USD / TRY reverses the recent drop and tests 7.6200. Turkish retail sales expanded 0.3% in January. US flash consumer sentiment is next on the agenda. The recovery of the Turkish lira faces some headwinds on Friday as renewed buying interest in the dollar soared to the USD/TRY 2-day highs near 7.6200. USD / TRY […]
Tag: Foreign exchange
USD / JPY is approaching multi-month highs above 109.00
USD / JPY is posting strong daily gains above 109.00. The US Dollar Index remains at a contact distance of 92.00 after US data. The yield on 10-year US Treasuries continues to climb. The pair USD/JPY it retained its bullish momentum in the early trading hours of the US session and was last seen gaining […]
Further weakens below 1.3900 amid widespread USD strength
GBP / USD witnessed a strong sell near 1.4000 amid resurgent demand for the USD. A weakness below the 23.6% Fibonacci level has turned the bias in favor of bearish traders. Any recovery attempt beyond 1.3900 could now be seen as a selling opportunity. The pair GBP/USD it maintained its strongly offered tone during the […]
EUR / USD remains under pressure near 1.1900 after US data.
EUR / USD remains on the defensive and is approaching 1.19. EMU industrial production expanded 0.85 m / m, 0.1% year-on-year. US producer prices increased 0.5% month-on-month, up 2.8% year-on-year in February. The shared currency maintains the offered bias unchanged, although the EUR/USD manages to bounce away from lows initially touched near 1.19. EUR / […]
USD / CAD falls to two-week lows after Canadian data
Canada Employment Report Exceeds Expectations. The dollar retreats after wholesale inflation data, but continues to be supported by increases in Treasury bond yields. The USD / CAD fell from 1.2545 to 1.2509, the lowest level in two weeks after the Canadian labor market figures for February were released. The price then rebounded and is trading […]
EUR / JPY turns negative, retreats from highs above 130.00
EUR / JPY broke above the 130.00 level initially. The improved tone of the dollar weighs on the risk complex. The resumption of buying interest in the dollar is putting the European currency and its peers under further pressure at the end of the week. EUR / JPY weakened by EUR sell-off After hitting new […]
NZD / USD extends daily decline to 0.7170 ahead of US data.
The NZD / USD turned south after closing in positive territory for three days. The US Dollar Index is approaching 92.00 on Friday. Eye on PPI and US Consumer Confidence Data The pair NZD / USD it posted impressive gains in the previous three trading days and rose to 0.7242 before reversing its direction on […]
AUD / USD cuts three-day streak and falls to the 0.7730 area
AUD / USD remains under bearish pressure ahead of the weekend. Rising US Treasury yields give the dollar a boost. AUD / USD closed the previous three days in positive territory and touched a weekly high at 0.7801 on Friday. Nevertheless, with the dollar regaining strength, the pair reversed direction and fell back to the […]
USD / MXN bounces to 21.00 amid dollar rally
The dollar was favored by rising Treasury yields. USD / MXN advances after approaching key support at 20.50. USD / MXN climbed from the one-week lows just below 20.60 to 20.92 on Friday, erasing Thursday’s losses. The price is at 20.85, with the bullish tone intact, although with less intensity. The advance of the dollar […]
Failure near 1.2000 causes a correction
EUR / USD turns lower and tests the 1.19 zone on Friday. An extension of the slide is not ruled out, leading to a test of recent lows near 1,830. EUR / USD’s bull run encountered a stiff barrier in the vicinity of the 1.20 psychological barrier in the second half of the week. The […]