GBP / JPY is trading in a range between 149.80 and 150.60. The pound still shows some vulnerability to the downside, it needs to rebound above 150.60. GBP / JPY traded below 150.00, but rose again above, holding firm in the current consolidation range, after the sharp decline from a multi-year high above 153.00 to […]
Tag: Foreign exchange
USD / CHF hits new three-week lows near 0.9200
Swiss franc among the best of the American session. Sideways USD, DXY remains above 92.00. The USD/CHF it fell further during the US session and bottomed at 0.9216, the lowest level since March 17. It is falling for the seventh time in the last eight trading days. The Swiss franc is among the top performers […]
USD / CAD rises above 1.2560 as the focus shifts to US Treasury auctions.
USD / CAD is rising after a two-day dip. BoC’s Business Outlook Survey highlights an improved outlook. Investors await the auction of US 3- and 10-year Treasuries. The pair USD / CAD dipped to the 1.2530 zone during European trading hours, but had no difficulty recouping its losses. At time of writing, the pair was […]
GBP / USD cuts gains, and returns to the 1.3750 zone
Dollar regains lost ground and pushes GBP / USD lower. The pound rose modestly against the euro as business reopened in the United Kingdom. The GBP / USD is trading just below 1.3750 after the start of the American session. Hours ago it rose to 1.3776, the highest level since last Thursday. After which he […]
EUR / USD hits daily highs near 1.1920, looking at US yields.
EUR / USD leaves the negative start behind and picks up 1.19. The dollar loses control and falls to session lows. EMU retail sales expanded 3.0% month-on-month in February. The single currency vanished the initial offered bias and regained its composure, raising the EUR/USD again above 1.19 at the beginning of the week. EUR / […]
AUD / USD rises to new session highs above 0.7630
AUD / USD continues to struggle to find direction. The US dollar index remains relatively quiet after last week’s slide. Investors await the 10-year US Treasury auction at 17:00 GMT. The pair AUD/USD it closed the previous week virtually unchanged and is struggling to make a decisive move in either direction on Monday. After dropping […]
Cut intraday gains, flirt with daily lows near 1.2530
A combination of factors did not help the USD / CAD to preserve its initial gains in the 1.2565-70 area. Falling US bond yields weighed on the USD; a modest rebound in oil prices sustained the loonie. Sustained weakness below 1.2500 is needed to confirm a further bearish breakout. The pair USD / CAD It […]
Immediately upwards appears on the radar 1.1930
EUR / USD recovers the area above the 1.1900 level. The next relevant target appears in the 1.1980 / 90 band. EUR / USD reverses the initial pessimism and advances past the 1.1900 barrier at the beginning of the week. The rebound from this year’s lows near 1.1700 remains healthy so far. A sustainable break […]
USD / MXN marks minimums below 20.10, due to dollar weakness
The dollar retreated on Monday, pushing USD / MXN towards 20.00. Eyes on the Treasury bond markets, with large volumes of debt to be placed. The Mexican peso is rising against the dollar on Monday, at the start of the week approaching the highest levels in more than a month. Most emerging currencies appreciate against […]
EUR / GBP consolidates last week’s impressive gains, trading around 0.8650
EUR / GBP fell sharply early in the European session. Retail sales in Europe increased more than expected in February. BoE legislator Silvana Tenreyro is scheduled to deliver a speech. The pair EUR/GBP made an impressive rally last week and gained more than 150 pips. However, the pair struggled to preserve its bullish momentum on […]
