Euro bounces against the dollar, and is back near 1.2000. The dollar shows no clear direction on Tuesday, stocks rise. The EUR / USD rose to 1.1984 hours ago reaching a new high for the day. It then made a pullback and is trading around 1.1965, in positive territory and rebounding after Monday’s slide, when […]
Tag: Foreign exchange
More gains are expected above 125.00
EUR / JPY is approaching the key barrier of 125.00 on Tuesday. In case of leaving this level behind, the next target is 127.00. The EUR / JPY left behind Monday’s negative tone and resumed its rise towards the key 125.00 zone. If this major hurdle is overcome in the short term, then there are […]
US dollar DXY index remains under pressure around 91.70 ahead of Powell and US data.
The DXY index remains under pressure well below the 92.00 level. The appetite for risk prevails among market participants. Powell’s testimony and ISM manufacturing PMI data stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains under pressure below the […]
GBP / USD faces additional gains above 1.3365
Prospects for further gains for GBP / USD remain above 1.3365 in the short term, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday, we held the view that ‘the rebound in the British pound has room to extend higher but any advance is likely to be limited to a test of […]
EUR / USD now focused on 1.1980
UOB Group currency strategists expect more gains on the EUR / USD as long as it remains above the 1.1980 level in the coming days. Key Comments: 24 hour view: “We highlighted yesterday that ‘the bullish momentum is strong and the EUR / USD is likely to continue to advance.’ We added, ‘the yearly high […]
Recovers above 100 hourly SMA, Monday low is key support
EUR / USD is moving above the 100 hourly SMA during the Asian session. The bulls failed to secure a close above 1.20 on Monday. EUR / USD’s slide below the 100 hourly simple moving average was short-lived. The pair is currently trading above the key Simple Moving Average (SMA) located at 1.1925, after hitting […]
USD / CAD remains below 1.3000 ahead of key economic data release
USD / CAD hit new multi-year lows on Monday, but rebounded sharply. However, sellers entered hard below 1.3000 to keep the pair subdued as the focus shifts to the crucial data this week. The USD / CAD It has been oscillating today between fresh multi-year lows just below 1.2930 and highs of 1.2990. The move […]
NZD / USD retraces from highs of 0.7050 but remains elevated
NZD / USD briefly touched 0.7050 on Monday, before an attack of strength by the USD at the end of the month sent the pair lower. However, the pair found solid support at 0.7010, and is now consolidating around 0.7030. The NZD / USD It briefly eclipsed the 0.7050 level on Monday, before retreating sharply […]
EUR / JPY well below the highs as the pair fails to set a new monthly high above 125.14
The EUR / JPY approached November highs at 125.14 and has since reversed sharply below the 125.00 level. However, the pair is still trading with reasonable gains on the day, as the JPY generally ends a bad month. The EUR/JPY it was within 1 pip of the equal monthly highs set on November 9 immediately […]
EUR / USD reverses and turns negative below 1.1950
The euro reverses against the US dollar and turns negative from three-month highs. EUR / USD is still heading for the best month since July. The EUR/USD It turned lower during the US session amid a rally in the US dollar across the board and as stock prices on Wall Street hit new lows. The […]
