News that Brexit negotiations have entered the “tunnel”, with a deal expected by the end of the week, has pushed GBP / USD above 1.3400. Previous resistance around 1.3400 could now offer solid support, and GBP / USD is likely on the horizon for a test of the year-to-date highs. The pound It has rocketed […]
Tag: Foreign exchange
EUR / JPY breaks above 125.00 and jumps to the maximum since mid-September
The euro soars against the yen on the back of the EUR / USD rally above 1.2000. The yen falls across the board affected by appetite for risk. The EUR/JPY it broke a key resistance area around 125.10 and jumped to 125.79, reaching the highest level since September 14. The pair is up over a […]
The US dollar index down near 91.70, attentive to Powell’s statements
DXY remains bearish tone unchanged on Tuesday. Powell will testify before the Senate later in the session. The Manufacturing ISM is estimated at 58 in November (from 59.3). The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, leaves Monday’s advance behind and refocuses on the downside. US Dollar […]
USD / MXN resumes downward path and approaches 20.00 after having climbed to 20.20
Mexican peso advances against the dollar, but is still limited by 20.00. USD / MXN had the lowest monthly closing since February in November. USD / MXN is falling on Tuesday in a climate of optimism in stocks that is reflected in the new record highs in the main Wall Street indices. The pair’s price […]
USD / JPY remains green near 104.40 despite widespread USD weakness
USD / JPY is holding on to small daily gains backed by risk flows. The US Dollar Index remains quiet around 91.80 on Tuesday. The major Wall Street indices appear to be opening sharply higher. The pair USD/JPY It closed the first day of the week in positive territory and rose slightly on Tuesday as […]
USD / TRY firmer, bounces away from 7.8000 zone
USD / TRY adds to Monday’s gains and is approaching 8am. Weekly support emerges in the region of 7.74 (Monday). Turkey’s manufacturing PMI fell to 51.40 in November. The lira starts the week on the defensive and raises the USD/TRY back to the 7.90 region on Tuesday. USD/TRY se acerca a 8.00 USD / TRY adds […]
AUD / USD turns away from daily highs and stabilizes around 0.7350 ahead of Powell’s testimony
AUD / USD is trading in a tight range after Monday’s slide. The RBA kept its monetary policy unchanged as expected. Risk appetite continues to weigh on the USD. The pair AUD/USD it lost 50 pips on Monday and struggled to make a significant bounce on Tuesday. At time of writing, the pair was up […]
USD / CAD moves away from day’s lows, still below 1.3000
USD / CAD continues to trade below 1.3000 on Tuesday. Oil is clinging to modest daily gains, targeting OPEC +. The US Dollar Index remains in negative territory below 92.00. The USD / CAD closed on Monday with small gains at the 1.3000 zone. On Tuesday it began to move lower in the Asian session […]
Focus remains at 2020 high above 1.2000
EUR / USD resumes the rally on Monday. Above, the focus is on the highs of the current year 1.2010 / 15. EUR / USD regains lost ground on Monday and once again tests the 1.20 hurdle after reversing direction on Tuesday. Initially, the continuation of the bull run appears to be on track to […]
More casualties target 90.00
The DXY revolves around the eight-month support line near 91.70. The index registered new lows for this year in the 91.50 zone on Monday. The bearish momentum surrounding the dollar remains unchanged and led the US dollar index (DXY) to hold in the 91.70 region so far, where the eight-month support line is located. Against […]
