EUR / JPY appears to be consolidating at the upper end of the range. To the upside, the 2020 highs appear just above 127.00. EUR / JPY is managing to sustain above the key 126.00 barrier, clinging to last week’s gains. After hitting last week highs around 126.70, the EUR / JPY now appears to […]
Tag: Foreign exchange
USD / CAD clings to modest recovery gains above 1.2800
USD / CAD is experiencing a rally after last week’s slide. Crude oil prices are falling on Monday. The USD remains relatively resilient against its rivals at the beginning of the week. The pair USD / CAD It fell more than 100 pips last week and posted its lowest weekly close since April 2018 at […]
Resistance at 0.9150 / 65 will be an important limit – Credit Suisse
EUR / GBP holds a short-term bottom above 0.9007, but Credit Suisse analysts see the current strength as temporary with resistance at 0.9150 / 65, which should ideally slow the gains. Key statements: “EUR / GBP has held the support of its 55-day rising average and with a small base above the September downtrend and […]
AUD / USD falls below 0.7400 as the dollar rises
AUD / USD accelerates pullback from two-year highs. The dollar gain pace before falling in the bags. AUD / USD closed the fifth consecutive week in positive territory last week, but started the current one in negative and erasing much of that gains. The price broke below 0.7400 and it fell to 0.7371, the lowest […]
GBP / USD bounces to 1.3280 and remains under pressure at two-week lows
The pound is falling on all fronts and against the dollar it has the worst day in months. GBP / USD rebounded to 1.3280 after bottoming out at 1.3220, the lowest since November 19. GBP / USD cut losses in the last few hours but is still on track to have one of the worst […]
For the US data, the only release will be the consumer credit data for the month of October.
EUR / USD falls to 3-day lows near 1.2080 on Monday. Risk-off sentiment supports dollar demand. German industrial production expanded 3.2% month-on-month in October. The common currency extends Friday’s corrective decline and dragging EUR / USD to new lows below 1.2100 Monday. EUR / USD in 3-day lows EUR / USD falls for the second […]
Stronger DXY US Dollar Index Recovers Above 91.00 Level
The DXY index accelerates the upward movement and recovers the level of 91.00 Risk-off sentiment lends support to the dollar. Consumer credit data stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, regains its smile at the beginning of a […]
EUR / GBP climbs to seven-week highs around 0.9135 region amid Brexit chaos
EUR / GBP gains strong traction on Monday and breaks above the 0.9100 level. The news around Brexit weighs on the pound and favors the upward movement of the pair. The British pound has seen a strong sell at the start of the European session on Monday, propelling the EUR / GBP cross to new […]
UK official says talks are likely to end today if no further progress
Bloomberg, citing a UK official, has reported that Brexit talks likely to end today if no further progress. Less than four weeks before the end of the Brexit transition period on December 31, not-so-optimistic developments continue to weigh heavily on the British pound. In fact, the GBP / USD pair has broken below the 1.3300 […]
EU diplomat says trade talks with UK remain uncertain and can go both ways
Reuters has quoted an EU source as saying that it’s up to the UK to choose a positive outcome or a no-deal Brexit. The official added that the outcome of the trade talks between the EU and the UK remains uncertain and can still go both ways. Negotiations have reached the end of the game […]
