EUR / GBP continued its struggle to break through the 0.8700 level. The technical setup favors bullish traders and supports the prospects for additional earnings. Dips below 0.8645-40 could be seen as a buying opportunity and limit the decline. Having struggled to move above 0.8700, the cross EUR/GBP It was down on Thursday and was […]
Tag: Foreign exchange
USD / CHF cuts modest intraday gains, holding comfortably above 0.9200
Risk appetite undermined safe-haven CHF and extended some support to USD / CHF. Falling US bond yields continued to weigh on the USD and kept the intraday rally limited. Investors are now looking forward to major US macro releases for significant momentum. The pair USD/CHF it struggled to preserve its modest intraday gains and has […]
EUR / JPY remains in consolidation mode near 130.00
EUR / JPY continues to trade sideways, holding above 130.00 on Thursday. Fall in Treasury yields favors the yen. The EUR / JPY continues with the lateral movements, with support around the 130.00 area and without being able to affirm itself above 130.50. On Thursday the cross is falling and is trading at 130.10, approaching […]
AUD / USD sets new multi-week highs at 0.7760 zone
Optimism in financial markets keeps AUD supported. The US Dollar Index remains flat below 91.70 on Thursday. The unemployment rate in Australia fell to 5.6% in March. AUD / USD gained nearly 100 pips on Wednesday and remains firm on Thursday. The price rose to 0.7760 on Thursday, the highest level since March 19. It […]
A further rise above the 1.2000 level is expected
EUR / USD is approaching the key 1.20 level on Thursday. Additional gains remain on the table if the pair manages to climb above 1.20. EUR / USD continues to push higher and is approaching the psychological level of 1.20. The recovery from the anal lows near 1.1700 (March 31) remains strong for now. The […]
USD / JPY falls to three-week lows to 108.65
Yen is helped by falling Treasury yields. The dollar maintains a tone of general weakness, DXY manages to hold above 92.50. USD / JPY is falling for the fourth day in a row and it just dropped to 108.65, the lowest level in three weeks. It is trading around 108.75 / 80, 15 pips below […]
A recent consolidation breakout points to 2021 highs
EUR / JPY remains within a consolidation move above the 130.00 level. The breakout of the yearly highs near 130.70 exposes the round level of 131.00. The EUR / JPY cross extends the multi-day sideways move above the key barrier at the round level of 130.00 during the European session on Thursday. For the time […]
EUR / USD is struggling to find a direction while still targeting the 1.2000 level
EUR / USD is looking to extend the bullish move towards the 1.20 zone. The US dollar remains at the lower end of the recent range. The release of US retail sales and initial jobless claims are prominent on today’s economic calendar. The bullish momentum in the common currency shows some signs of exhaustion and […]
AUD / USD remains stable around the 0.7725-30 region
AUD / USD is struggling to capitalize on the rally to more than three-week highs fueled by the upbeat Australian jobs report. A softer tone around the USD and underlying bullish sentiment offers some support for the pair. The release of US retail sales could generate some business momentum ahead of key macroeconomic releases from […]
USD / JPY could fall back to the 108.00 zone – UOB
According to the currency strategists at UOB Group, USD / JPY is at risk of a possible move below 108.40 on the short-term horizon. Key Comments: 24 hour view: “Our expectations for USD / JPY to ‘weaken further’ did not materialize as it traded surprisingly calm between 108.74 and 109.09. Momentum to the downside has […]
