EUR / USD looks for a break below 1.1700 as USD strengthens alongside rising Treasury yields. Vaccine problems and the increase in covid cases in Europe continue to put pressure on the euro. Hopes that US infrastructure stimulus will keep yields underpinned, the focus is on the eurozone CPI and Biden’s speech. EUR / USD […]
Tag: Foreign exchange
USD / CAD appears to post the highest daily close in three weeks near 1.2640
USD / CAD is posting strong daily gains on Tuesday. WTI is losing almost 2% after Monday’s rally. The US Dollar Index stabilizes around 93.30 following a performance-inspired rally. The pair USD / CAD it rose to its highest level since March 10 at 1.2647 on Tuesday and appears to have entered a consolidation phase […]
AUD / USD falls to fresh daily lows below 0.7600 on constant USD strength
AUD / USD is still on track to close the second day in a row bearish. The US dollar index rose to new multi-month highs on Tuesday. The major Wall Street indices are trading in negative territory. The pair AUD/USD it extended its daily decline during US trading hours and hit a session low of […]
GBP / USD drops to lows of 1.3750
Initial resistance in GBP / USD has faded in recent trading, with a stronger dollar pushing the pair to the low of 1.3750. Higher yields and strong data are helping the dollar, but sterling is holding up better than some G10 currencies. The initial resistance of the GBP/USD (the pair was holding above 1.3750 at […]
USD / CHF reaches its highest level since July, targeting 0.9460
The DXY remains above 93.00 even as US yields drift away from highs. USD / CHF is heading towards the highest close since July 16, 2020. The USD/CHF it rose further after the start of the US session and peaked at 0.9438, the highest level since mid-July. The pair remains firm above 0.9400, poised to […]
USD / CAD rises to its highest level in almost three weeks above 1.2630
The US dollar is rising across the board thanks to higher returns. USD / CAD is still bullish, looking at 1.2650. The USD / CAD It broke above 1.2625 and rose to 1.2646, reaching the highest level since March 10. The pair then pulled back modestly, and is hovering around 1.2630, on the verge of […]
NZD / USD bearish below 0.7000 amid widespread USD strength
The NZD / USD witnessed an intraday trend reversal from the week-long highs amid a sustained buy in the USD. The optimistic US economic outlook, rising US bond yields, and softer risk tone benefited the USD. The pair NZD / USD it remained depressed throughout the early American session and was last seen hovering near […]
It remains vulnerable below the 100 hourly SMA around the 0.7600 level
AUD / USD is struggling to hold intraday gains at week-long highs amid a sustained buy in the USD. The weakness below the 0.7600 level will now be seen as a new trigger for the bears. The AUD / USD pair is extending its intraday retracement decline from the one-week highs and has fallen to […]
EUR / USD loses control and approaches 1.1700
EUR / USD is losing ground and is trading near 1.1700. Rising US yields continue to support the dollar on Tuesday. The German flash CPI was up 0.5% month-on-month and 1.7% year-on-year. Greater selling pressure hurts the single currency and drags the EUR/USD closer to 1.1700 following the American open on Tuesday. EUR / USD […]
AUD / USD continues to test support at 0.7600
The dollar strengthens throughout the market as yields rise. AUD / USD cuts upward correction, remains above 0.7600. The AUD / USD continues to test the 0.7600 area, where the lows of the day are in the face of a general rise in the dollar in the market. The greenback is favored by the advance […]
