Softer risk sentiment benefited the safe-haven USD and put some pressure on the AUD / USD. The drop remained supported after the RBA announced its monetary policy decision. The RBA left the interest rate target unchanged at 0.10% and sounded a bit optimistic. The pair AUD/USD it has bounced around 25 pips and recovered from […]
Tag: Foreign exchange
The rise seems limited around 1.1870 – UOB
UOB Group currency strategists note that EUR / USD bullish momentum remains capped so far by the 1.1870 level. Key Comments: 24 hour view: “The strong rise of the EUR / USD to a high of 1.1819 was a surprise. The rapid advance has room to extend, but in view of already overbought conditions, the […]
GBP / USD rallies back to 1.3900 as USD stumbles across the board
GBP / USD has recovered above its 21- and 50-day moving averages, which sit just below 1.3850. The pair is now back at 1.3900 with the GBP one of the best performing G10 currencies on the day. Reopening optimism is helping the British pound, and the prime minister is expected to announce that the country […]
EUR / USD stabilizes above 1.1800 after updating 12-day highs
EUR / USD starts the new week on a firm footing. The USD struggles to find demand as risk flows continue to dominate the markets. The US ISM Services PMI posted its highest reading in March. The pair EUR/USD It fluctuated in a tight range around 1.1750 in the first half of the day on […]
AUD / USD rises to fresh six-day highs above 0.7650 as USD selloff continues
AUD / USD is still on track to post strong gains on Monday. The US dollar index lost traction in the US session. The main Wall Street indices rise sharply after the release of optimistic data from the US. After staying relatively quiet around 0.7600 in the first half of the day, the pair AUD/USD […]
Unable to stay above 153.30, bullish pressure wanes
The pound hits new two-year highs against the yen and retreats. GBP / JPY remains bullish but shows some signs of exhaustion. The GBP/JPY it rose to 153.35, hitting a new two-year high. The cross then retraced below 153.20 and the bullish pressure eased. The pound should stay above 153.25 / 30 to clear the […]
USD / CAD hits two-week lows near 1.2500
USD / CAD falls to test the 1.2500 level as the US dollar weakens. Wall Street is skyrocketing, reaching new all-time highs. The USD / CAD is falling on Monday amid a weaker US dollar. The pair recently fell to 1.2506, hitting its lowest level in two weeks. It remains near the lows with the […]
EUR / USD recovers to 1.1800 as USD declines after a series of strong data
EUR / USD has rallied back to 1.1800 from initial levels below 1.1750. The pair is being driven by widespread USD weakness, which comes despite strong US data release. The EUR/USD It has been firmly in the lead for the past few hours, rebounding from below 1.1750 before the arrival of US market participants to […]
Plummets to support 200 hourly SMA near 110.00
A broad-based USD weakness sent USD / JPY down on Monday. The setup still favors the bulls and supports the outlook for some buying to emerge on the dips. The 109.00 level should now act as a solid base and key point for bullish traders. The pair USD/JPY It fell to four-day lows during the […]
DXY heads to weekly lows, around 92.65
The prevailing risk appetite dragged the DXY to week-long lows on the first day of the week. Falling along a downtrend channel constitutes the formation of a bullish pennant. The bullish oscillators on the daily chart add credibility to the constructive setup. The US Dollar Index (DXY) it maintained its offered pitch during the first […]
