The DXY Index drops below the 91.00 support at fresh 32-month lows. Lingering optimism in risk appetite weighs on the dollar. ISM’s initial jobless claims and non-manufacturing PMI stand out on today’s economic calendar. The selling bias around the dollar gains an additional rhythm and drags the US dollar DXY index to new 32-month lows […]
Tag: Foreign exchange
EUR / USD retraces from 2020 highs near 1.2140
EUR / USD is moving higher and testing the 1.2140 region at new 32-month highs. Vaccine news and stimulus hopes keep the pair rising. The German and eurozone services PMIs remain within contraction territory. The bullish momentum in the common currency remains firm and lifts EUR / USD to new 32-month highs at 1.2140. EUR […]
It rallies to the 1.3400 region as the bulls target channel resistance
GBP / USD is moving higher during the first half of trading action on Thursday. The technical setup favors the bulls and supports the prospects for additional earnings. Only a sustained break below the 1.3285-80 region will negate the positive bias. The GBP / USD pair has regained positive traction on Thursday and has built […]
USD / CHF falls below 0.8950 to its lowest level since January 2015
USD / CHF remains under pressure for the third day in a row on Thursday. Hopes for more fiscal stimulus in the US weigh on the USD and put pressure on the pair. Optimism for the COVID-19 vaccine does not offer any support or stop the downtrend. The pair USD/CHF continues to lose ground during […]
USD / JPY extends retracement towards 104.30 / 25 region
The sustained selling bias of the USD fails to help the USD / JPY capitalize on its initial rally to the 104.55 zone. Optimism about the COVID-19 vaccine weighs on the safe-haven JPY and could help limit the pair’s losses. Investors focus on initial weekly jobless claims and US ISM services PMI. The pair USD/JPY […]
EUR / USD turns focus to 1.2200 level – UOB
In the opinion of the currency strategists of UOB Group, el EUR / USD could now attempt a move to the 1.2200 mark in the coming weeks. 24 hour perspective: “We highlighted yesterday that a solid momentum suggested further strength in the EUR. We added that the next resistance was at 1.2100 followed by 1.2130. […]
Dollar Index Could Fall 10% Over Next 12 Months – Morgan Stanley
The US dollar could fall 10% over the next 12 monthsMorgan Stanely’s Mike Wilson told Bloomberg while rating a weak dollar as part of the investment bank’s reflation story. The thesis is that the dollar should be weaker as the United States is likely to be more aggressive with structural deficits in the future. Analysts […]
NZD / USD in range but looking to test recent highs of 0.7084
The NZD / USD is trading flat on the day just above 0.7060, having oscillated between highs above 0.7080 and lows below 0.7040. The pair continues to trade within an uptrend channel and the eyes of the bulls are pointing to new multi-year highs. The NZD / USD It has been oscillating / in range […]
AUD / USD is just shy of November highs at 0.7407
AUD sentiment has improved, perhaps as a late reaction to Wednesday’s strong GDP figures. AUD / USD was one step away from November highs at 0.7407. The AUD/USD has seen a recovery in recent trading, and the pair continues to rally from previous lows to above 0.7400. AUD / USD simply missed breaking above the […]
GBP / JPY bounces from lows of 139.00, but the pound continues to struggle
GBP / JPY has recovered sharply from previous lows below the 139.00 level to above 139.50. However, the British pound continues to struggle as Brexit optimism fades and is the worst performing G10 currency. The GBP/JPY it has rebounded sharply from lows below 139.00 set shortly before the US cash open at 14:30 GMT. Currently […]
