The strong rally in EUR / GBP has continued for the second day, with the pair now flirting with its 50 DMA at 0.8645. EUR / GBP is now in its best week since early September 2020 and is up about 1.8%. The EUR/GBP it continued to correct sharply higher on Wednesday and managed to […]
Tag: Foreign exchange
USD / MXN remains in a zone of lows in a month and a half near 20.00
The Mexican peso maintains its firm tone against the dollar. USD / MXN continues bearish bias, paused on Wednesday. The USD / MXN fell to 20.13, the lowest level since February 17. It bounced on Wednesday but was unable to break above the 20.25 zone and is trading at 20.19, with the bearish bias intact. […]
GBP / USD falls to 1.3750 amid renewed USD strength
GBP / USD came under bearish pressure in the first US session. The US dollar index turned positive on the day above 92.30. The yield on 10-year US Treasuries has risen 1% on the day. After fluctuating around 1.3800, the pair GBP/USD it lost its traction early in the US session and hit a fresh […]
EUR / JPY defies 2021 highs around 130.60, watch out for FOMC
EUR / JPY pushes higher and tests the 130.60 / 70 zone. The weaker dollar fuels the best mood in the risk space. The FOMC Minutes will dictate market sentiment later in the session. The bias offered continues to weigh on the dollar and contributes to the bullish momentum in EUR/JPY close to yearly highs […]
USD / CAD clings to gains above 1.2600
USD / CAD is rising for the second day in a row on Wednesday. The US dollar index turns positive above 92.30 at the beginning of the American session. The yield on 10-year US Treasuries increased 1% before the FOMC Minutes. The pair USD / CAD it managed to post modest gains on Tuesday and […]
NZD / USD declines below 0.7050
The NZD / USD is declining during the European session on Wednesday. The US Dollar Index remains relatively quiet above 92.20. The 10-year US Treasury yield is posting small gains ahead of the FOMC Minutes. The pair NZD / USD it declined on Tuesday but managed to rebound during US trading hours before closing virtually […]
GBP / USD recovers intraday losses, lateralized above 1.3800 ahead of FOMC Minutes
GBP / USD witnessed some intraday selling for the second consecutive session on Wednesday. The decline was sponsored by a cross weakness derived from the EUR / GBP. Falling US bond yields undercut the dollar and helped limit losses before the FOMV Minutes. The pair GBP/USD it rallied around 40-50 pips from weekly lows, although […]
More bullish breaks, would target 1.1980 / 90
EUR / USD extends the bull run to a zone close to 1.1900. The 1.1980 / 90 band emerges as the next target of relevance. The strong rally in EUR / USD is testing the key 200-day SMA at the 1.1880 region on Wednesday. Buyers appear to have returned to the market, pushing the pair […]
More losses would lead to a test at 91.30
The DXY remains offered with risks of extending the pullback in the short term. There is intermediate support at the 50-day SMA at 91.45. The US Dollar Index (DXY) remains on the defensive so far this week and threatens to break below the key 200-day SMA. A sustainable drop below the latter should open the […]
AUD / USD retraces from two-week highs to 0.7620 zone
The AUD / USD lost momentum and undertook a pullback in the European session. The DXY tries to make up lost ground. Ahead: US foreign trade data and Fed minutes. AUD / USD closed the first two days of the week in positive territory supported by the dollar’s downward correction throughout the market. On Wednesday […]
