The USD / CAD is pushing lower at the beginning of the week. WTI is trading at its highest level in more than two months near $ 43. The US dollar index extends the decline to 92.00. The pair USD / CAD is slipping on Monday as rising crude prices help the commodity-related CAD outperform […]
Tag: Foreign exchange
Look back at 1.1920
EUR / USD finally manages to break above the 1.1900 mark on Monday. Above 1.1900, the pair is targeting the peak of the month at 1.1920 (Nov 9). The EUR / USD broke above the 1.19 barrier and seeks to consolidate the breakout of a multi-session range breakout. If buying interest accelerates, the bulls are […]
NZD / USD rises to the highest level in almost two years above 0.6960
NZD / USD is building on the gains of the last week on Monday. Broad-based USD weakness helps pair climb. Risk flows are likely to dominate the markets during the US session. The pair NZD / USD it closed the previous three weeks in positive territory and retained its bullish momentum at the beginning of […]
USD / CHF drops to two-week lows, around 0.9075 region
USD / CHF saw some new selling on Monday and broke below a multi-day trading range. The Fed’s dovish expectations continued to weigh on the USD and put some pressure on the pair. The bullish market sentiment could undermine the safe haven CHF and help limit deeper losses. The pair USD/CHF it weakened further below […]
It keeps raising the odds of a visit to the 2020 low of 91.74
The DXY loses more ground and falls to the 92.00 region. A further drop is still likely with the next target near 91.70. The US Dollar Index (DXY) resumed bearish runs on Monday and is looking to break the eight-month support line after Friday’s marginal gains. The outlook for the dollar remains negative, and therefore […]
Bearish pressure eases above 124.00
EUR / JPY bounces from lows and tests the 123.50 area. The 100-day moving average around 124.00 emerges as the next target. EUR / JPY rallies from last week’s lows from the area below 123.00 and manages to regain the 123.50 region on Monday. Meanwhile, while further pullbacks are not ruled out, a break above […]
AUD / USD remains firm above 0.7300 and targets November 2020 highs
AUD / USD starts the week on a positive note. The DXY falls to the lows since September and tests 92.00. AUD / USD closed last week with small gains and maintained the positive tone at the start of the current one. The price rose to 0.7336, the highest level in six days in the […]
USD / JPY: A dip to 103.18 seems unlikely in the short term
USD / JPY still risks falling further, but a move to the 103.18 level looks unlikely on the short-term horizon., in the opinion of UOB Group currency strategists. Key Comments: 24 hour view: “Last Friday, we held the view that USD / JPY ‘could fall to 103.60 first before a more sustained rally can be […]
EUR / GBP falls to two-week lows below the 0.8900 level
EUR / GBP is witnessing strong selling for the second day in a row on Monday. The British pound receives a strong boost following the release of the optimistic UK PMI. A modest rally in the common currency could help limit losses, at least for now. A sudden rally in the British pound has dragged […]
Bulls challenge two-month ascending channel resistance
GBP / USD gains strong positive traction on Monday and rises above the 1.3350 region. Intraday momentum pauses briefly near the resistance of the ascending channel. The GBP / USD pair has extended its intraday gains and has soared to the highest level since September 2, around the 1.3380 region during the first half of […]
