DXY remains under pressure well below 102.00. Immediately to the downside comes the 55-day moving average. The US Dollar Index (DXY) accelerates losses and hits new multi-week lows in the 101.30 region on Monday. DXY remains under pressure and further losses should not be ruled out at the moment. That said, further decline is expected […]
Tag: Foreign exchange
EUR/USD rises to new one-month highs, approaches 1.0800
The euro among the best performing currencies on Monday. Inflation data is coming from Germany for May. EUR/USD accelerates to the upside, hits the 55-day moving average. The EUR/USD extended the bullish run and climbed to 1.0780, the highest level since April 25. The pair remains in the high zone, with the moment in favor […]
USD/MXN breaks below 19.70 and falls to the lowest since June 2021
The Mexican peso accelerates the upward trend against the dollar. USD/MXN could go towards 19.50/55. The dollar weakened against the emerging ones due to a rise in stock markets and stability in Treasury bond yields. USD/MXN is falling significantly and is trading at 19.61, the lowest level since June 2021 and one step away from […]
EUR/USD Price Analysis: Bearish tone would ease above 1.0820
EUR/USD advances to fresh monthly highs near 1.0770. Further gains now point to the resistance line near 1.0820. EUR/USD is under pressure shortly after hitting new highs near 1.0770 on Friday. Considering the current price action of the pair, a continuation of the bounce seems likely, at least in the short term. That said, the […]
DXY Price Analysis: More gains likely to hold above 100.60
DXY made a U-turn shortly after hitting new lows near 101.40. The support line near 100.60 supports the constructive view. The index changes course after bottoming in the 101.40 region on Friday. Should we lose the May low at 101.43 (May 27), the DXY would be exposed to another retracement to the intermediate 55-day simple […]
EUR/USD pulls back from 1-month highs and hits lows below 1.0700 ahead of US data.
The euro looks weak throughout the market on Friday. The dollar presents mixed results before important data. EUR/USD reverses intraday direction after hitting one-month highs. The EUR/USD lost more than 50 pips in the last hours and erased the gains of the day. The euro had climbed to 1.0765, the highest level since April 25, […]
EUR/JPY Price Analysis: More rally on the table above 134.50
EUR/JPY is once again teetering around the 136.70 region. Further gains above the 134.50 area seem likely. EUR/JPY corrects lower after once again failing to extend the recovery above the 136.70 area on Friday. The succession of higher lows since mid-May leaves the prospect of further hikes on the table for now. That said, as […]
USD/MXN falls to one-month lows near 19.75, closer to year low
Mexican peso remains strong against the dollar. USD/MXN bearish, pressing the 2022 low. USD/MXN is falling and is trading at 19.76, the lowest level in a month. The pair continues downhill, now supported by the improvement on Wall Street. With the Dow Jones on track to snap a historic weekly losing streak, the Mexican peso […]
EUR/USD makes new daily highs above 1.0720
Dollar weakness supports EUR/USD rally after Wednesday’s decline. Euro tries to hold above 1.0700, hangs on to weekly gains. US data ahead includes new first quarter GDP reading. EUR/USD extended the bounce from the daily low of 1.0661, erased losses and rose to 1.0722 marking a new daily high. In the previous data from the […]
USD/MXN erases gains and approaches the low of the year again
The dollar tries to regain strength in the market due to the fall in equity markets. Inflation continues above 7% in Mexico, data from the US is coming. USD/MXN continues to point to April lows. USD/MXN closed flat on Monday, having rebounded after hitting fresh one-month lows at 19.76. On Tuesday the pair rose to […]
