A modest USD pullback helped GBP / USD regain positive traction on Monday. The momentum pushed the pair to resistance marked by the 61.8% Fibonacci level. The RSI on the hourly charts warrants some caution before placing aggressive bull bets. Intraday USD selling accelerated ahead of the North American session and pushed the pair GBP/USD […]
Tag: Foreign exchange
EUR / USD bounces and rises to new highs above 1.1780
Euro regains strength and is approaching last week’s highs against the dollar. The dollar falls before rises in the bags. The EUR / USD extended the bounce from the 1.1735 area and climbed to 1.1783 peaking for the day and less than five pips from Friday’s peak. The rise was motivated by the weakness of […]
USD / MXN falls to lows in a month and a half below 20.30
Emerging currencies advance against the dollar driven by optimism in the stock markets. USD / MXN at the relevant support level, and at the 100-day average. USD / MXN is falling modestly on Monday after the pair failed to sustain gains. The price fell to 20.22, reaching the lowest level since February 18. It remains […]
EUR / USD remains confined to a range, lateralized around 1.1750
EUR / USD witnessed moderate / in-range price action on the first day of a new week. Concerns about the third wave of COVID-19 infections weighed on the common currency. The bullish market mood undermined the safe-haven dollar and helped limit the slide. The pair EUR/USD it balanced between tepid gains / minor losses throughout […]
USD / CAD falls to fresh daily lows below 1.2550 despite falling crude prices
USD / CAD was under modest downward pressure in the European session. WTI is losing more than 1% on Monday, trading above $ 60. The US dollar index records small daily losses ahead of the PMI data. The pair USD / CAD it closed the prior week practically unchanged and continued to fluctuate in a […]
AUD / USD makes new highs near 0.7630
It raises in the bags and slight retreat of the dollar drives the AUD / USD. Ahead: US service sector data and factory orders; and then RBA. AUD / USD found support above 0.7600 and bounced to 0.7628, marking a new high for the day. The impulse came on the side of the rise in […]
EUR / JPY retraces below 130.00
Weakened euro, puts downward pressure on EUR / JPY. The cross corrects after hitting a two-week high on Friday. EUR / JPY is retreating on Monday, continuing the pullback from two-week highs reached on Friday.. The price fell below 130.00 and bottomed out at 129.82. It remains close to the lows, with a bearish bias. […]
GBP / USD rises to two-week highs above 1.3850
GBP / USD gained momentum and broke the important resistance at 1.3850. The dollar with mixed results, DXY around 93.00 supported by the fall of the EUR / USD. GBP / USD found support above 1.3810 and rebounded strongly, breaking the 1.3850 barrier, climbing to 1.3868, the highest level since March 22nd. It has remained […]
EUR / USD retreats towards 1.1750 zone after NFP
EUR / USD regains traction to the downside near 1.1750. US nonfarm payrolls surprised to the upside in March. The US unemployment rate fell to 6.0% last month. The common currency remains on the defensive and leads the EUR / USD pair to give up some ground and revisit the region e 1.1750 good Friday. […]
AUD / USD retreats lower towards 0.7600
AUD / USD is under modest bearish pressure early in the American session. The US Dollar DXY Index turns positive on the day above 93.00. Impressive US jobs report provides boost to Treasury yields. The pair AUD / USD is pushing lower at the start of the American session on Friday, with the USD gaining […]
