The pound could see its rally accelerated on a break above the 1.3810 level in the coming weeks, according to currency strategists from the United States. UOB Group. 24 hour perspective: “Yesterday, we noted that the British pound could rise, but the main resistance at 1.3810 was unlikely to be threatened. Instead of rising, the […]
Tag: Foreign exchange
EUR / USD now points to 1.2010 – UOB
The currency strategists of UOB Group suggest that the EUR / USD could generate more gains if it breaks above the 1.2010 zone in the coming weeks. 24 hour perspective: “We expected the EUR to strengthen yesterday, but noted that overbought conditions suggested a sustained rise above 1.1985 was unlikely. Our view was not wrong […]
USD / JPY extends its sideways movement around 109.00
USD / JPY is struggling to make a decisive move on Wednesday. The US dollar index remains on track to post its lowest daily close since March 18. The 10-year US Treasury yield has risen more than 1%. After closing the first two trading days of the week in negative territory, the pair USD/JPY calmed […]
USD / CAD plummets to 1.2500 as USD sell-off intensifies
USD / CAD continues to push lower in the US session. The US Dollar Index extends the slide to 91.50 on Wednesday. WTI is up more than 4%, trading above $ 63. The pair USD / CAD it rose to a daily high of 1.2576 during European business hours, but reversed its direction in the […]
EUR / USD hits new highs above 1.1980 as Powell makes his statements
The dollar remains under pressure across the board, even amid rising yields. EUR / USD is approaching the 1.1990 / 1.2000 barrier. The pair EUR/USD it rose further and reached the 1.1983 level, hitting a new three-week high. It remains at the top, with the bullish tone intact as the US dollar falls across the […]
AUD / USD rises further to new 3-week highs at 0.7730 zone
The Australian dollar is among the best for risk appetite. The US dollar falls across the board even as US yields rise. The AUD/USD it rose further, driven by a fall in the US dollar and a positive tone in financial markets. The pair reached 0.7730, the highest level since March 23. It remains close […]
NZD / USD rises to the 0.7130 zone before Powell
NZD / USD makes new three-week highs above 0.7100. The dollar remains weak as it rises in the stock markets. The NZD / USD closed in positive territory on Tuesday and continued to rise on Wednesday. The pair just made new three-week highs at 0.7129. It is trading at 0.7120 / 25, on its way […]
USD / JPY reaches daily highs above 109.00 before rises in stocks and yields
The dollar extends the recovery against the yen, it remains negative against the rest of the currencies. USD / JPY remains bearish, needs to rise above 109.10 to ease pressure. The USD / JPY rose to 109.08, hit a new high for the day, and then fell back to the 109.00 zone, where it is […]
USD / MXN marks minimums in almost two months, but remains above 20.00
Mexican peso remains in the area of ​​recent highs against the dollar. USD / MXN retains its bearish bias, still above 20.00. El USD/MXN it fell to 20.03, reaching the lowest intraday level since February 16. After which it bounced and is trading in the zone of highs for the day at 10.20. The cross […]
GBP / USD returns initial gains to one-week highs and remains stable around the 1.3750 region
GBP / USD gained traction for the third day in a row, although it struggled to capitalize on the move. A modest rally in US bond yields benefits the USD and limits the pair’s gains. A subsequent dip below the 1.3745-40 region will shift the bias in favor of the bears. The pair GBP/USD has […]
