GBP / JPY witnessed a modest pullback from the two-week high, breaking a four-day winning streak. Brexit anxieties caused a long period of decline around the British pound and put downward pressure. The recovery in safe haven demand benefited the Japanese yen and added to the intraday selling bias. It was seen that the crossing […]
Tag: Foreign exchange
AUD / USD extends lateral movement above 0.7350
AUD / USD is moving sideways within a very tight range. The DXY US Dollar Index posted modest gains above 92.00 on Thursday. The stock is likely to remain subdued for the rest of the day. The pair AUD/USD it closed the day before virtually unchanged and is still struggling to find a direction on […]
EUR / USD falls back to 1.1884 from two-month highs
The euro is still unable to confirm over 1.1900 against the dollar. ECB minutes point to action in December and give a low inflation outlook. The EUR / USD extended the pullback after hitting a two-month high at 1.1940 and fell to 1.1884. It is trading just below 1.1900, holding a bullish bias, but with […]
Flirt with daily lows near 1.3350, decline seems limited
GBP / USD retraces again from the resistance of the ascending channel, around the 1.3400 level. The setup still favors the bulls and supports the outlook for some lower buying to emerge. A sustained break below the 1.3270 support is needed to invalidate the positive short-term outlook. GBP / USD has continued its struggle to […]
DXY Price Analysis: More Falls Looks Possible
DXY meets discord in the vicinity of 91.80 on Thursday. Immediately downwards, the lows of this year appear at 91.74. The US Dollar Index (DXY) survives around the eight-month support line at the 92.00 area and has been able to bounce off previous lows at the 91.85 / 80 band so far. The outlook for […]
NZD / USD consolidates weekly gains around the 0.7000 level on a quiet day
The NZD / USD is moving sideways within a very tight range on Thursday. The US Dollar DXY Index recovers above 92.00 after falling to the lowest level since September. The Roy Morgan Consumer Sentiment Index will be released from New Zealand on Friday. The general weakness of the USD allowed the pair NZD / […]
A move to 1.20 is outlined
EUR / USD climbed to new two-month highs near 1.1940. A further move up could see 1.1965 retest (Aug 18). EUR / USD accelerates and hits new two-month highs in the vicinity of the 1.1940 level in the second half of the week. The bullish extension should put the recent peak at 1.1965 (Aug 18 […]
EUR / JPY retreats from two-week highs towards 124.00
EUR / JPY cuts three-day streak with gains and falls back from highs in weeks. Among today’s highlights: the ECB minutes. The EUR / JPY fell to 124.08 marking a new low for the day and extending the pullback after rising hours ago to 124.56, the high in two weeks.. The drop marks the first […]
EUR / GBP clings to modest gains above 0.8900 level but lacks continuation
EUR / GBP regains some positive traction for the third day in a row on Thursday. Brexit anxiety weighs on the GBP and continues to support the pair’s rally. A modest pullback in the common currency limits any significant rise in the pair. The crossing EUR/GBP moves with a slight positive bias during the European […]
Coveney says pending issues are proving very difficult
Irish Foreign Minister Simon Coveney commented on Brexit on Thursday, saying that conversations are at a delicate point and pending issues are proving very, very difficult. Additional comments: We recognize that the UK also has red lines. These negotiations they are in a very difficult point at this time. You are hoping for a positive […]
