It appears that the markets are already entering holiday mode, with the movement in the major currency pairs coming to a standstill. EUR / USD is currently consolidating near 1.1770, just below the session highs of 1.1780. USD weakness due to lower US government bond yields was the main driver for the pair on Thursday. […]
Tag: Foreign exchange
USD / CAD flirting with its 21 DMA as the loonie struggles to gain traction
USD / CAD is currently flirting with its 21-day moving average at 1.2560. The loonie is one of the worst performing G10 currencies in the session, despite decent data. The USD / CAD It is currently flirting with its 21-day moving average at 1.2560. The loonie has been unable to take full advantage of the […]
USD / JPY falls towards 110.50 as US Treasury yields continue to push lower
USD / JPY is still on track to break its six-day winning streak. The US Dollar Index fell below 93.00 on Thursday. The 10-year US Treasury yield is losing more than 3%. After climbing towards 111.00 earlier in the day, the pair USD/JPY turned south during US hours of operation and hit a daily low […]
GBP / JPY Price Analysis: Testing 153.00
GBP / JPY resumes the uptrend above 152.00. Pricehits cycle high at 153.07 then retrace modestly, bullish momentum intact. The GBP/JPY it rose to 153.07, reaching the highest level since 2018. After a downward correction, it resumed upward. The bullish tone remains intact and further gains appear likely. You need to break out of the […]
EUR / USD Extends Recovery Above 1.1750 As US Dollar Declines
The DXY extends losses below 93.00 amid risk appetite and falling yields. EUR / USD gains for the second day in a row, outside of multi-month lows. The EUR/USD It fell back to 1.1735 after the release of the US data and resumed the move up. It recently hit 1.1775, the highest level since the […]
AUD / USD on new daily highs above 0.7600
DXY falls across the board amid declining returns and risk appetite. AUD / USD recovers further from multi-month lows. The AUD/USD It bottomed Thursday at 0.7531, the lowest level in three months, and then rallied abruptly. After the start of the US session, it rose even higher and reached a new daily high at 0.7607. […]
EUR / GBP falls below 0.8500 for the first time since February 2020
EUR / GBP fell into negative territory for the third consecutive session on Thursday. A sudden spike in demand for the British pound was seen as a key pressing factor. Oversold conditions warrant some caution before positioning for a further depreciation move. The crossing EUR/GBP It fell to more than a year lows during the […]
EUR / USD signs near 1.1760, new two-day highs
EUR / USD gains strength and advances to 1.1760. The dollar loses additional ground as US yields fall. The selloff for the single currency remains strong and pushes EUR / USD to new daily highs at the 1.1760 zone on Thursday. EUR / USD rises due to the weakness of the dollar The EUR / […]
US dollar index weakened, defies 93.00 level
DXY is moving down to near 93.00. Initial US claims increased to 714,000 over the past week. The US Dollar Index (DXY), which measures the dollar against a basket of its main rivals, remains on the defensive and closer to key support at 93.00. US dollar index offered by falling yields The index lost ground […]
USD / CAD moves away from daily highs as USD is under modest selling pressure
USD / CAD is declining even more early in the US session. The US dollar index fell back to 93.00 amid falling US Treasury yields. Rising oil prices help the CAD gain traction against its rivals. The pair USD / CAD It began to push lower early in the US session on Thursday and was […]
