A combination of factors helps GBP / USD regain some positive traction on Tuesday. The Fed’s pessimistic expectations and optimism for a COVID-19 vaccine weigh on the safe-haven USD. The British pound remains supported by hopes of a last-minute Brexit trade deal. The selling bias around the USD has accelerated at the start of the […]
Tag: Foreign exchange
GBP / USD looks for a move above 1.3400
UOB Group currency strategists see that GBP / USD will attempt to move above the 1.3400 level on the short-term horizon. Key Comments: 24 hour view: “While we expected GBP / USD to strengthen yesterday, we were of the opinion that ‘1.3360 is probably out of reach.’ The subsequent strength of the British pound exceeded […]
USD / CAD falls to fresh 13-day lows below 1.3040 horizontal region amid weaker USD and bullish oil prices
A combination of factors triggers new selling around USD / CAD on Tuesday. Pessimistic expectations from the Fed and optimism for the COVID-19 vaccine weighs on the safe-haven USD. Positive oil prices support the CAD and contribute to the intraday selling bias. The pair USD / CAD moves with a negative bias at the start […]
USD / JPY under pressure below 104.50 region
USD / JPY is moving lower at the start of the European session amid weaker tone around the USD. Pessimistic expectations from the Fed continue to put some downward pressure on the dollar. Optimism over the COVID-19 vaccine weighs on the safe haven JPY and could limit the slide. The pair USD/JPY remains under pressure […]
EUR / USD will trade 1.1760-1.1920 in the coming weeks – UOB
In the opinion of the currency strategists of UOB Group, EUR / USD is forecast to hold the 1.1760-1.1920 trading range in the coming weeks. 24 hour perspective: “Yesterday we expected the EUR to trade sideways within a range of 1.1840 / 1.1890. However, the euro rose to a high of 1.1905 and then fell […]
GBP / USD struggling to stay above 1.3315 after reversing from 1.3400
GBP / USD rejected at 1.3400, falls to session lows below 1.3300. The pound struggles to hold at multi-month highs as the US dollar recovers. GBP / USD may challenge 1.3482 – CitiBank. The reversal of the British pound From the 1.3400 area, its highest level since early September, it has been contained at 1.3265, […]
USD / TRY stabilizes near multi-day highs, visual test of key resistance zone 7.95-8.00
USD / TRY posted a sharp pullback to the upside on Monday, despite positive rhetoric from the CBRT governor. The pair appreciated more than 3% on the day, climbing above last week’s highs around 7.80 to get closer to 7.90. The USD/TRY it rallied higher on Monday, rebounding from Monday’s Asian session opening levels at […]
AUD / USD trades around 0.7300 with USD recovering
AUD / USD retraces below 0.7300 after failing at the 0.7335 / 40 resistance area. The Australian dollar capitulates against the strength of the US dollar. AUD / USD remains focused on 0.7345 – UOB. The australian dollar it has failed, once again, at the 0.7335 / 40 resistance area after a strong performance during […]
EUR / USD finds support at 1.1800 after rejection from 1.1905
EUR / USD falls back to the 1.1900 zone before dipping towards 1.1800. The euro sinks with the USD rebounding. EUR / USD faces stiff resistance at 1.1920. The euro It has failed to stay above 1.1900 once again on Monday and fell sharply from the two-week highs at 1.1905. The strong recovery of the […]
NZD / USD retreats from nearly two-year highs, but remains above 0.6900
The NZD / USD experienced a sharp reversal falling from nearly two-year highs just below 0.6970 to briefly below 0.6900. The driver for the reversal was a widespread recovery in the US dollar following strong PMI data, although negative news from the US and China also played a role. Since then the cross has rallied […]
