MXN […]
EUR/JPY Price Analysis: Further rally could lead to 141.00
EUR/JPY hits fresh 2022 highs beyond 140.00. Continuation of the uptrend could lead to a retest of 141.05. EUR/JPY posts new cycle highs beyond the 140.00 mark at the start of the week. The cross quickly cleared the 140.00 hurdle and advanced to the 140.60/65 band on Monday, at the same time opening the door […]
