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Tag: Foreign exchange

GBP / USD maintains consolidation – UOB

GBP / USD maintains consolidation – UOB

In the view of the currency strategists at UOB Group, the GBP / USD moving within the consolidation range of 1.3810-1.4020 in the short term. Key Comments: 24 hour vision: “Last Friday, we held the view that GBP / USD ‘could strengthen, but overbought conditions suggest that any advance is unlikely to be able to […]

AUD / USD remains capped below 0.7750

AUD / USD remains capped below 0.7750

AUD / USD fails to capitalize on its positive intraday move to the 0.7775 region. The optimistic economic outlook for the United States underpins the USDD and limits the pair’s gains. Risk appetite sentiment could help limit the slide ahead of the FOMC on Wednesday. The pair AUD / USD remains capped below the 0.7750 […]

USD / JPY still looking at 109.85 in the short term – UOB

USD / JPY still looking at 109.85 in the short term – UOB

The currency strategists of UOB Group noted that USD / JPY could still try to move to the 109.85 level in the coming weeks. 24 hour perspective: “We expected the USD to trade within a range of 108.35 / 108.95 last Friday. However, it rose to 109.16 before closing on a firm note at 109.00 […]

The pair may test 1.1990 in the short term –UOB

The pair may test 1.1990 in the short term –UOB

The currency strategists of UOB Group noted that mild upward pressure on EUR / USD is expected to ease if the 1.19 zone clears in the coming weeks. 24 hour perspective: “Our expectation that the EUR would continue to rise did not materialize as it fell to 1.1908 before rebounding. The underlying tone still appears […]

EUR / USD consolidates around 1.1950 in anticipation of next week’s key events

EUR / USD consolidates around 1.1950 in anticipation of next week’s key events

EUR / USD is consolidating around 1.1950. The pair has largely ignored eurozone fundamentals, adjusting instead to the dynamics of the US dollar. The EUR/USD it is consolidating around the 1.1950 level as volumes decline ahead of the weekend. That puts the pair around the midpoint of the trading range for the day; The EUR […]

GBP / USD recovers above 1.3900 as trading volumes decline ahead of the weekend

GBP / USD recovers above 1.3900 as trading volumes decline ahead of the weekend

GBP / USD has returned from the 1.3850 low to trade above 1.3900 again. The pair has been traded on the dollar, which was boosted by rising US bond yields. Having fallen as low as 1.3865 in the previous trade, the GBP/USD It has rallied and is now back above the 1.3900 level and appears […]

EUR / GBP rises further towards the 0.8600 level

EUR / GBP rises further towards the 0.8600 level

The EUR / GBP has moved above its recent intraday trading range and is considering a test of 0.8600. The catalysts for the move are unclear, although there has been plenty of news to be aware of. Midway through the European morning session, the EUR/GBP it experienced a buy attack that pushed it towards the […]

USD / CAD declines returning to multi-year lows below 1.2500

USD / CAD declines returning to multi-year lows below 1.2500

USD / CAD has come under strong selling pressure in recent trading and fell back to multi-year lows at 1.2665. The loonie has recovered strongly on the back of a much stronger than expected Canadian labor market report. The Canadian dollar is by far the best performing currency in the G10 this Friday and is […]

AUD / USD bounces above 0.7750, appears to post modest weekly gains

AUD / USD bounces above 0.7750, appears to post modest weekly gains

AUD / USD started to rise after falling to 0.7724. The US Dollar Index consolidates daily gains around 91.70. Consumer confidence in the US improved dramatically in February. The pair AUD/USD It fell to a daily low of 0.7724 in the early trading hours of the US session, but began to recoup its losses. At […]

Bounces towards critical resistance at 72.90

Bounces towards critical resistance at 72.90

The Indian rupee fell against the US dollar on Friday, still higher for the week. USD / INR is pointing to some consolidation above 72.60, key resistance at 72.90. The USD/INR it is rising on Friday after falling for three consecutive days. It peaked at 72.86 before falling back to 72.72. Higher U.S. yields boosted […]