USD / JPY is witnessing some selling on Thursday amid persistent selling around the dollar. Optimism over the COVID-19 vaccine could limit the JPY’s gains as a safe haven and help limit the pair’s slide. Weakened liquidity conditions due to the Thanksgiving holiday could prevent investors from opening new bearish positions. The pair USD/JPY has […]
Tag: Foreign exchange
Holzmann says the possibility that new political tools could be implemented cannot be ruled out
The member of the governing council of the European Central Bank (ECB), Robert Holzmann, said on Thursday that there are signs of a sustainable recovery from mid-2021. Additional comments: The possibility that the ECB could implement new political tools cannot be ruled out. Purchases from Pandemic Emergency Purchasing Program worked and they helped reduce spreads. […]
AUD / USD consolidates near multi-week highs above 0.7350
AUD / USD remains trapped within a range during the European session on Thursday. The lousy data from Australia limits any significant gains for the AUD. The drop remains limited amid optimism about a vaccine for COVID-19. The pair AUD / USD is moving within a tight range during the European session on Thursday, above […]
US Dollar DXY Index Falls Below 92.00 Level
The DXY index extends the move lower and falls below 92.00. Hopes for vaccines and increased stimulus support risk appetite in markets. US markets are closed due to the Thanksgiving holiday. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains under pressure for another day […]
GBP / USD falters below 1.3400 level and falls into negative territory
GBP / USD is once again struggling to capitalize on its intraday rally to the 1.3400 area. The anxiety around Brexit prevents investors from opening new bullish positions and limits the rise of the pair. A subdued demand for the USD could help limit the slide amid the Thanksgiving holiday. The pair GBP/USD has rapidly […]
USD / JPY keeps navigating within the range 103.70-105.30 – UOB
In the opinion of the currency strategists of UOB Group, the USD / JPY looks between 103.70 and 105.30 in the short-term horizon. 24 hour perspective: “The USD traded between 104.24 and 104.59 yesterday before closing little changed at 104.45 (+ 0.02%). The range was narrower than our expected range of 104.20 / 104.80. Price […]
GBP / USD now focuses on 1.3480 – UOB
The bullish momentum of the pound has improved and could try move to 1.3480 in the next few weeks, as suggested by the currency strategists of UOB Group. 24 hour perspective: “We highlighted yesterday that we saw possibilities for the British pound to rise to 1.3400. We added that the outlook for a sustained advance […]
EUR / USD now points towards – UOB
The currency strategists of UOB Group they pointed out that the EUR / USD could gradually approach 1.1980 in the coming weeks. 24 hour perspective: “We expected the EUR to strengthen yesterday and we are of the opinion that a breakout of 1.1920 could trigger more buying towards the next resistance at 1.1955. While the […]
GBP / USD continues to rise and is approaching the 1.3400 zone
GBP / USD is appreciating for the fourth day in a row and is approaching 1.3400. The pound ignores the historic budget deficit and bleak economic outlook. GBP / USD is still targeting 1.3400 and above – UOB. The pound sterling it continues to trade strongly and appreciated for the fourth day in a row […]
Euro points towards 125.00 resistance zone
The EUR / JPY rally extends above 124.00 and is approaching the 125.00 resistance area. The immediate support levels are 124.15 and the 50-day SMA at 123.60. The euro extended its uptrend against the Japanese yen on Wednesday, breaking above the 100-day SMA at 124.00, hitting two-week lows at the 124.50 zone. Technical indicators on […]
