USD / JPY is consolidating around 109.75, just below multi-month highs recently touched at 109.85. This week’s key data from both the US and Japan will come into focus this week. The USD/JPY It is consolidating around 109.75, just below the multi-month highs recently touched at 109.80 touched last Friday. The pair found decent resistance […]
Tag: Foreign exchange
Australian dollar meets decent resistance at 1.0950
The Australian dollar continues to face resistance at 1.0950 against the kiwi. AUD / NZD bullish outlook intact, above 1.0950, next target at 1.1000. The AUD / NZD it pulls back on Monday after failing to break through the 1.0950 area. It tested the multi-month high, but then fell back, reaching levels below 1.0900. The […]
USD / CAD retraces below 1.2600 as DXY returns to the 92.80 zone
USD / CAD lost its traction after climbing above 1.2900. The US dollar index rose towards 93.00 at the beginning of the US session. WTI posts modest daily earnings, trading above $ 61.00. The USD / CAD It rose to a fresh session high of 1.2621 in the early hours of US trading, but reversed […]
EUR / USD stalled below 1.1800
EUR / USD has continued to struggle to get close to the 1.1800 level, with gains fading around the 1.1790 zone. Continued concerns about the Eurozone lockdown and Coivd-19 pandemic mean the EUR’s struggle is not surprising. The pair EUR/USD it has continued to struggle to get close to the 1.1800 level, with limited gains […]
EUR / GBP reverses from one-year lows, rises toward 0.8550
EUR / GBP finds decent support above 0.8500. The strong recovery of the euro could point to some head of consolidation. The EUR/GBP it fell at the beginning of the session to 0.8505, reaching the lowest level since February of last year. It then rallied with the euro picking up speed during the US session. […]
AUD / USD cuts modest intraday gains, sideways around 0.7630 zone
AUD / USD struggled to hold its intraday gains to four-day highs amid a sustained buy in the USD. The optimistic US economic outlook and a sudden rebound in US bond yields propped up the dollar. A solid bounce in US equity futures helped limit the downside to the perceived riskier Australian. The pair AUD/USD […]
USD / JPY returns to multi-month highs, around the 109.75 zone
USD / JPY drew some buying on the dips on Monday and was back close to multi-month highs. The optimistic US economic outlook continued to prop up the dollar. A turnaround in US equity futures, the recovery in US bond yields provide additional momentum. The pair USD/JPY It has managed to bounce around 35 pips […]
EUR / USD bounces away from lows, remains below 1.1800
EUR / USD remains on the defensive at levels below 1.18. The pair recovers from yearly lows in the 1.1760 region. German, EMU flash CPI will take center stage by the end of the week. The euro remains under pressure and forces the EUR/USD to maintain the offered tone below 1.1800 at the beginning of […]
USD / CAD cuts a portion of intraday gains, rises modestly around 1.2600
A strong intraday rally in oil prices sustained the Canadian dollar and put some pressure on the USD / CAD. The optimistic US economic outlook continued to provide some support to the dollar and helped limit losses. A sustained move beyond the 1.2625-30 region will set the stage for strong short-term gains for the pair. […]
USD / CHF clings to small daily gains around 0.9400
USD / CHF is moving sideways in a tight range on Monday. The US dollar index struggles to take advantage of last week’s gains. Investors focus on US stocks and Treasury bond yields. The pair USD/CHF it hit its highest level since mid-July at 0.9419 on Friday and gained nearly 100 pips weekly. Amid the […]
