The DXY rose for the second day in a row on Monday although without exceeding last week’s peak. The next target appears at this year’s highs near 92.50. The recovery of the dollar remains strong, which has propelled the dollar index (DXY) to the 91.90 zone, where it appears to have found decent resistance. If […]
Tag: Foreign exchange
EUR / JPY Price Analysis: Bullish bias remains unchanged
EUR / JPY advanced above the 130.00 zone new yearly highs in the 130.50 region at the start of the week. Although the crossing saw det. 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 […]
USD / CHF hovers near 0.9300, struggles to find direction on Monday
USD / CHF is trading sideways on Monday. The US Dollar Index remains below 92.00. The major Wall Street indices point to an open in positive territory. After reaching the highest level since July at 0.9377 last week, USD / CHF made a deep correction and ended the week practically unchanged. Amid the lack of […]
USD / CAD recovers from multi-year lows, still negative around the 1.2460 region
USD / CAD falls into negative territory for the fifth day in a row on Monday. Bullish oil prices support the CAD and sparked some selling around the pair. A modest pickup in USD demand extends some support and limits the pair’s slide. The pair USD / CAD remains under pressure during the European session […]
US Dollar DXY Index Looks Firm and Targets the 92.00 Level
The dollar extends Friday’s gains well above the 91.00 level. Yields on the US 10-year benchmark bond are rising above 1.60%. The Empire State Manufacturing Index stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of the main currencies, opens the week with […]
GBP / USD Firm Above 1.3900, Faces Resistance Near 1.3950
The pound rises slightly against the dollar, remains above 1.3900. Week marked by meetings of the BoE and the Fed. GBP / USD managed to sustain above 1.3900 as after hitting a low for the day at 1.3898 it quickly returned above and bounced, rising to test the zone of the highs of the day […]
EUR / USD negative on Monday, remains sideways above 1.1910
Euro falls against the dollar and the euro on Monday. EUR / USD with strong support at 1.1900 / 10. EUR / USD is trading in negative territory on Monday, around 1.1925 / 30. The price in the Asian session had climbed to 1.1966 but then changed direction and fell back to find support above […]
Recover intraday losses but still not out of the woods
E AUD / USD is witnessing some intraday selling on Monday, although it lacks continuation. Last week’s bearish breakout of a flag pattern supports prospects for further declines. Neutral oscillators on 1-hour and daily charts, along with the appearance of some lower-level purchases, warrant caution. AUD / USD has struggled to capitalize on its initial […]
Bailey says inflation is expected to rebound to 2% in the coming months
The Governor of the Bank of England (BoE), Andrew Bailey, speaking on BBC Radio 4 this Monday, has said that the effect of the restrictions due to COVID-19 on the economy is enormous but appears to be decreasing. Key Comments: Now I am more positive, but with a great deal of caution, about recovery. The […]
USD / JPY slightly positive after hitting fresh multi-month highs around 109.35 region
USD / JPY is moving higher for the third day in a row, reaching new multi-month highs. Risk appetite sentiment weighs on the safe-haven JPY and supports the pair’s upward move. The recent rally in US bond yields benefits the USD and provides additional momentum. The USD has gained some positive traction during the Asian […]