EUR/USD maintains negative pressure at the start of the week. Euro is also weak against the pound and the Swiss franc. DXY rises for the third day in a row. The EUR/USD is falling for the third day in a row and is trading at the 1.1005 area, off Thursday’s levels near 1.1200. The pair […]
Tag: Foreign exchange
USD/CHF rises above 0.9250 to fresh daily highs amid positive risk sentiment
USD/CHF attracts some buying on Monday, but lacks continuation. A positive risk tone weighs on the safe haven CHF and offers some support to the pair. The subdued demand around the USD limits any significant gains amid uncertainty over Ukraine. The pair USD/CHF moves with a slight positive bias during the first half of the […]
NZD/USD maintains slight daily gains, upside potential seems limited
NZD/USD attracts some buying on Monday amid subdued USD action. The war in Ukraine and aggressive Fed expectations should help limit USD losses. The fundamental backdrop warrants some caution for aggressive bulls. The pair NZD/USD maintains its modest intraday gains during the first half of the European session on Monday, holding positive around the 0.6925/30 […]
GBP/USD maintains the movement within the range of 1.3050 to 1.3250 – UOB
GBP/USD is expected to trade in the 1.3050-1.3250 range in the coming weeks, according to currency strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Featured Comments 24 hour view: “Our expectations for GBP/USD to ‘move sideways’ last Friday were incorrect as it dipped as low as 1.3087 before closing at 1.3115 (-0.22%). […]
US dollar index DXY extends move higher around 98.60
DXY index extends bounce near 98.70. Investors’ attention is focused on the inversion of the US yield curve. Factory orders data for February stands out on the US economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends recent gains and retry the 98.65/70 region […]
EUR/USD hits new lows below 1.1030 as USD
EUR/USD falls on Friday on a stronger dollar, bullish for the week. US March mixed data: No surprises in jobs, unexpected decline in ISM manufacturing PMI. Wall Street indices trim gains; European markets are holding on to modest gains. The EUR/USD fell further and posted a fresh three-day low during the US session at 1.1026 […]
US dollar index rises to 3-day highs near 98.70
DXY rises and revisits the 98.70 area. US nonfarm payrolls fell short of estimates by 431,000. The ISM Manufacturing surprised to the downside in March. The US Dollar Index (DXY)which measures the dollar against a set of its main rivals, extends the daily rise to the 98.70 region on Friday. DXY strengthens after US NFP […]
Bulls struggle to break above the 200 hourly SMA resistance
-637844167056375749.png "Bulls struggle to break above the 200 hourly SMA resistance")
USD/CAD struggled for firm direction and ranged around 1.2500. The mixed technical setup warrants some caution before making aggressive directional bets. Sustained strength beyond the 200 hourly SMA would set the stage for a significant upside. The pair USD/CAD traded between tepid gains/minor losses during the early American session and held steady near the key […]
GBP/USD updates daily lows after US NFP.
Sustained USD buying dragged GBP/USD lower during the early American session. The US NFP report reaffirmed the Fed’s rate hike bets and continued to support the dollar. Risk appetite could cap the safe haven USD and help limit deeper losses for the pair. The GBP/USD pair saw some selling during the early American session and […]
EUR/USD hits three-day low after US employment data.
Nonfarm payrolls rose by 431,000 in March, below the 490,000 expected. The dollar rises after data, at a moderate pace. EUR/USD remains sideways, with a bearish bias. The EUR/USD fell to 1.1035 after the US March jobs report as the dollar rose against G10 currencies. Although payrolls rose less than expected, the details were encouraging. […]
