EUR / GBP remains stable during the European session. The bulls remain defensive near the daily highs. MACD retracement signifies downside momentum. EUR / GBP is moving lower within a narrow trading range during the European session on Wednesday. The cross has peaked at 0.8695 before falling back to intraday lows at 0.8670. At the […]
Tag: Foreign exchange
EUR / USD now faces a big hurdle at 1.2010 – UOB
UOB Group currency strategists see that EUR / USD bullish momentum will increase in the coming weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘bullish momentum has improved slightly, but although EUR / USD could continue to advance, a clear break of the main resistance at 1.1945 is unlikely.’ We added, ‘a break […]
DXY US Dollar Index Extends Breakout Below 92.00 Level
The DXY index remains on the defensive below the 92.00 level. US 10-year yields accelerate the decline and point to 1.60%. Speeches from the Fed, Powell, and the Federal Reserve’s Beige Book stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major […]
A move below 1.3760 loses traction – UOB
In the opinion of the currency strategists at UOB Group, Prospects for GBP / USD to dip below 1.3760 appear to be diminishing for the moment. Key Comments: 24 hour view: “We highlighted yesterday that ‘the rebound seems to be ahead of itself, it seems unlikely that the GBP / USD will strengthen further’ and […]
The bulls face a challenge near the 0.7670 level
AUD / USD continues to rise at the start of the European session. The descending trend line from April 7 challenges the bulls. A positive MACD leans in favor of the bullish momentum. AUD / USD extends the gains of the day before the start of the European session on Wednesday. The pair continues with […]
AUD / USD extends bounce to new daily highs near 0.7640 as USD selloff continues
AUD / USD maintains its bullish momentum during the American session. Falling Treasury yields continue to weigh on the dollar. The US Dollar Index falls to fresh three-week lows below 92.00. The pair AUD/USD It fell below 0.7600 before the US session, but posted an impressive rebound in the second half of the day. At […]
Pound not holding above 150.60, still testing 150.00
GBP / JPY continues to move sideways after failing to stay above 150.60. The pound shows vulnerability to the downside, continues to test 150.00. The GBP/JPY it momentarily traded above 150.50 / 60 but could not hold and fell back, reaching levels below 150.00. It continues to move sideways after the drop from 153.00. Technical […]
EUR / USD extends daily rally to new multi-week highs above 1.1940
EUR / USD continues to rise during US trading hours. The US dollar index fell below 92.00 after a previous bounce. The core CPI in the US rose to 1.6% in March. After spending the first half of the day in a relatively tight range below 1.1900, the pair EUR/USD it gained traction during the […]
USD / CAD cuts daily gains amid USD weakness, trading near 1.2560
USD / CAD reversed its direction after climbing above 1.2600. Falling US Treasury Yields Weighs on the USD. The US Dollar Index touched a new multi-week low below 92.00. The pair USD / CAD it rose to a daily high of 1.2626 during European trading hours, but turned south in the second half of the […]
EUR / GBP backs down modestly after hitting fresh weekly highs above 0.8700
EUR / GBP jumped to its highest level since late February. The resignation of Bank of England chief economist Haldane weighed on the British pound. The ZEW economic sentiment index for the EU and Germany did not meet market expectations. The pair EUR/GBP It fell to a daily low of 0.8640 during European business hours […]
