According to the currency strategists at UOB Group, there is still room for the EUR / USD to test the 1.2200 level next week. Key Comments: 24 hour view: “The EUR / USD made a fresh high of 1.2177 last Friday (high of 1.2175 on Thursday) before giving way to close slightly lower at 1.2120 […]
Tag: Foreign exchange
USD / JPY recovers the initial drop and rises towards 104.20, the rise seems limited
Softer risk sentiment benefited the safe haven JPY and put some pressure on the USD / JPY. A combination of factors helps the pair to reverse the intraday decline below 104.00. Hopes for fiscal stimulus in the US could continue to weigh on the USD and limit the pair’s gains. The pair USD / JPY […]
Coveney says he won’t be surprised if negotiations fall apart
The Irish Times has quoted Ireland’s Foreign Minister Simon Coveney as saying that a Brexit deal is more likely, but you won’t be surprised if the negotiations fall apart. If no agreement is reached in the next few days, there will be very serious problems with ratification and timelines. . Donald WestbrookDonald-43Westbrook, a distinguished contributor […]
According to the news, Barnier told the EU envoys that the three key outstanding issues remain open.
As Reuters reports, citing a source, the EU’s chief Brexit negotiator Michel Barnier told EU national envoys that he was still there is no Brexit deal and the three key outstanding issues remain open. The news keeps the GBP / USD under pressure. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his […]
GBP / USD retreats towards daily lows as Brexit negotiations take a break
GBP / USD has closed at daily lows again after EU chief negotiator Barnier announced that no deal has yet been reached. The talks have stopped and British Prime Minister Johnson and the President of the EU Commission, von der Leyen, will discuss the situation tomorrow. The GBP/USD It has again plunged towards the day’s […]
AUD / USD: A break above 0.7500 would establish a new range between 0.7500 and 0.8000
MUFG Bank Analysts They recommend the idea of ​​a long AUD / USD trade that reflects their expectation of a weaker US dollar in the short term. They see a potential entry level at 0.7435 with a target at 0.7675 and a stop loss at 0.7225. Key statements “The USD has broken below key support […]
USD / JPY moves back above 104.00 level as US yields rise
US yields have risen and the yield curve has been steepened by worse-than-expected US data, pushing USD / JPY higher. USD / JPY has risen above 104.00. The USD/JPY it has risen above the 104.00 level again following the US labor market report on Friday November. The pair is moving away from the highs of […]
EUR / USD consolidates near 1.2150 as bears take a breather
The EUR / USD pair was driven primarily by the dollar side on Friday, trading around 1.2150. The USD has suffered no lasting damage from softer-than-anticipated labor market data. The EUR/USD it is consolidating around the 1.2150 level on the back of softer-than-expected US labor data which, in the end, has not caused lasting damage […]
NZD / USD consolidates around 0.7050 having broken below the uptrend channel
NZD / USD has moved sideways from the US employment data and is consolidating around 0.7050. The pair recently broke down from a medium-term bullish channel, implying more choppy trading ahead. The NZD / USD It has been moving sideways in recent trading, with price action swinging on both sides of the 0.7050 level. Currently, […]
USD / CAD falls below 1.2800 as CAD capitalizes on upbeat Canadian jobs report
USD / CAD fell to its lowest level in more than two years below 1.2800. The unemployment rate in Canada fell to 8.5% in November. The US Dollar Index was flat on the day near 90.70 after the NFP report. After spending the first half of the day fluctuating in a tight range near 1.2850, […]
