The yen continues to strengthen on risk aversion. The dollar loses momentum after economic data. USD/JPY has worst day in months, down more than 200 pips. The USD/JPY fails to find support and after losing 128.00 accelerated the decline. It is trading at the 127.50 area, at the lowest level since April 27. The pair […]
Tag: Foreign exchange
EUR/USD crashes to 1.0420, five-year low
The dollar gains momentum in a climate of tension in the markets. The euro does not get support even for “hawkish” comments from ECB officials. EUR/USD targets 1.0400; closer to hitting lows since 2003. The strength of the dollar pushed the EUR/USD to the lowest levels since January 2017 at the 1.0420 zone, in a […]
Volatile USD/MXN, returns to 20.30 after making one-week highs
US inflation data triggered sharp runs in financial markets. The dollar initially soared but then gave back almost all of the gains. USD/MXN went from 20.23 to 20.47 and returned to 20.26. The USD/MXN experiences hours of high volatility after the April inflation data from the United States. The pair jumped from 20.24 to 20.46, […]
USD/JPY jumps sharply to 130.80 after US inflation data.
The dollar shoots up and recovers strength after knowing the US CPI for April. The yen falls affected by soaring Treasury bond yields. USD/JPY erases daily losses and stops at resistance at 130.80. The USD/JPY soared after the April inflation data from the United States, which showed higher than expected figures. The pair climbed from […]
EUR/USD halts advance at 1.0575, remains sideways ahead of US inflation data.
The dollar falls in the market before US data. Treasury yields fall and Wall Street futures rise. EUR/USD remains in the familiar range of the last few days around 1.0550. EUR/USD recently rose to 1.0575 making a daily high and then returned to the 1.0550 area. The pair continues to move sideways, ahead of important […]
EUR/USD finds support above 1.0530, holds range
Equity markets bounce back after crash, contributing to some calm. EUR/USD remains in consolidation mode around 1.0550. The dollar remains firm in the market, without significant correction. The EUR/USD is trading flat from Monday’s close around 1.0555/60. It previously found support at the 1.0530 area from where it rebounded. In a broader perspective, the pair […]
USD/CHF continues to advance and approaches parity, Swiss franc weakens
Swiss franc weakened even despite risk aversion. Divergence between the Swiss National Bank with the rest hits the CHF. USD/CHF targets 1,000, with support at 0.9890. The USD/CHF continues with the consistent rally and rises for the 20th time on Tuesday, of the last 22 days. The pair reached as high as 0.9974, the highest […]
USD/MXN rises due to risk aversion and marks maximum in days at 20.40
The Mexican peso is affected by the bad weather in the markets. The dollar remains firm on risk aversion and rises in yields. USD/MXN still unable to confirm above 20.30. USD/MXN is rising on Monday in another red session for equity markets around the world. The pair climbed to 20.39, the highest since May 3, […]
EUR/USD erases losses and rises towards 1.0550
EUR/USD remains in the recent range above 1.0480. The dollar remains firm before rising yields. Sharp drop in Wall Street futures. EUR/USD is trading flat on Monday after rallying within hours of the European session. The pair bottomed out at 1.0495 and rebounded only reaching 1.0545, a new daily high and Friday’s closing level. The […]
USD/MXN capped at 20.30, falling despite Wall Street drop
Mexican peso among the best performers on Friday. The dollar with less strength, but remains firm. USD/MXN stopped by 20.30, falls to the 20-day moving average. The USD/MXN is falling on Monday after not being able to break above the 20.30 zone and is trading around 20.13, in the zone of daily lows and where […]
