AUD / USD manages to find some support near the 0.7600 level and is moving higher on Thursday. The previous day’s break below the 200 hourly SMA and the support of the ascending channel favors the bears. The pair remains vulnerable to retesting the yearly lows before finally falling below 0.7500. The AUD / USD […]
Tag: Foreign exchange
Corrects from one-month highs, upside potential is intact
The EUR / GBP is witnessing some selling on Thursday and returns a part of the strong bullish movement of the previous day. The sustained breaking of a bullish descending wedge supports the prospects for additional short-term gains. The declines could still be seen as a buying opportunity and remain limited near the 0.8600 support […]
Expectations for a further drop rise – UOB
In the opinion of the currency strategists at UOB Group, USD / JPY could fall to the 109.00 region in the short term. Key Comments: 24 hour view: “We highlighted yesterday that ‘there is room for USD / JPY weakness to first test 109.55 before stabilization can be expected.’ Subsequently, USD / JPY fell to […]
The rebound could extend to the 1.1945 level – UOB
The currency strategists of the UOB Group see that the recovery of the EUR / USD could revisit the 1.1950 region In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘strong bullish momentum may’ nullify ‘current overbought conditions, although a sustained rise above 1.1915 is unlikely.’ Our view was not wrong […]
GBP / USD targets a test of last week’s lows just above 1.3700
GBP / USD has fallen to 1.3725 and is considering a test of last week’s lows just above 1.3700. A broader rally in the US dollar in recent trade is weighing on the pair. The GBP/USD it has fallen back to fresh lows for the day in recent trading at 1.3725, weighed down amid a […]
EUR / USD loses steam at 1.1900, declines returning below 200 DMA
EUR / USD has been retreating from highs at 1.1910 and has now fallen back to around 1.1875. The FOMC Minutes and Biden’s comments on infrastructure have failed to inject any direction into the market. The EUR/USD has been retreating from the highs at 1.1910 in recent hours and, as the US session draws to […]
AUD / USD struggles to make a convincing bounce, remains bearish near 0.7620
AUD / USD is still on track to close in negative territory. The US Dollar Index remains flat around 92.30. Investors wait for the FOMC to release the minutes of the March meeting. After falling towards 0.7600 during European trading hours, the pair AUD/USD it recovered modestly but lost its traction, once again, around 0.7650. […]
EUR / USD retraces from two-week highs below 1.1900 before the FOMC Minutes
The euro cuts gains against the US dollar, remains strong against the British pound. The FOMC Minutes will be published at 18:00 GMT. The EUR/USD It rose earlier to 1.1915, the highest level in two weeks, but failed to stay above 1.1900 and fell back to 1.1880. Market participants await the publication of the Minutes […]
USD / JPY trapped within a tight range of 109.60-109.90 awaiting the FOMC
The USD / JPY has moved sideways within a tight range of 109.60 – 109.00. Markets are looking forward to the release of the FOMC Minutes from the March meeting to find direction. The USD/JPY It has been moving sideways for the most part since the start of the Asia Pacific session on Wednesday. The […]
The correction is likely to continue below 151.00
GBP / JPY further corrects to 150.78, the lowest level in a week. It bounces back above 151.00 again, easing downward pressure. The GBP/JPY It fell further from multi-year highs above 153.50 and bottomed Wednesday at 150.78, the lowest level in a week. The four-hour chart is still pointing to the downside, however bearish pressure […]
