The DXY index is holding around the 92.00 level so far. US GDP is expected to expand 33.1% during the third quarter. Initial US jobless claims fell short of estimates and rose by 778,000 last week. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, keeps […]
Tag: Foreign exchange
USD / JPY moves little after US mixed macroeconomic data, awaiting FOMC Minutes
USD / JPY balanced between tepid gains / minor losses during the early North American session. The USD’s sustained sell bias kept the intraday move attempt at bay amid a softer tone of risk. The USD remained depressed after mixed macroeconomic data from the US and before the minutes of the FOMC meeting. The pair […]
EUR / USD marks daily lows below 1.1900 ahead of US data.
Euro falls back after having traded at highs in almost three months against the dollar. Ahead: various US economic reports and Fed minutes. The EUR / USD climbed at the start of the European session to 1.1933, the highest level since September 1. Then it lost momentum and recently fell to 1.1881, the new low […]
USD / JPY bounces towards the 104.50 zone awaiting US data.
Yen remains weak as stocks rally on Wall Street, although it regained ground on Wednesday. USD / JPY continues with a downtrend in the medium term, uncertain in the very short term. USD / JPY is trading flat on Wednesday after climbing from 103.75 to 104.75 (Tuesday’s high). It has stabilized near 104.50, awaiting economic […]
The next target is now at 1.1965
EUR / USD is moving higher and reaches monthly highs near 1.1930. Immediately to the upside is now the 1.1965 level (August 18). The EUR / USD pair continues to strengthen and advances to new monthly highs in the 1.1925 / 30 region on Wednesday. Surpassing this region in a sustainable manner should again point […]
Increase the odds of a move to 91.70
The DXY index briefly breaks below the key support of 92.00 on Wednesday. Lower down are the yearly lows near 91.70 (September 1). The DXY index appears to have found initial support at the 91.95 / 90 region, where it finds a Fibonacci retracement from the 2017-2018 dip. The short-term outlook remains bearish, leaving the […]
Attention remains at 125.00
EUR / JPY struggles to find a direction above the 124.00 level. Investor attention remains on the monthly highs just above 125.00. The EUR / JPY bounce off last week’s lows just below 123.00 appears to have encountered stiff short-term resistance around the 124.50 region for the time being. Exceeding this region should allow a […]
EUR / GBP rises to new weekly highs around 0.8925-30 region
EUR / GBP gains continuation traction for the second day in a row on Wednesday. Not-so-optimistic Brexit news weighs heavily on the British pound and continues to support the pair’s upward move. The crossing EUR/GBP has reversed an initial drop below the 0.8900 level and has soared to new weekly highs, around the 0.8925-30 region, […]
The European Union is poised for a no-deal Brexit scenario – Ursula von der Leyen
The President of the European Commission, Ursula von der Leyen, made some comments related to Brexit in the last hour and raised doubts about the prospects for a deal. Featured statements: There is some progress in the Brexit negotiations.There are still differences on three key issues.I cannot say if there will be an agreement with […]
GBP / USD returns initial gains and falls back to the 1.3350 region
GBP / USD is struggling to hold onto early gains and is witnessing a modest intraday pullback. The not-so-optimistic comments about Von der Leyen’s Brexit weigh on the British pound. A weaker dollar helps limit the slide ahead of US macro data and FOMC minutes. The pair GBP/USD it has rapidly retraced more than 50 […]
