USD / JPY is posting strong daily gains on Friday. Rising US Treasury yields boost USD / JPY. The US Dollar Index remains in positive territory above 92.20. The pair USD/JPY it retained its bullish moment early in the US session and hit a fresh daily high of 109.96 before entering a consolidation phase. At […]
Tag: Foreign exchange
US Dollar Index Loses Momentum Near 92.40
The positive side of the DXY was exhausted at the 92.40 area. US yields betray part of the previous advance. US producer prices rose 1.0% month-on-month, up 4.2% year-on-year in March. The US Dollar Index (DXY), which tracks the dollar against a set of its main competitors, maintains the offered tone unchanged, although it operates […]
Stays bearish above 0.7600, bearish bias remains
A strong recovery in USD demand sparked some selling around AUD / USD on Friday. The downside remained limited as the bulls showed some resistance below 0.7600. Recent range moves constitute the formation of a bearish rectangle pattern. The pair AUD/USD it struggled to capitalize on its intraday rebound from lows of more than a […]
USD / MXN bounces after reaching 20.05, the low in seven weeks
The Mexican peso fell against the dollar, but kept the tone in favor. Emerging Market Currencies Under Pressure As Treasury Yields Rise. USD / MXN fell in the Asian session to 20.05, the lowest level since mid-February. After which a rebound began that extended to 20.22, matching Thursday’s high. It is trading at 20.15, in […]
EUR / USD falls to daily lows near 1.1870
EUR / USD loses control and falls back to daily lows. The dollar remains offered and pushes the DXY to new highs. The single currency continues to be offered until now and is now dragging the EUR/USD to new daily lows in the region of 1.1870. EUR / USD weaker to buy USD EUR / […]
USD / CAD Updates Session Lows Following Upbeat Canadian Jobs Data
USD / CAD struggled to capitalize on its positive intraday move past 1.2600. The loonie gained strong momentum following the release of stellar Canadian employment details. The rally in US bond yields, the stronger USD and weaker oil prices could help limit the decline. The pair USD / CAD It fell around 30-40 pips during […]
Bears now expect a break below the 100-day SMA support
Resurgent USD demand sparked some aggressive selling around GBP / USD on Friday. The strong intraday decline managed to stagnate near the 100 DMA, around the 1.3670 region. The setup still favors bearish traders and supports the outlook for further weakness. The pair GBP/USD witnessed some aggressive selling on the last trading day of the […]
EUR / JPY bounces away from lows and returns to return to 130.50
EUR / JPY moved away from lows in the 130.00 area. Rising US yields put the yen under further selling pressure. US producer prices will take center stage later in the session. The weakening tone surrounding the Japanese yen raises the EUR/JPY to the area of ​​daily highs around 130.45 / 50. EUR / JPY […]
USD / JPY rises above 109.50 as US bond yields rise.
USD / JPY is recovering after Thursday’s sharp decline. The yield on 10-year US Treasuries rises more than 3% on Friday. USD / JPY fell to its lowest level in more than two weeks at 109.00 on Thursday, but is recovering on Friday. It is trading at 109.73, the highest level of the day, up […]
EUR / GBP targets 0.8732 after closing above 0.8643 / 65 – Credit Suisse
EUR / GBP has closed above the key resistance of 0.8643 / 65, which is a bullish sign of continuity, Credit Suisse analysts say. They see EUR / GBP extending the rally towards 0.8732 initially. Key statements: “While we would expect to see a weekly close above the key resistance at 0.8643 / 65, our […]
