EUR / GBP breaks the resistance of 0.89940 and is approaching 0.9000. The pound weakens in the face of Brexit uncertainty and the Scottish independence referendum. The break of 0.9000 would improve the short-term bias of the euro. The euro it has accelerated its recovery from the lows of 0.8865 earlier this week, appreciating to […]
Tag: Foreign exchange
USD / CAD down from 1.3000
USD / CAD has continued to decline since falling below 1.3000, despite somewhat reduced volumes and uneventful markets. The impetus for the move has been a broad softening of the US Dollar, with DXY dipping below 92.00. The USD / CAD is just above the day’s lows below 1.2980, the pair has been gradually declining […]
GBP / USD falls back to 1.3300 amid tight forex market conditions
GBP / USD has dropped to 1.3300 in recent trading, around which it is currently consolidating. There appears to be no new news to fuel the move, although there has been widespread pessimistic sentiment regarding Brexit negotiations this week. No new news is driving the movement, but the GBP/USD it has returned to the lows […]
NZD / USD rises to new two-year highs near 0.7040
The kiwi is heading for the fourth consecutive weekly gain against the US dollar. NZD / USD remains above 0.7000, reinforcing the bullish momentum. The pair NZD / USD it rose to 0.7038 driven by a weaker US dollar across the board and hit the highest level since June 2018. It then fell back modestly, […]
AUD / USD rises to 0.7400 as DXY falls below 91.80
AUD / USD continues to rise in the American session. The major Wall Street indices are trading in positive territory. The US dollar index falls to its lowest level since early September. The pair AUD/USD it retained its bullish momentum during US trading hours on Friday and touched its highest level in nearly three months […]
EUR / USD sets new monthly highs near 1.1950
Dollar weakness propels EUR / USD towards 1.1950. EUR / USD heading to the highest close in over two years. The EUR / USD broke higher and climbed to 1.1948, reaching the highest level since early September. The price remains in the zone of the highs with the bullish tone intact. The increases are driven […]
GBP / USD is recovering sharply from lows, operating near 1.3350
GBP / USD has recovered from the lows initially touched at 1.3300 to trade near the middle of its recent range at 1.3350. The Brexit talks drag on with no signs of any progress yet, fueling range-bound GBP / USD conditions. The GBP/USD It has recovered sharply from lows of 1.3310 earlier in the session […]
USD / CHF retraces from highs, still bullish around 0.9065-70 region
USD / CHF gained positive traction on Friday and broke a three-day losing streak. The optimism of the COVID-19 vaccine weighed on the CHF safe haven and remained supportive. The weaker USD kept any significant gains capped, justifying bullish traders’ caution. The pair USD/CHF It maintained its positive tone during the first North American session, […]
USD / TRY bounces away from 3-day lows near 7.75
USD / TRY loses more momentum and tests the 7.76 zone. Turkey’s economic sentiment index fell to 89.50 in November. The lira remains supported by the recent orthodox measures of the CBRT. The Turkish lira extends the bullish momentum in the second half of the week and drags the USD/TRY to new 3-day lows at […]
USD / JPY cuts intraday losses, remains above 104.00
USD / JPY remained depressed during the first half of trading action on Friday. A softer tone around the USD, falling US bond yields put some pressure on. Optimism from the COVID-19 vaccine undermined the safe haven JPY and helped limit losses. The pair USD/JPY it remained depressed during the first European session, although it […]
