The NZD / USD is falling sharply after closing in positive territory on Monday. The US dollar DXY index posted a modest rally on Tuesday. S&P 500 futures are moving lower after hitting all-time highs. The pair NZD / USD It started the new week on a firm note and posted its highest daily close […]
Tag: Foreign exchange
Upwards appears the maximum of 2021
EUR / JPY is moving higher towards the 130.00 zone. The 2021 highs in the 130.65 / 70 band emerge as the next hurdle. EUR / JPY reverses recent weakness and manages to climb past the key 1300.00 barrier. The recovery remains healthy and an attempt to test the 2021 high at 130.66 (March 18 […]
EUR / USD stable near 1.1800, and weekly highs
Rises of the euro against the dollar slow down in the zone of 1.1825 Data: The Eurozone Sentix index improved to 13.1 in April. Ahead: US Job Announcement and Business Optimism Index The EUR / USD is trading sideways in a small range on Tuesday, near the 1.1800 zone. The price climbed to 1.1821, the […]
EUR / GBP recovers to one-week highs and approaches the 0.8550 level
EUR / GBP is witnessing strong intraday short hedging movement from lows of more than a year. News that the EU could hit the vaccination target earlier than expected propels the euro. A modest pickup in USD demand weighs on the GBP and supports the positive move in the pair. The crossing EUR/GBP has captured […]
AUD / USD falls to new daily lows and approaches the 0.7600 level
A modest pickup in USD demand triggers some selling around AUD / USD on Tuesday. The optimistic US economic outlook and softer risk tone offer support to the safe-haven USD. The fall in US bond yields limits the rise of the USD and helps limit the pair’s losses, at least for now. The pair AUD/USD […]
USD / CAD climbs to daily highs around 1.2550 amid a rebound in USD demand
A good recovery in USD demand helps USD / CAD to recover from the two-week lows. The optimistic US economic outlook and softer risk tone benefit the safe-haven USD. A rebound in crude oil prices benefits the CAD and could limit the pair’s rise. The pair USD / CAD moves higher during the European session […]
USD / JPY risks falling back towards 109.50 – UOB
UOB Group currency strategists note that the USD / JPY could fall back to the 109.50 zone in the short term. Key Comments: 24 hour view: “Our expectation of ‘more sideways moves’ in USD / JPY was incorrect, as it fell to a low of 109.95 the day before. The rapid decline seems exaggerated and […]
GBP / USD retraces from two-week highs and falls below 1.3850 on renewed USD strength
GBP / USD is witnessing an intraday trend reversal from the two-week highs amid a modest rally in the USD. The optimistic US economic outlook and a softer risk tone boost some cash flows into the safe-haven USD. Rising expectations of an earlier-than-expected Fed rate hike support prospects for further gains in the USD. The […]
US Dollar DXY Index Regains Ground, Retesting 92.70 Region
The DXY index reverses Monday’s moderate retracement and retests the 92.70 / 75 region. US 10-year yields recover from lows near 1.68%. Today the IBD / TIPP index, JOLTs job postings and the API report are released. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
GBP / USD Faces Additional Short-Term Gains – UOB
The rise in par GBP / USD will continue to gain ground in the coming weeks, as suggested by the currency strategists at UOB Group. Key Comments: 24 hour view: “While we expected GBP / USD to strengthen yesterday, we are of the opinion that ‘1.3900 is not expected to enter the scene.’ However, the […]
