Wall Street turns red and weakens the USD/JPY. The pair aims to test the strong support at 127.00. Focus on stocks, US data out. The USD/JPY could not hold above 128.00 in the Asian session and started to pull back reaching as low as 127.07. It then bounced back and is trading at 127.40/50, before […]
Tag: Foreign exchange
EUR/GBP soars to 0.8585 on sharp fall in pound
UK data triggers sharp decline in pound. The euro remains firm on expectations of a rate hike and after economic data. EUR/GBP with bullish bias, points towards 0.8600. The EUR/GBP broke above 0.8500 and jumped up to 0.8585, reaching the highest level in a week and a half. It then pulled back and is trading […]
USD/MXN hits one-month lows below 19.80
The Mexican peso continues without stopping against the dollar. Good mood in financial markets favor emerging market currencies. USD/MXN with an eye on the lows of 2022. USD/MXN is trading around 19.80, they lost ground for the third day in a row and for the ninth time in the last ten days. The losses occurred […]
EUR/USD jumps towards 1.0700 after Lagarde’s comments
ECB President affirms that rates could stop being negative by the end of the third quarter. The euro rises on all fronts and the dollar collapses. EUR/USD at highs in almost a month, near 1.0700. EUR/USD picked up yet another boost on Monday with comments from the chair of the European Central Bank (ECB), Christine […]
USD/MXN falls to one-month lows in the 19.85 zone
Stock rebound on Wall Street adds downward pressure to USD/MXN. Emerging market currencies firm against the dollar. USD/MXN could have the lowest weekly close in a year. USD/MXN falls for the second day in a row and trades at the lowest level in a month. The bearish technical bias remains firm and the pair seems […]
USD/CAD falls to two-week lows below 1.2800
The dollar continues with the downward correction, although the negative tone is easing. The loonie clings to weekly gains against the greenback, recovering from lows in years. USD/CAD finds support at the 1.2780 area. The USD/CAD is falling for the second day in a row and trades just below 1.2800. The pair fell to 1.2775, […]
EUR/USD remains close to 1.0600 in recovery mode
The dollar remains weak, the stock markets continue to rebound. EUR/USD looks to extend gains but remains capped by 1.0600. Ahead: Eurozone consumer confidence data. EUR/USD hit daily highs at 1.0599 on Friday after finding support twice at the 1.0555 area. The pair is moving sideways, retaining a bullish bias but capped by 1.0600, supported […]
USD/MXN erases gains and tests May lows near 19.85
The Mexican peso recovers after the fall on Wednesday. USD/MXN remains bearish despite the negative climate in financial markets. USD/MXN is trading around 19.90, erasing Wednesday’s rally. The Mexican peso returned to the area of ​​monthly highs, despite the negative climate of the financial markets. On Thursday Wall Street is trying to recover after having […]
USD/JPY plunges to four-day lows on sharp pullback on Wall Street
Fall in stock markets pushes down USD/JPY. The yen is also helped by rising Treasury bonds. USD/JPY ends bullish correction and could return to 128.00 The USD/JPY lost more than 50 pips in the last few hours as market sentiment deteriorated. The pair cut off the recovery and after failing to hold above 129.00 fell […]
USD/MXN falls to four-week low below 19.90
Mexican peso remains strong against the dollar and begins to firm below 20.00. The dollar tries to recover ground but continues with a negative tone. Fall in stock markets could endanger MXN rally. USD/MXN is falling for the seventh day in a row. It recently bottomed out at 19.87, the lowest level in almost a […]
