USD / CAD has been swinging and at one point on Monday rose above 1.2500, but only briefly. Consolidated trade is not surprising ahead of key events later in the week. The USD / CAD It is currently trading flat on the day, although it has seen modest volatility in recent hours, with the pair […]
Tag: Foreign exchange
GBP / USD returns below 1.3900, all eyes on this week’s BoE meeting
GBP / USD failed to break above its DMA of 21 and has fallen below 1.3900 again. Markets appear to position themselves ahead of the Bank of England’s key rate decision this week. Bank of England Governor Bailey made remarks this morning and was optimistic, setting the tone for this week’s meeting. In the last […]
Bearish correction gains momentum, potential target at 150.65
GBP / JPY corrects lower after gaining for the ninth week in a row. Below 151.20, a bearish acceleration seems likely. The GBP/JPY it is correcting lower after hitting 152.23 on Friday, the highest level in nearly two years. It recently broke below a short-term uptrend line, accelerating the decline and falling below the 20 […]
EUR / USD moves in range, staying above 1.1900
Euro ranged against the US dollar, rising against the pound. EUR / USD with a negative bias in the short term. The EUR/USD maintains daily losses for the second day in a row. It remains above 1.1900 with limited negative momentum. The pair bottomed out at 1.1915 and continues to move sideways near 1.1930. The […]
EUR / GBP stuck within a range ahead of the week’s key events
EUR / GBP has been swinging on Monday, but continues to trade within last week’s 0.8550-0.8600 range. All eyes will be on this week’s Bank of England rate decision and comments from ECB officials, which will take place on Thursday. The EUR/GBP It fell to lows below 0.8560 at the start of the European session, […]
EUR / JPY struggles to find direction below 2021 highs near 130.50
EUR / JPY loses some ground after hitting highs near 130.50. Higher US yields keep the tone offered around the dollar. Investors shift their focus to the next FOMC meeting. The tone offered in the single currency led to EUR/JPY to trim early gains to new 2021 highs in the 130.50 area. EUR / JPY […]
USD / JPY moderates rise after reaching highs in nine months
The dollar rises for the third day in a row against the yen. Bullish momentum in USD / JPY moderates after pullback in Treasury yields. El USD / JPY is trading in positive territory on Monday, above 109.00, on the way to the third consecutive gain even though it lagged from the highs. Hours ago […]
USD / MXN retreats after Friday’s bounce, points to support at 20.60
Emerging currencies advance against the dollar before it rises in the stock markets. USD / MXN on the way to the fourth drop in the last five days. The USD / MXN is trading unchanged on Monday, still with a tone in favor of the Mexican peso. Following Friday’s bounce to 20.92, the cross is […]
Trapped within a range above the 1.3900 level and the 200 hourly SMA
GBP / USD struggles to find firm direction and remains trapped within a range on Monday. Repeated failures around 1.4000 favor the bears, while the emergence of lower buying warrants caution. Neutral oscillators make it prudent to expect sustained movement in either direction. GBP / USD is balancing between tepid gains and minor losses during […]
More falls could expose this year’s low
EUR / USD extends rejection from recent highs and is approaching 1.19. A deeper pullback would target the current year’s low at the 1.1830 region. The EUR / USD rally encountered a stiff barrier in the vicinity of the 1.20 psychological hurdle in the second half of last week, triggering the current downward correction. The […]