USD / CHF broke the one * week trading range on Monday. The renewed strength of the USD lifted USD / CHF to a new weekly high. The US Dollar Index remains above 92.50 after a PMI-inspired rally. The pair USD/CHF It passed the Asian session moving sideways around 0.9100 and down to the 0.9080 […]
Tag: Foreign exchange
USD / JPY jumps to week-long highs after US data, finds resistance around 104.60
The yen falls against the US dollar following better than expected US data. USD / JPY rebounds sharply, but the trend still points to the downside. The USD/JPY it jumped nearly a hundred pips from 103.70 to 104.63, hitting the highest level since Nov. 16 due to a rally in the US dollar across the […]
USD / CAD cuts daily losses, stabilizes around 1.3100 after DXY bounce
USD / CAD gained traction and rose above 1.3100 during the US session. The optimistic performance of crude oil helps the CAD limit its losses. Economic activity in the US private sector continued to expand in November. After falling to the 1.3050 zone during European trading hours, the pair USD / CAD it reversed its […]
EUR / USD falls to 1.1800 as the US dollar retreats sharply
The US dollar is skyrocketing across the board after US economic data. EUR / USD falls from near-key medium-term resistance to weekly lows. The EUR/USD It fell sharply almost a hundred pips in a few minutes from the 1.1900 to 1.1799 area, reaching the lowest level since November 12. It then recovered modestly and at […]
GBP / USD falls sharply from highs and returns below 1.3300 following dollar resurgence
GBP / USD has seen a sharp reversal below 1.3300 in recent trading amid a resurgence in the US dollar due to strong PMI data. If anything, GBP / USD remains the best performing major USD pair on the day, fueled by Brexit hopes and the incoming end of the national lockdown. The cross achieved […]
AUD / USD returns below 0.7300 as USD rallies after PMIs
AUD / USD has reversed previous gains and is now trading below 0.7300 again amid a recovery in the USD following strong PMI data. Ahead of the US data, the Australian dollar also took a hit as Trump’s top administrative officials signaled a push for new hardline measures against China. AUD / USD has now […]
EUR / USD plunges from 2-week highs to 1.1800
Strong rise in the dollar after PMI data. EUR / USD reverses dramatically from near highs in months to lows in days. EUR / USD changed dramatically out of trend following the release of November PMI data from the US which came as a positive surprise. The pair was trading in the two-week high zone […]
USD / TRY rises to multi-day highs near 7.90
USD / TRY regains bullish traction and is approaching 7.90. The lira continues to give away gains after the recent rally. Investors are closely following the post-CBRT exchange rate rise. The Turkish lira start the week on the defensive and raise the USD/TRY to multi-day highs near the 7.90 level. USD / TRY back to […]
GBP / USD extends the raises to the 1.3400 area
GBP / USD heading to the highest close in two years. The pound strengthened by expectations of agreement, the dollar weakened by rises in the stock markets. GBP / USD is rising strongly on Monday and is trading at the highest level in two and a half months. The price rose to 1.3397, and then […]
GBP / JPY rises to highs of over a week, looking for a move above 139.00
GBP / JPY gained strong positive traction for the second consecutive session on Monday. The British pound rose from the upbeat UK PMI and did not appear to be affected by Brexit anxieties. Optimism about COVID-19 vaccines undermined the safe haven JPY and remained supported. The crossing GBP/JPY jumped to seven-day highs during the middle […]
