Markets calm ahead of key US data The focus is on the US employment report to be released at 12:30 GMT. Dollar rises modestly, pushing EUR/USD lower. The EUR/USD is falling on Friday after failing to break 1.0250 and is trading around 1.0230, ahead of the US jobs report against a slightly appreciating dollar in […]
Tag: Foreign exchange
USD/MXN extends the pullback and falls towards 20.30
Mexican peso rises again against the dollar. Low yields on Treasury bonds put pressure on the greenback. The USD/MXN is falling for the second day in a row, supported by a general decline in the dollar in the market. The pair pulled back towards the 20.30 area, breaking important supports along the way. After the […]
USD/MXN corrects below 20.70 after hitting two-week highs
Mexican peso recovers ground after Tuesday’s sharp drop. USD/MXN maintains an upward bias. Caution in markets, treasury bond yields on the rise. USD/MXN jumped to 20.82 on Tuesday, reaching the highest level since July 15. On Wednesday it is falling trimming part of the rally. The pair bottomed out Wednesday at 20.62, and is trading […]
EUR/USD bounces from 1.0150, tries to return above 1.0200
The dollar with mixed results on Wednesday, still maintains part of Tuesday’s gains. EUR/USD is limited upside by 1.0200, support at 1.0150. Treasury bond yields validate Tuesday’s strong rebound. EUR/USD found support at the 1.0150 area and rose to 1.0200, the high of the day. The euro could not yet break above the 1.0200 area. […]
USD/MXN falls back after trading at month-day highs above 20.50
Emerging market currencies pull back on cautious weather. USD/MXN with a bullish bias as long as it remains above 20.40. USD/MXN climbed hours back to 20.52, reaching the highest level in almost a week. It then pulled back and is trading at the 20.45 area. The rises occur before a strengthening of the dollar in […]
USD/MXN returns again above 20.30
The dollar remains weakened by low yields. Emerging market currencies with mixed results on Monday. USD/MXN with bearish bias, as long as it remains below 20.55. USD/MXN is rising modestly on Monday, on the downside in equity markets. The rise is being moderate as the dollar remains somewhat weak. The cross after falling to 20.26 […]
EUR/USD hits 1-week highs at 1.0270 but fails to break key resistance
Weakness of the dollar supports the rise of the EUR/USD. The pair remains in range, very close to a strong top. Confirmation above 1.0280 would enable a rally above 1.0300. The EUR/USD is trading around 1.0250 after reaching 1.0270, the highest level in a week. The pair is supported by the weakness of the dollar […]
EUR/USD hits lows below 1.0150 on stronger dollar after data
The dollar gains momentum in the American session and rises throughout the market. US data shows that inflation remains high. EUR/USD turns negative, remains in range. The EUR/USD broke firmly below 1.0200 after the release of US economic data, and after the opening of the American session. The pair dropped to 1.0144 marking a new […]
EUR/USD returns above 1.0200 and targets key resistance ahead of US data.
EUR/USD bounces after correcting to 1.0184. The dollar remains weak against the main European currencies. Inflation and growth in the Eurozone, with higher than expected figures. After a pullback to 1.0184. EUR/USD gained momentum and is heading to test daily highs in the 1.0250 area. The dollar remains weak in the market while European stocks […]
EUR/USD reverses trend and hits lows below 1.0150 ahead of key data
The dollar gains momentum and tries to stabilize. The euro the worst performer among the G10. EUR/USD remains in a recent range, with a negative intraday bias. Inflation data is coming from Germany and GDP from the US. The EUR/USD broke below 1.0180 and fell to levels below 1.0150. In this way he gave up […]
