The DXY continues to test the support at 92.00 on Monday. The break at 92.00 should enable more losses. The US Dollar Index (DXY) is trading in the lower bound zone of the recent range and remains well supported by the 92.00 zone so far. A breakout of this area is expected to open the […]
Tag: Foreign exchange
More tours in a lateral direction appear on the horizon
EUR / JPY extends the state of consolidation above 130.00. In case of extending the advance, 131.00 appears. EUR / JPY remains without clear direction above the key 130.00 barrier at the beginning of the week. For the moment, a further consolidation around current levels appears to be in favor. The resumption of the uptrend […]
USD / JPY falls to new lows below 109.30
A general weakness of the dollar weighs on the USD / JPY. Stock markets fell modestly in Europe, as did Wall Street futures. The USD / JPY extended the bearish rally on Monday and fell to 109.23, setting a new low for the day. The price remains close to the low, erasing Friday’s gains. After […]
EUR / GBP to continue to rake in gains after weekly bullish reversal – Credit Suisse
Not only does the EUR / GBP hold a base above 0.8643 / 65, but the close above 0.8574 on Friday is also a bullish technical factor, reinforcing the likelihood of a deeper recovery to 0.8732 initially, analysts say. Credit Suisse. Key statements: “The EUR / GBP not only maintains a base above the key […]
The recent weakness of the ruble will end soon – Commerzbank
The rapid rise of the USD / RUB from its March low at 72.54 has propelled it to a five-month high at 78.04 below which it is currently consolidating, explains Axel Rudolph, technical analyst at Commerzbank. It indicates that the recent advance is likely to lose steam below the September and October highs of 79.99 […]
EUR / USD bounces and marks highs for the day above 1.1910
EUR / USD remains sideways within the range of the last few days. Generalized fall of the dollar drives the intraday rebound. The EUR / USD rebounded from 1.1870 and climbed to 1.1915, marking a new high for the day. The rise occurred before a generalized decline in the dollar in the market. The euro […]
USD / CHF struggles to find a direction stuck within a range around 0.9250
USD / CHF oscillates within a range during the European session on Monday. Risk-off sentiment benefits the safe-haven CHF and limits the pair’s rise. A modest pickup in USD demand helps limit any significant losses, at least for now. The pair USD/CHF lacks a firm directional bias and remains stuck within a tight trading range, […]
Faces rejection near 0.8700 level, upside potential remains intact
A modest pickup in demand for the British pound triggers some selling around EUR / GBP on Monday. The technical setup appears tilted in favor of the bulls and supports the prospects for additional earnings. Drops towards the 0.8600 level could still be seen as a buying opportunity and remain limited. The EUR / GBP […]
US dollar DXY index finds resistance at 92.30 region
The DXY index extends Friday’s gains and advances to the 92.30 area. Fed Chairman Powell said the US economy is at a “tipping point.” US 10-year yields relax a bit to the 1.65% area. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends the gains […]
USD / JPY faces strong support at 109.00 – UOB
UOB Group currency strategists note that selling pressure in the US is expected to USD / JPY finds solid support at the 109.00 zone. Key comments: 24 hour view: “USD / JPY spiked to 109.95 last Friday before releasing to close firm at 109.65. The underlying tone is firm and there is room for USD […]
