The DXY is with consolidation tours at the lower limit of the recent range. Immediately to the downside appears the zone of 92.00. The US dollar index (DXY) extends the weekly leg lower, although even unable to break below the 92.00 zone. If this last level is lost, the doors should be opened to more […]
Tag: Foreign exchange
EUR / USD will target 1.1950 from breaking 1.1889 – Credit Suisse
EUR / USD strength has stalled, as expected, at its 200-day average at 1.1889, Credit Suisse analysts say. He sees that further consolidation should be allowed in the near term, and they warn that a breakout in due course may expose the 38.2% retracement of the entire first quarter decline at 1.1950. Key statements: “EUR […]
The chances of more raises are still on the table
EUR / JPY dampens the move to new 2021 highs around 130.70. Next bullish target at 131.00. EUR / JPY is correcting lower after hitting new yearly highs in the vicinity of 130.70 on Wednesday. The recovery remains healthy and a breakthrough to this year’s peaks should put the 131.00 level back on the radar. […]
NZD / USD to extend its downward correction from breaking below 0.6945 – Westpac
Westpac economists warn that the momentum of the New Zealand economy has slowed and there are also restrictions in the housing market. They estimate that a break below the 0.6945 level in the NZD / USD would lead to further declines in the price. Key statements: “NZD / USD’s downward correction from February 25 high […]
USD / JPY marks a week and a half lows below 109.50
Yen gains momentum in the market due to stability in the stock markets and fall in bond yields. The DXY is barely trading in negative territory, below 92.50. The USD / JPY is trading around 109.50, the lowest level since March 29. The price resumed its downward correction after the pause on Wednesday. It fell […]
EUR / USD remains positive near 1.1880 ahead of the ECB
The EUR / USD flirts with the 200-day SMA around 1.1880. The ECB will publish the minutes of its March meeting. Powell’s speech and initial US jobless claims stand out on the economic calendar today. The common currency recovers the smile and motivates the EUR / USD pair to stay close to the zone of […]
GBP / USD returns initial gains and falls to new daily lows near the 1.3720 level
GBP / USD is struggling to capitalize on its positive intraday move despite a weaker USD. Concerns about the disruption of the UK launch of the vaccine weigh on the British pound. The technical setup favors the prospects for a retest of the multi-week lows near the 1.3670 area. The pair GBP/USD has returned the […]
US dollar DXY index down near 92.30
The DXY index returns Wednesday’s rally and resumes the decline. US 10-year yields consolidate below the 1.70% level so far. Initial US jobless claims and Powell’s speech stagnate on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, returns to negative territory around […]
Rehn says it is better to maintain an accommodative policy
Speaking to CNBC this Thursday, the member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said that inflation threatens to remain too slow in the euro zone. Additional comments: Is better keep the policy accommodative. It is time to rethink our monetary policy strategy. And positive side effects of the US […]
GBP / USD risks falling to 1.3670 – UOB
The pair GBP / USD faces a possible move to the 1.3670 level in the short term, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Although we expected GBP / USDD to weaken yesterday, we are of the opinion that ‘the next support at 1.3750 is unlikely to be threatened.’ The ease […]
