The pound lost momentum in recent hours, after rising after growth data. The dollar presents mixed results, without significant changes. The GBP / USD climbed to 1.3768 and then reversed, erasing all gains for the day, and fell back to 1.3729, just above the day’s lows. In any case, the pair is moving sideways so […]
Tag: Foreign exchange
EUR / USD around 1.1900 region after ZEW data
EUR / USD remains listless around the 1.1900 level. The dollar alternates gains and losses before the US CPI. Economic sentiment in Germany and the euro area in general deflated in April. The pair EUR/USD manages to stay around the key region of 1.1900 during the European session on Tuesday. EUR / USD is now […]
Fight the 50-hour SMA barrier on the road to recovery
AUD / USD reverses a slide below 0.7600 as the US dollar rally fades. The pair looks to extend the bounce above the 50 hourly SMA as the RSI turns bullish. An impending bearish crossover remains a concern ahead of the US CPI. The AUD / USD pair has erased most of its early losses […]
Keep on your way up towards 1.2600
USD / CAD is trying to bounce back towards the 1.2600 level. The bulls face rejection near the downtrend line. A positive MACD leans in favor of a bullish move. The USD / CAD pair is consolidating near the 1.2580 region during the European session on Tuesday, moving within a tight trading range between 1.2580-1.2555. […]
The door is open to a test of the region of 1.1950 – UOB
UOB Group currency strategists note that EUR / USD could rise and revisit the 1.1945 level In the next weeks. Key Comments: 24 hour view: “Yesterday we held the view that there is room for the EUR / USD to ‘test 1.1925’. Our expectation did not fully materialize when EUR / USD rose to 1.1919. […]
US Dollar DXY Index Challenges Weekly Highs Near 92.30 Ahead of CPI
The DXY index reverses Monday’s retracement and rises back to the 92.30 region. US 10-year yields rose to the 1.70% region on Tuesday. The release of US inflation figures measured by the CPI stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
A sustained decline below 109.00 seems unlikely – UOB
A move below the 109.00 region in USD / JPY looks unlikely. in the short term, according to the UOB Group currency strategists. Key Comments: 24 hour view: “The sharp decline in USD / JPY to 109.23 was a surprise (we expect USD / JPY to retest resistance at 109.95). Despite the decline, the downside […]
GBP / USD now seen between 1.3670 and 1.3810 – UOB
The pair is expected GBP / USD moves sideways between 1.3670 and 1.3810 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘it is too early to expect a significant rebound’ and we expected the British pound to ‘consolidate and move sideways within a range […]
NZD / USD bears look to pull back from weekly resistance
The pair flies towards a wall of resistance. All eyes are on the RBNZ and critical US data this week. The NZD / USD it remains flat on the day as it heads into the Asian session, having traveled between a low of 0.7013 and 0.7049 overnight. Traders are looking forward to tomorrow’s Reserve Bank […]
EUR / USD still on track to post small daily gains, holding above 1.1900
EUR / USD is trading in a tight range at the beginning of the week. The modest rise in US Treasury yields limits the rise of the EUR / USD. Retail sales in the euro area increased more than expected in February. After holding below 1.1900 during the trading hours of the Asian session, the […]
