The dollar falls modestly in the market at the start of the week. The euro without relevant changes, between holidays and before the ECB. EUR/USD in recent range, unable to break 1.0750. The EUR/USD rallied as high as 1.0751 at the start of the European session but then lost momentum and pulled back to find […]
Tag: Foreign exchange
EUR/USD Price Analysis: Strong hurdle emerges around 1.0790
EUR/USD appears offered but remains above 1.0700. The 1.0790 region remains a tough barrier for the bulls thus far. EUR/USD is trading within the daily range in the context of a resurgence in demand for the dollar. Breaking out of the 1.0780/90 band, where the 3-month resistance line and the May high meet, should see […]
USD/MXN falls to four-day lows and tests support at 19.50
Mexican peso gains momentum on Friday despite rising Treasury bond yields. US employment data above expectations. USD/MXN heading for the lowest weekly close since March 2020. USD/MXN has erased gains and is trading around 19.50, testing that important support zone. The pair had risen to 19.58 after the US jobs report but then reversed direction. […]
USD/JPY jumps to three-week highs above 130.50 after US jobs report.
US jobs report slightly beats expectations. The dollar rises throughout the market, driven by yields. USD/JPY one step away from having the highest weekly close since April 2002. The USD/JPY jumped from 130.10 to 130.64, after the US employment report, reaching the highest level in three weeks. The pair remains in the area of ​​highs […]
EUR/JPY Price Analysis: More upside likely to break above 140.00
EUR/JPY rises and visits area near 140.00. Beyond 140.00, the cross should challenge 141.05. EUR/JPY continues to rally solidly and trades close to this year’s peak of 140.00 (April 21). Breaking above the 2022 peak should prompt the cross to shift its attention to the June 2015 high at 141.05. In the meantime, if it […]
EUR/USD falls towards 1.0730 before the US jobs report.
EUR/USD reverses from three-day highs and pulls back modestly. Calm markets awaiting the US employment report data for May. German and US bond spread continues to decline. Ahead of major US economic data releases, EUR/USD is trading near daily lows and eyeing the 1.0730 area closely. The markets show some calm, with the dollar with […]
USD/MXN falls after failing to affirm above 19.70 and points to 19.50
Dollar weakness pressures USD/MXN lower on Thursday. Volatility remains high in the pair. Banxico cuts growth projection and raises inflation. The USD/MXN trades on Thursday after starting the American session at a two-day low at 19.54, after having traded above 19.70 hours ago. The dollar is retreating on all fronts as commodities rise and equity […]
EUR/USD Price Analysis: Euro needs to break above 1.0780/90 for further strength
EUR/USD recovers lost ground and advances beyond 1.0700. The 1.0780/90 band is emerging as a key resistance area. EUR/USD retakes the area above 1.0700 and reverses two consecutive daily pullbacks. Breaking out of the 1.0780/90 region, where the May high and 3-month resistance line meet, should ease downside pressure and allow for a potential move […]
DXY Price Analysis: Another drop to 101.30 is not ruled out
DXY is under pressure after two days of gains. The recent low in the 101.30 region could be revisited in the short term. The US Dollar Index (DXY) reverses the recent rise and retests the 102.00 neighborhood on Thursday. The inability of the dollar to spark a more serious rally could prompt sellers to return […]
USD/JPY pulls back below 130.00 after rising more than 300 pips in four days
The dollar is weak in the market after Wednesday’s rise, before important data. The yen affected by the rise in equity markets. USD/JPY falls after rising for four consecutive days. The USD/JPY is falling on Thursday after rising for four days in a row. The 300+ pip rally peaked at 130.23, the highest in three […]
