EUR / JPY is trading very close to this year’s highs. Above it appears the area of ​​131.00. EUR / JPY advanced even further, approaching the 2021 highs near 130.70 on Wednesday. The recovery remains healthy and an attempt to test the 2021 high at 130.66 (March 18 high) looks increasingly likely in the near […]
Tag: Foreign exchange
EUR / GBP climbs to 0.8625, continuing the rebound
Euro rises against the pound for the second day in a row, continues to recover from lows in one year. EUR / GBP is trading around 0.8600, clinging to Monday’s gains. EUR / GBP extended the bullish run and it rose to 0.8625, the highest level since March 25. After this it fell back and […]
USD / JPY clings to gains near daily highs just below the 110.00 level
A combination of factors helps the USD / JPY make a modest bounce from the one-week lows. The underlying bullish sentiment weighs on the safe-haven JPY and remains supportive for the pair. A modest rally in the USD provides additional boost, although falling US bond yields limit gains. The pair USD/JPY It has built on […]
US dollar DXY index clings to gains around 92.30 ahead of FOMC
The DXY index is trading within a narrow range around 92.30. US yields extend the slide below the 1.65% level. The FOMC minutes will focus the attention of investors during the American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, trades within a narrow […]
Knot says there are good reasons to expect a strong recovery in the second half of 2021
The president of the Dutch central bank and legislator of the European Central Bank (ECB), Klaas Knot, has told Reuters in an interview that the eurozone economy is on the way to a solid recovery in the second half of the year. This could allow the ECB to begin phasing out its emergency bond purchases […]
Bears challenge two-week trendline support near 1.3770
GBP / USD extends the losses of the previous day and loses some additional ground on Wednesday. The intraday decline, for now, has found some support near a short-term uptrend line. The setup favors the bears and supports the prospects for a decline to the 1.3700 level. The GBP / USD pair has extended the […]
AUD / USD retraces from two-week highs and dips below 0.7650
AUD / USD is witnessing an intraday turn of around 40 pips from the two-week highs. A modest pickup in demand for the USD is considered a key factor putting some pressure on the pair. Repeated failures at higher levels support prospects for a further short-term decline. The pair AUD / USD is down nearly […]
USD / CAD rises to one-week highs above the 1.2600 level
USD / CAD gains traction for the second day in a row on Wednesday. A modest rally in US bond yields and a softer risk tone benefits the USD. Moderate oil prices do little to influence the CAD or provide any boost. The pair USD / CAD moves higher at the start of the European […]
EUR / USD: Open Door to Additional Profits – UOB
In the opinion of the UOB Group currency strategists, the EUR / USD could retest the 1.1945 level in the coming weeks. Key comments. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
Tuesday’s close below key support at 1.3850 keeps bears hopeful
GBP / USD confirmed the breaking of a descending wedge on the daily chart last Friday. Strong resistance at 1.3850 challenges bullish engagement. The RSI turned bearish on Easter Monday, what awaits us? GBP / USD is licking its wounds after falling towards the 1.3800 region amid repositioning trades. GBP / USD managed to defend […]
