EUR / GBP fails near 0.8940, retreating to the 0.8900 zone. Brexit uncertainty hurts the pound. The euro remains dangerously close to the 0.8860 support zone. The euro it appreciated in early trading Thursday, after rebounding from Wednesday’s lows of 0.8890, although the bulls have lacked a follow-through at the 0.8940 zone, and the pair […]
Tag: Foreign exchange
EUR / JPY recovers above 124.00, maintains daily losses
EUR / JPY is still capped at 124.50 and 125.00. The bullish momentum loses steam, the euro is back above 124.00. The EUR/JPY it is falling after gaining 150 pips in three days. It peaked slightly above 124.50 on Thursday, the highest level in two weeks before turning lower. It bottomed out at 123.90, a […]
USD / JPY remains on track to close modestly lower around 104.30
USD / JPY is posting small daily losses on Thursday. The DXY US Dollar Index appears to close slightly above 92.00. The US stock and bond markets are closed due to the Thanksgiving holiday. After closing virtually unchanged at 104.45 on Wednesday, USD / JPY has moved slightly lower and appears to have stabilized around […]
EUR / USD extends correction below 1.1900
EUR / USD turns negative after hitting 2-month highs. The ECB minutes indicate that the recovery in the region has lost traction. German consumer confidence deteriorates in December. Sellers have made a comeback after hitting new recent highs and have dragged the EUR / USD pair below the 1.1900 level Thursday. EUR / USD weaker […]
USD / CAD remains flat near 1.3000 despite falling crude oil prices
USD / CAD is trading little changed around 1.3000 on Thursday. WTI makes a technical correction after a six-day winning streak. The US Dollar Index is holding on to small gains above 92.00. The pair USD / CAD It is moving into an extremely tight trading range on Thursday and remains on track to close […]
GBP / USD extends decline below 1.3340
The pound is losing ground modestly throughout the market. GBP / USD cuts streak of four days in a row with rises. The GBP / USD is losing ground on Thursday after having risen during the previous four trading days. It has just set a new low for the day at 1.3324, and is trading […]
USD / CHF registers modest recovery from 2-week lows, lacks tracking
A modest rebound in the USD helped the USD / CHF to rebound from the two-week lows. The revival in safe haven demand could benefit the CHF and limit any further hikes. Diluted liquidity during the holidays could prevent traders from placing aggressive bets. The pair USD/CHF It built on its intraday bounce from lows […]
EUR / SEK declines from daily highs near 10.20
EUR / SEK reversed the recent drop and approached 10.20. So far, a solid support arises in the 10.10 region. The Riksbank kept the policy rate unchanged at 0.00%. The Swedish krona is cutting back some of recent gains and motivates the EUR / SEK to bounce away from recent lows and approach the 10.20 […]
USD / MXN returns above 20.00 after having the lowest close since March
Mexican peso loses strength against the dollar on Thursday. USD / MXN maintains intact downtrend, pointing towards 19.55. USD / MXN is rising modestly on Thursday, with stocks retreating slightly. The price had the lowest close since March on Wednesday just below 20.00, and on Thursday it returned above. It is trading at 20.05, with […]
USD / TRY falls to 2-day lows near 7.8500
USD / TRY adds to Wednesday’s losses around 7.85. The CBRT Minutes confirms the recent orthodox turn in monpol. Turkey Economic Sentiment and CBRT FSR expire on Friday. The Turkish lira advances further and forces the USD/TRY to fall to 2-day lows in the 7.85 region on Thursday. USD / TRY upside appears limited above […]
