EUR / USD alternates gains with losses above the 1.17 level. The latest manufacturing PMIs for March will draw investors’ attention. ISM’s Manufacturing PMI and Initial Jobless Claims Highlight on the US Economic Calendar. The EUR/USD it moves within a narrow range around the 1.1730 region in the second half of the week. EUR / […]
Tag: Foreign exchange
Challenges the support of the 50 hourly SMA amid a bearish crossover
GBP / USD flirts with key support at the 50 hourly SMA at 1.3758. The 1 hour chart paints a bearish picture for GBP / USD. The bearish crossover of the 100 and 200 hourly SMAs supports the scenario of further declines. After an impressive rally seen on Wednesday, sellers have returned ahead of the […]
DXY US Dollar Index Resumes Rise Above 93.00 Level
The DXY index leaves Wednesday’s decline behind and regains the 93.30 area. US yields are down a bit, but remain above 1.70%. Initial jobless claims, ISM Manufacturing PMI, and final PMi stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
USD / JPY recovers above 110.70 as Treasury yields rally
USD / JPY remains on track to close the sixth day in a row in positive territory.The US dollar index erased much of the daily losses at the end of the US session.The 10-year US Treasury yield is up nearly 2% on the day. The USD / JPY pair extended its rally to a new […]
USD / CAD recovers modestly from weekly lows, stabilizes around 1.2570
USD / CAD fell to a new weekly low below 1.2540 on Wednesday.The US dollar index falls towards 93.00 during the American session.The Canadian economy grew more than expected in January. The USD / CAD pair remained relatively quiet around 1.2600 for the first half of the day, but was under heavy downward pressure in […]
AUD / USD retreats, falls towards 0.7600
The Australian dollar cuts gains against the US dollar in a mixed Wall Street. The greenback picks up some momentum even as US yields remain near daily lows. The AUD/USD It peaked at 0.7636 in the early hours of the US session, but quickly turned back towards 0.7600. The move came as some Wall Street […]
EUR / GBP tests multi-month lows above 0.8500 as France heads toward national lockdown
EUR / GBP is testing this week’s multi-month lows around the 0.8510 area. French President Macron, speaking at 19:00 BST, may tighten the restrictions again by implementing a new national blockade. The EUR/GBP it is testing this week’s multi-month lows around the 0.8510 area. The pair has fallen a modest 10 pips or around 0.15% […]
Falls to one-week lows, around 1.2550
USD / CAD added to its intraday losses and fell to week-long lows in the last hour. A convincing break below the 1.2600 confluent support compounded the bearish pressure. The oversold RSI on the 1 hour chart deserves some caution before placing new bearish bets. The pair USD / CAD witnessed strong selling during the […]
EUR / USD is under pressure near 1.1750
EUR / USD is down from daily highs near 1.1750 on Wednesday. The EMU flash CPI stood at 0.9% MoM, 1.3% YoY in March. The US ADP report disappointing expectations of 517,000 last month. After hitting daily highs near 1.1750, the EUR/USD it encountered some selling pressure and is now back at the 1.1720 zone, […]
USD / TRY finds some resistance at the 8.4000 area
The USD / TRY rally lost steam before 8.4000. CBRT’s Kavcioglu advocated a tight monetary stance for now. The one-week buyback rate will be the main monetary policy tool. The Turkish lira depreciated to around 8.4000 against the dollar during early trading, although it regained some composure afterwards and dragged the USD/TRY to the current […]
