The recovery of the euro seems limited, it still shows vulnerability. EUR / USD is about to post the fourth weekly decline in the last five weeks. The EUR/USD it is rising on Friday, cutting some of Thursday’s losses. The pair bounced above 1.1770 and reached levels above 1.1800. It is trading more than a […]
Tag: Foreign exchange
USD / TRY rises further and exceeds 8.0000
USD / TRY quickly leaves the key 8.0000 level behind. Turkey’s manufacturing confidence rose to 110.8 in March. Rumors about the balance of payments crisis have accelerated. The Turkish lira remains in the offered territory and raises the USD/TRY to daily highs well above the critical 8.0000 level. USD / TRY faces upside potential The […]
GBP / USD looks to test 1.3800 amid softer USD conditions
GBP / USD is trading below 1.3800 as the pair gains for the second day, although it remains lower for the week. Softer USD conditions are the main driver of Friday’s gains, with UK and US data ignored. The GBP/USD It is trading decent gains for the second day in a row, with the pair […]
USD / MXN falls to test the lows of the week in the 20.50 area
Banxico slows down the cycle of interest rate declines. Mexican peso among the best performing currencies on Friday. USD / MXN is falling on Friday, after the decision of the Bank of Mexico on Thursday. The price has just touched 20.53, the lowest level in three days and remains close to that level and the […]
USD / CAD remains in negative territory below 1.2600 amid rising crude prices
USD / CAD is moving lower after climbing to two-week highs on Thursday. Rising crude oil prices will provide a boost to the Canadian dollar on Friday. The pair USD / CAD it advanced to its highest level in two weeks at 1.2630 on Thursday, but reversed its direction on Friday. At time of writing, […]
USD / JPY rises to new highs in nine months and approaches 110.00
The dollar is supported by rising Treasury yields. Income and personal expenses fall in February in the US. The USD / JPY accelerated the bullish journey and after breaking 109.35 / 40, it extended the rise to 109.81, the highest level since the beginning of June last year. The price remains in the area of […]
Bullish target is now 200-day average
The EUR / USD reaches new lows for this year in the area of ​​1.1760. The 200 day average near 1.1860 is now emerging as resistance. The EUR / USD weekly decline appears to have found decent support at the 1.1760 area, coinciding with a Fibonacci level (from the November to January rally). The recent […]
They see more rises above 93.00
The DXY set new highs for 2021 just below 93.00 on Thursday. Additional earnings remain within the means as long as it is above the 200 day average. The US dollar index (DXY) alternates gains and losses on Friday, although the bias remains bullish for now. A break above this year’s highs near 93.00 should […]
Decent support emerges around 128.30
A further recovery now points to the key level of 130.00. EUR / JPY regains some strength after bottoming out at multi-week lows around 128.30 on Friday. Meanwhile, as long as the cross navigates above the 127.75 / 80 band, where the 50-day SMA and the short-term support line coincide (from the November low), more […]
EUR / USD fails to lead to 1.1800 and cuts daily gains
EUR / USD lost steam after approaching 1.1800 German IFO Business Confidence Report Surprises Rise, US Data Comes EUR / USD rose to 1.1798, extending the recovery after hitting a new low for this year at 1.1760 on Thursday. The rebound lost momentum near 1.1800 and reversed direction falling to 1.1770. On the pre-release data […]
