The DXY index hits 2021 highs above the 93.00 level on Tuesday. Higher up, the November 2020 high is pointed to around 94.30. The DXY index extends the move to the upside and finally breaks above the round 93.00 level on Tuesday. Against this, a continuation of the uptrend seems likely on the short-term horizon. […]
Tag: Foreign exchange
The recovery continues to point to 130.00 and more
EUR / JPY reverses Monday’s decline and regains the 129.50 region. The 2021 highs near 130.70 appear as the next target. The EUR / JPY cross leaves Monday’s retracement behind and advances above the 129.00 level on Tuesday. The recovery appears firm and initially targets the intermediate hurdle at the 130.00 level, followed by the […]
Bearish Continuation Flag Pattern Spotted on the 1-Hour Chart
The NZD / USD has struggled to hold its intraday gains at the one-week highs. The formation of a flag pattern supports the prospects for further losses. The NZD / USD pair has returned a significant portion of its intraday gains to week-long highs and is trading in neutral territory, around the key psychological level […]
USD / CHF to new multi-month highs amid sustained USD buy
USD / CHF breaks out of its two-day range and rises to multi-month highs on Tuesday. The optimistic US economic outlook and rising US bond yields continue to prop up the dollar. A positive risk tone weighs on the safe haven CHF and provides an additional boost to the pair. The USD buying has been […]
AUD / USD falls to daily lows below the 0.7630 region
A positive sentiment benefits the AUD and helps the AUD / USD gain traction. Sustained buying around the USD limits any further gains and leads to some selling at higher levels. The optimistic US economic outlook and rising US bond yields continue to prop up the USD. The pair AUD / USD has returned all […]
EUR / USD falls to yearly lows below 1.1740 level
EUR / USD loses more momentum and tests the 1.1740 region on Tuesday. The dollar remains firm thanks to higher yields on US bonds. Preliminary inflation figures for March in Germany stand out on today’s calendar. The selling pressure around the common currency remains firm for another day and drags the EUR / USD pair […]
US Dollar DXY Index at 2021 Highs Above 93.00 Level
The DXY index gains more traction and rises above the 93.00 level on Tuesday. Higher US yields underpin the dollar’s rally. Housing data and consumer confidence stand out on today’s US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves higher on Tuesday […]
USD / JPY jumps to one-year highs above the 110.00 level
USD / JPY continues to gain ground for the fifth day in a row on Tuesday. The optimistic US economic outlook and rising US bond yields prop up the USD. A positive risk tone affects the safe haven Japanese yen and supports the pair’s upward move. The pair USD / JPY has spiked above the […]
Prepares for a sustained move below key support at 1.1749
The path of least resistance for EUR / USD looks to the downside. US Treasury yields are back to boost the USD. The pair is targeting trend line support at 1.1749 on the 4-hour chart, with the RSI bearish. The bearish bias in the EUR / USD pair remains intact. Rising inflation expectations continue to […]
USD / JPY nears multi-month highs as 10-year US Treasury yield surpasses 1.7%
USD / JPY is slowly climbing towards the end of the US session. The yield on 10-year US Treasuries has risen more than 2%. The US Dollar Index is climbing towards 93.00. The pair USD/JPY it is slowly rising in the closing hours of the US session on Monday supported by rising US Treasury yields. […]
