GBP / JPY corrects further to 149.88, the lowest level since March 25. The recovery above 151.15 would ease the downward pressure. The GBP/JPY extended the slide from multi-year highs above 153.50 and fell to 149.88 on Thursday, the lowest level in two weeks. The four-hour chart points to the downside, particularly while holding below […]
Tag: Foreign exchange
EUR / GBP is trading upside at 0.8650 as sterling struggles continue
EUR / GBP continues to trade on a positive bias just below the month-long highs of 0.8650. The poor performance of the British pound comes despite reports that the UK will pass the Covid-19 herd immunity threshold next Monday. The EUR/GBP it continues to trade with a positive bias just below the one-month highs at […]
USD / TRY remains in a tight range around 8.1500
USD / TRY rises above 8,000. Decent support has emerged around 8.0000 so far. Investors remain very cautious ahead of the CBRT event. The Turkish lira is trading with small losses and boosts the USD/TRY to stay in the tight trading range around the 8.1500 zone on Thursday. USD / TRY centered on CBRT USD […]
USD / MXN continues to fall and approaches 20.00
Dollar continues to decline against emerging market currencies. Mexican peso at highs in almost two months against the dollar. USD / MXN resumed downward tracks after Wednesday’s pause, recently falling to 08.20, the lowest level since February 16. The price remains near the minimum, with the bearish tone intact, in a context of generalized rise […]
The positive view remains unchanged
EUR / USD resumes rally after Wednesday’s slide. The 1.1980 / 90 zone emerges as the next important target. Recovery in EUR/USD it remains good and solid despite Wednesday’s small pullback and retracement from fresh 2-week highs above 1.1900. Buyers seem to be in control of the market so far. A decisive breakout of the […]
USD / JPY extends slide to fresh two-week lows near 109.00
USD / JPY continues to push lower early in the US session. USD struggles to find demand after initial jobless claims data. The yield on the 10-year US Treasury is losing more than 1% on Thursday. The USD/JPY it extended its daily decline early in the US session and hit its lowest level in two […]
USD / CAD retraces below 1.2600 in a swinging session
The USD / CAD is struggling to make a decisive move in either direction. The US Dollar Index remains in negative territory below 92.30. WTI posts modest losses after closing the previous two trading days in green. After rising for two days in a row and hitting its highest level in a week at 1.2636 […]
EUR / JPY experiences strong downward correction, falls below 130.00 to lows in one week
Yen strong, pushing EUR / JPY sharply lower on Thursday. Price back to 20-day average, threatens further declines. EUR / JPY is having the steepest decline since mid-March. After testing the highs for the year on Wednesday above 130.50, the price is trading at 129.65, the lowest level since the end of March, and below […]
NZD / USD clings to modest daily gains around 0.7040
The NZD / USD registers a modest rally after Wednesday’s slide. The US Dollar DXY Index remains relatively quiet below 92.50. The focus shifts to mid-level US data and FOMC Chairman Jerome Powell’s speech. The pair NZD / USD It has moved slightly lower during the Asian session on Thursday, but managed to change direction […]
AUD / USD comfortably holds above 0.7600 level, lacks continuation
A softer tone around the USD helps AUD / USD regain traction on Thursday. A modest rally in US bond yields limits the USD’s slide and limits gains on the pair. The focus and attention on Wednesday will continue to be Fed Chairman Jerome Powell’s scheduled speech. The pair AUD/USD it is moving higher during […]
