USD / TRY maintains gains around the 8.1500 level on Tuesday. Weekly support so far emerged just below 8.1000. Inflation in Turkey rose again in March. The Turkish lira loses part of Monday’s gains and pushes the USD/TRY to the 8.15 / 16 area, where it encountered some resistance on Tuesday. USD/TRYÂ atento al CBRT USD […]
Tag: Foreign exchange
USD / CHF falls to fresh two-week lows near 0.9350 despite renewed USD weakness
USD / CHF was under moderate pressure early in the US session. Falling US Treasury yields weigh on the USD. The major Wall Street indices appear to open modestly lower. After spending most of the day in a tight range below 0.9400, the USD/CHF it was under modest downward pressure early in the US session […]
USD / JPY falls to week-long lows, below 110.00 amid falling US bond yields
USD / JPY fell more than 50 pips from daily highs amid new USD sell bias. The decline in US bond yields appeared to be the only factor weighing on the dollar. The optimistic US economic outlook should help limit any further decline for the pair. The pair USD/JPY it updated daily lows during the […]
USD / MXN continues to test 20.20 / 25, the Mexican peso remains firm
Mexican peso advances against the dollar, remains in recent range. USD / MXN continues to press with the support at 20.20 / 25. The The Mexican peso and several of the emerging market currencies continue with a bullish tone against the dollar, mainly supported by the good climate in the stock markets. Wall Street set […]
GBP / USD flirts with session lows around 1.3825-20 amid notable USD demand
A good recovery in USD demand sparked further selling around GBP / USD on Tuesday. The optimistic US economic outlook and a softer risk tone boosted some safe-haven flows to the USD. The decline in US bond yields did little to constrain the dollar amid expectations of a rate hike from the Fed. The pair […]
AUD / USD rallies modestly before testing 0.7600, remains bearish
AUD / USD erased a large chunk of Monday’s gains. The RBA left the monetary policy setup unchanged as expected. The US Dollar Index recovers as US Stock Index futures trade in negative territory. After hitting its highest level in five days at 0.7661 on Monday, the pair AUD/USD It struggled to preserve its bullish […]
USD / CAD advances to new daily highs above 1.2550
USD / CAD reversed its direction after posting losses on Monday. Crude oil performance does not appear to have a significant impact on CAD. The US dollar index rises ahead of the release of mid-level data. The pair USD / CAD It lost more than 50 pips on Monday as the dollar came under heavy […]
USD / JPY targets 112.2 / 40, April 2019 and February 2020 highs – Commerzbank
USD / JPY has hit one-year highs and the pair is targeting April 2019 and February 2020 highs at 112.23 / 40, notes Karen Jones of Commerzbank Research. Key statements: “USD / JPY has risen to one-year highs, but appears to be stagnant ahead of the October 2018 low and February 2019 high at 111.13 […]
Next target in case of more raises is 1.1875, the 200-day average
EUR / USD is looking to extend the bull run above the 1.1800 zone. Additional gains are likely to break above the 200 day SMA at 1.1875. EUR / USD bullish momentum appears to have faltered around the 1.1820 / 25 band on Tuesday. Despite the rebound seen at the beginning of the week, it […]
Decent support appears at the 200-day average
The recent weakness in DXY faced a containment zone near 92.40. A break below could lead to more losses in the short term. The decline in the US dollar index (DXY) on Monday stopped just before the critical 200-day simple moving average at the 92.40 region. As long as it is above this area, the […]
