US growth and employment data beat expectations. The dollar is favored while the yen falls on rising yields. USD/JPY continues to move sideways with no clear direction ahead of the Jackson Hole symposium. The USD/JPY bottomed on Thursday at 136.29 and then started a rebound, which was accelerated by the release of US economic data. […]
Tag: Foreign exchange
USD/MXN falls to one-week lows at 19.90, inflation continues to rise in Mexico
Mexican peso among the best performing currencies on Wednesday. Dollar remains firm supported by Treasury bond yields and market climate. USD/MXN finds support at 19.90. USD/MXN fell on Wednesday to 19.90 reaching the lowest level in a week. It then bounced back and is trading around 19.95, still with a bearish bias. The Mexican peso […]
EUR/USD extends pullback and approaches 0.9900
The dollar gains momentum again after Tuesday’s fall. US: Report durable goods orders with mixed signals. EUR/USD remains under pressure, unable to sustain recovery. EUR/USD continued to pull back and posted fresh daily lows at 0.9912, close to Tuesday’s low in decades at 0.9898. After the publication of US economic data, the pair did not […]
USD/JPY Price Analysis: Down from 5-week highs, trades around 136.40
USD/JPY sinks 100 pips and loses more than 0.70% on mixed US economic data. A bearish candlestick pattern on the daily chart could pave the way for further losses. USD/JPY is trading below the 100 hourly EMA, with sellers keeping the strength afloat. The USD/JPY slumps from weekly highs around 137.70 as US recession fears […]
EUR/USD shoots up and exceeds 1.0000 after negative data from the US economy.
PMI data surprises negatively and weighs on the dollar. EUR/USD accelerates to the upside and climbs to 1.0019. Stocks on Wall Street rise after the report. The dollar tumbled after August’s preliminary PMI report, propelling EUR/USD back above parity. The pair climbed to 1.0019, marking a new high for the day, and recovering in this […]
USD/MXN bullish, remains firm above 20.00
The dollar remains firm in the face of decline in the markets. USD/MXN rises for the fifth day in a row. USD/MXN is trading at the 20.21 zone, in positive territory for the day after bouncing from 20.10. The outlook remains bullish, with an eye on Friday’s high at 20.26. The area between 20.25 and […]
USD/JPY returns to positive territory and recovers 137.00
The dollar remains firm at the beginning of the week. Treasury bond yields remain at monthly highs supporting the dollar. Low in bags limits the fall of the Japanese currency. USD/JPY is rising for the fifth day in a row after managing to return above 137.00 in the early American session. The pair bounced off […]
USD/MXN continues to rise and hits nine-day highs near 20.30
The dollar shoots up in the market due to a fall in the stock markets. Mexican peso remains under pressure and extends weekly losses. USD/MXN is facing resistance at the 20.20/25 zone. USD/MXN continued to climb and reached 20.26, the highest level since August 10. It then pulled back slightly and is trading around 20.18, […]
USD/JPY continues to rise and hits three-week highs above 137.00
Yen under market pressure as sovereign bond yields rise, despite risk aversion. DXY rises to highest level since July 15. USD/JPY is headed for the second highest weekly close in decades. The USD/JPY is rising for the fourth day in a row on Friday and hit as high as 137.14, atreaching the highest level in […]
EUR/USD Slumps to Five-Week Lows, Targets Parity
The dollar gains momentum and rises on all fronts. EUR/USD continues to approach parity, looks vulnerable. European stock markets and Wall Street futures in the red. EUR/USD extended the decline below 1.0100 and posted fresh five-week lows at 1.0051 on renewed dollar strength. The pair remains under pressure, in the low zone, getting closer to […]