EUR / GBP is about to end the week with gains, far from the peak. The pound regains strength as the EU and the UK continue negotiations. The EUR/GBP it retraced further and bottomed at 0.8982, reaching a new three-day low. It then rallied to 0.9010. Speculation about Brexit continues to fuel volatility at the […]
Tag: Foreign exchange
AUD / USD rises from lows on the back of soft November US jobs report.
AUD / USD has seen a slight rebound from a weak US labor market report, but is still trading in the red around 0.7430. Australia’s soft retail sales number and current concerns about Australia-China relations could be weighing on. AUD / USD has risen from lows around 0.7410 to 0.7430 in recent trading following a […]
GBP / USD rises above 1.3516 Dec 2019 high amid Brexit optimism
GBP / USD recently jumped from around 1.3460 above the December 2019 high of 1.3516 despite the lack of new fundamental developments. The pair has been rocking this week as Brexit negotiations seemingly nearing a climax. GBP / USD strength is also exacerbated by USD weakness following a mild jobs report in November. Despite the […]
USD / JPY remains below 104.00 after November US NFP report.
USD / JPY struggles to make a decisive move in either direction on Friday. Nonfarm payrolls in the US increased by 245,000 in November. The US Dollar Index remains depressed near 90.50 after the data. The pair USD/JPY It shot to a fresh daily high of 104.12 on knee-jerk reaction to the November US jobs […]
EUR / USD loses momentum and falls to 1.2130 area after NFP report
EUR / USD remains in supply above 1.2100. Nonfarm payrolls in the US hit 245,000 in November. The US unemployment rate fell to 6.7% over the past month. The EUR/USD it remains bid at the upper end of the recent range, although it is still trading below 1.2200. EUR / USD is still targeting 1.2200 […]
USD / CAD Falls to New Multi-Year Lows Following US / Canada Employment Details
USD / CAD witnessed some selling after the release of the US and Canadian jobs report. The US economy added 245,000 new jobs in November and the unemployment rate fell to 6.7%. Stronger Canadian employment details supported the loonie and contributed to the selling bias. The pair USD / CAD it broke its intraday consolidated […]
GBP / USD remains capped below 1.3500, ahead of NFP report
GBP / USD had good price swings in two directions on Friday amid a flurry of Brexit headlines. An EU official reportedly said a deal is imminent and is expected by the weekend. A softer tone around the USD continued to act supportive ahead of the US jobs report. After some intraday volatility during the […]
USD / MXN continues to decline constantly and marks new lows in months below 19.80
Mexican peso remains strong after breaking 20.00. Dollar weakness on all fronts boosts demand for emerging currencies. The USD / MXN broke below 19.85 and extended the decline to 19.77, marking a new low since mid-March. It is trading around 19.80, after rebounding modestly, and remains under pressure in the face of a weak dollar […]
Possible correction before more raises
EUR / USD is still targeting 1.2200 in the (very) short term. The pair’s overbought condition could favor a correction. EUR / USD remains in demand and extends the rally to around 1.2200 by the end of the week, levels last traded in April 2018. The positive stance of the EUR / USD remains unchanged […]
Increase pressure for a test at 90.00
The DXY remains weak near recent lows around 90.50. Further bearish momentum could lead to a re-visit at 90.00. The bearish stance remains strong for another session, leaving the US dollar index (DXY) exposed to further declines in the near term. That said, further declines remain with significant possibilities, with the immediate target at the […]
