EUR / JPY resumes higher and tests the 126.70 area. To the upside, 2020 highs emerge just above 127.00. EUR / JPY leaves Thursday’s retracement behind and resumed its rise towards new highs in the 126.65 / 70 band on Friday. If the buying pressure manages to gain more traction, then the 2020 peaks at […]
Tag: Foreign exchange
EUR / GBP volatile near 0.9050 after finding support above 0.9000
The EUR / GBP fell back in the last few hours to rise to 0.9065. Attention is still on the Brexit deal. The EUR / GBP in the European session jumped to 0.9066 and then fell back to 0.9017, to get closer to 0.9050. Thursday had a sharp decline, but found support above the important […]
EUR / USD hits new highs above 1.2170 ahead of NFP
EUR / USD extends the move higher to the 1.2170 / 75 region. German factory orders expanded 2.9% month-on-month in October. The US Non-Farm NFP Payrolls will focus investors’ attention at the start of the American session. The common currency spreads the optimistic sentiment and raises the EUR / USD pair to the region of […]
EU official says Brexit deal is imminent and expected for the weekend
According to the latest news, citing an EU official, it is said that a trade deal with the UK is imminent and expected by the end of the weekend, barring a last minute break in talks. The comments have triggered a new wave of short hedging movement around the British pound and have pushed the […]
DXY US Dollar Index Under Pressure Around 90.60 Before NFP
The DXY index is moving defensively near 32-month lows. Risk appetite dominates sentiment in global markets. In the NFP jobs report, factory orders and several Fed speeches feature prominently on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends the downward movement […]
Michel says it’s essential to make sure the EU-UK deal is acceptable to all 27 states
The President of the European Council, Charles Michel, made some comments on Friday, saying that the rule of law is a key issue linked to the EU’s DNA. It is essential to ensure that any free trade agreement between the EU and the UK sealed by the negotiators is acceptable to all 27 states from […]
USD / CAD struggles near 1.2860-50 region ahead of US and Canadian jobs report
USD / CAD consolidates recent losses to the lowest level since October 2018. The USD remains under pressure amid hopes for US fiscal stimulus and easing of the Fed’s monetary policy. Bullish oil prices support the CAD and limit any significant rise in the pair. Friday’s monthly jobs report from the United States and Canada […]
AUD / USD retraces from multi-year highs and moves with modest losses around the 0.7420 region
Weaker-than-expected Australian retail sales trigger profit-taking around AUD / USD on Friday. Market optimism weighs on the safe-haven USD and could help limit the slide. Investors await the release of the US monthly NFP employment report for further momentum. The pair AUD/USD moves lower during the European session on Friday, staying near the lower end […]
USD / JPY consolidates in a range around the 104.00 level before the NFP
USD / JPY manages to bounce around 20-25 pips from the lows, although it lacks continuation. Fiscal stimulus in the US and pessimistic expectations from the Fed weigh on the USD and limit the pair’s gains. Optimism for the COVID-19 vaccine weighs on the JPY and helps limit the slide before the NFP. The pair […]
NZD / USD pulls back from 0.7100 as Kiwi bulls take a breather
NZD / USD has pulled back from highs above 0.7100 in recent trading amid profit taking. NZD underperforms in the G10 on Thursday but remains one of the stars for the past month. A series of profit-taking has brought the NZD / USD from the 0.7100 level, which the pair briefly surpassed on Thursday. At […]
