Euro starts testing levels below 1.1800 against the dollar. US data comes out better than expected. Wall Street futures accelerate decline in the last hour. The EUR / USD fell to 1.1790, reaching the lowest intraday level since November 12. It then bounced back above 1.1800 but remained under heavy downward pressure. The dollar was […]
Tag: Foreign exchange
1.1800 zone supports decline … for now
EUR / USD hits new 2021 lows near the 1.1800 level. Lower support is seen around 1.1760. The weekly EUR / USD slide appears to have found decent support just above the 1.18 round level so far on Thursday. The recent breakout of the 200-day SMA at 1.1854 allows sellers to keep a grip on […]
Outlook changes to constructive above 92.58
The DXY index hits new 2021 highs near 92.70 on Wednesday. Additional gains remain on the table above the 200-day SMA. The US Dollar DXY Index gains additional traction and advances to new yearly highs near 92.70 in the second half of the week. If the DXY index manages to advance above the 200-day SMA […]
EUR / JPY Price Analysis: A further decline remains on the table
The EUR / JPY cross regains some traction after bottoming out at multi-week lows around the 128.30 level on Wednesday. Momentum . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content […]
EUR / USD fails to regain ground and continues to press on 1.1800
The dollar remains strong amid deteriorating market sentiment. EUR / USD fails to return above 1.1830, it remains very close to 1.1800. Data ahead: third reading of GDP and requests for unemployment benefits in the US. The EUR / USD is trading at 1.1805 / 10, on neutral ground for the day and very close […]
USD / CAD finds support above 1.2540 ahead of US data.
USD / CAD is trading in ranges on Thursday, with no clear direction. Ahead: fourth-quarter GDP data and US unemployment benefits. The USD / CAD closed in negative on Wednesday, due to a strong rebound in oil prices and on Thursday it is trading in ranges. The cross marked lows for the day at 1.2545, […]
USD / JPY in consolidation in the range 108.20 / 109.50 – UOB
Currency strategists at UOB Group forecast that USD / JPY will remain within the range of 108.20-109.50 in the coming weeks. Key statements: 24-hour outlook: “We highlighted yesterday that the USD” could go down, but any weakness is unlikely to challenge the main support at 108.20. “However, the USD traded between 108.43 and 108.95. The […]
DXY aims to test 93.00 as rebound gains traction – Westpac
The US Dollar Index (DXY) appears poised to test higher levels in the near term, as the reopening, vaccination and stimulus produce a strong rally despite the Federal Reserve’s extremely loose monetary policy, economists estimate. by Westpac. Key statements: “The DXY seems determined to test the upper end of the 91-93 range that is likely […]
GBP / USD bounces from lows in a month and a half, returns above 1.3700
The pound marks new highs for the day against the dollar above 1.3700. The dollar retreats modestly in the market, maintains a short-term trend in favor. On the agenda is the US unemployment benefit report and a new estimate of GDP for the fourth quarter. The GBP / USD accelerated higher, after falling to 1.3670, […]
USD / JPY consolidates between 108.20 and 109.50 – UOB
According to the currency strategists at UOB Group, USD / JPY is expected to hold the range between 108.20 and 109.50 unchanged In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that USD / JPY ‘could go down, but any weakness is unlikely to challenge the main support at 108.20’. However, USD […]
