AUD / USD took a 180 degree turn after falling towards 0.7600. The US dollar index fell to fresh two-week lows in the US session. The yield on 10-year US Treasuries fell more than 3% on Tuesday. The pair AUD/USD it came under modest downward pressure during European trading hours and fell towards 0.7600 before […]
Tag: Foreign exchange
EUR / USD rises to two-week highs above 1.1850 due to widespread USD weakness
EUR / USD remains on track to close for the second day in a row higher. The US dollar index turned south at the beginning of the US session. The 10-year US Treasury yield is shedding more than 2% on Tuesday. The pair EUR/USD it closed the first day of the week in positive territory […]
Strong correction, decline likely to extend
GBP / JPY broke key levels and fell, hitting lows below 152.00. The short-term outlook points to a deeper correction. The GBP/JPY it is declining sharply from the highest levels since 2018. After approaching 153.80, the pound rebounded lower. It broke below 152.80 (21 SMA on four-hour charts and horizontal support) and fell to 151.89, […]
USD / MXN falls below 20.20, the lowest level in six weeks
The Mexican peso among the top performers on Tuesday across the board. USD / MXN falls to the lowest level since mid-February. The USD/MXN it broke below 20.20 and bottomed at 20.14, the weakest in six weeks. It remains close to the ground, under pressure, while the Mexican peso strengthens across the board. An improvement […]
Intraday Positive Movement Stops Near 1.2575-80 Confluence Hurdle
The USD / CAD gained some positive traction on Tuesday and moved away from the two-week lows. Bullish oil prices, renewed USD sell bias limited the rise near 23.6% from the Fibonacci level. It takes a sustained break below 1.2500 to confirm a further bearish breakout. The pair USD / CAD it trimmed a portion […]
GBP / USD falls back near 1.3850 amid profit taking and position adjustments
GBP / USD has fallen from around 1.3900 to below 1.3850, with the British pound among the worst performing G10 currencies on the day. Technical weakness in the EUR / GBP and GBP / JPY crosses appears to be the main driver of the GBP / USD losses. The GBP/USD has receded from the levels […]
Recover intraday losses, bearish potential intact
AUD / USD made a good intraday rebound from around 0.7600. Falling US bond yields undercut the dollar and extended some support to the pair. The short-term technical setup still looks strongly tipped in favor of bearish traders. The pair AUD/USD it rallied around 30-35 pips from the neighborhood of 0.7600 and was last seen […]
EUR / JPY retraces from two-week highs and marks lows below 130.00
The yen gains momentum as yields on Treasury bonds fall. Euro finds support for the EUR / USD rally. EUR / JPY is trading around 130.00 after falling as low as 129.80. The price had previously climbed to 130.55, the highest level since March 18. A sharp decline in USD / JPY weakened EUR / […]
EUR / USD rises to daily highs around 1.1840
EUR / USD is trading at new 2-week highs near 1.1840. The dollar falls in response to falling yields in the United States. The EMU unemployment rate was unchanged at 8.3% in February. Buying interest around the European currency remains good and solid in the first half of the week and is now rising to […]
Clings to strong gains near week-long highs around 0.8550
A strong pickup in demand for the euro led to hedging intraday shorts around EUR / GBP. A sustained move beyond the 200 hourly SMA was also considered a trigger for intraday bullish traders. Overbought RSI on the 1 hour chart, bearish oscillators on the daily chart warrant some caution. The crossing EUR/GBP witnessed an […]
