GBP / USD posted modest daily losses early in the US session. BoE announced that Chief Economist Haldane will step down in June. The US dollar index remains in the red after the CPI data. The pair GBP/USD it came under modest downward pressure in the first US session and fell to a daily low […]
Tag: Foreign exchange
US Dollar Index Tests Support at 92.00
DXY challenges key support at 92.00 on Tuesday. US 10-year yields trim gains and fall to the 1.66% area. The US CPI increased 0.6% month-on-month and 2.6% year-on-year during March. Increasing selling pressure around the dollar is now dragging the US Dollar Index (DXY) to new weekly lows near 92.00. US Dollar Index Offered After […]
EUR / USD surpasses 1.1930 reaching a three-week high.
The euro gains momentum in the market and pushes the EUR / USD to the highest since March 23. The dollar falls after inflation data and vaccination news in the US. EUR / USD rose to 1.1936 after the US inflation figures for March were known, which were above expectations. The greenback is pulling back […]
AUD / USD declines to 0.7600 zone amid broad USD strength
AUD / USD is trading lower ahead of the American session. The US Dollar Index clings to gains above 92.20 ahead of US CPI data. Market risk aversion is helping the USD retain its strength. The pair AUD/USD It started the day under modest downward pressure but managed to rebound during European business hours on […]
Next bullish target remains at 1.1930
EUR / USD struggles to get past the 1.19 level. If the rise is extended, a test of the 1.1980 / 90 band is expected. EUR / USD extends consolidation at the upper end of the recent range near 1.1900. The rebound from the current year’s lows near 1.1700 (March 31) appears to have met […]
USD / JPY marks new lows at 109.11, amid US vaccine concerns and ahead of data
The yen among the best performing currencies in the face of a fall in the stock markets. USD / JPY fails to move clearly away from 109.00. The USD / JPY extended the decline and marked a new low for the day at 109.11, after it was learned that US government authorities asked to suspend […]
USD / CAD rises above the 1.2600 level ahead of key US data.
USD / CAD is rising for the second day in a row. The US Dollar DXY Index remains in positive territory above the 92.20 level. The focus of attention shifts to the US March CPI data. The pair USD / CAD posted modest gains on Monday and maintained its bullish momentum through the first half […]
The 92.00 zone contains the lows for now
Price action around DXY remains well supported at 92.00. To give 92.00 more losses would be expected. The US Dollar Index (DXY) is navigating the lower bound of the recent range and remains with good support from the 92.00 area for the time being. If the DXY clears this area, then there is a possibility […]
NZD / USD recovers initial losses and is trading around 0.7030 before US CPI.
The NZD / USD continues to struggle to find direction. The DXY US Dollar Index posts modest daily gains above the 92.00 level. Investors await data from the US CPI consumer price index. The pair NZD / USD it closed the first day of the week practically unchanged and has moved lower during the Asian […]
No change in neutral perspective
EUR / JPY extends the consolidation pattern around 130.00. An overcoming of this year’s highs should put 131.00 on the horizon. EUR / JPY remains sideways around the 130.00 area, on a Tuesday session dominated by sideways movements. Further consolidation around current levels appears to be favored in the very short term. The resumption of […]
