GBP / USD regains lost ground to hit levels before 1.3300. Upbeat comments from Brexit negotiators boost the pound. GBP / USD is likely to extend above 1.3280 – UOB. The pound traded higher on Friday, extending its bounce from Thursday’s lows at 1.3195 to session highs a few pips below 1.3300, where the bulls […]
Tag: Foreign exchange
USD / CAD rises back towards 1.3100 after lousy Canadian PMI
USD / CAD has seen a strong reversal to the upside, having been close to hitting fresh weekly lows below 1.3040. The pessimistic comments from Canadian health officials and Prime Minister Trudeau appear to have contributed to sour sentiment in the CAD. The USD / CAD has seen a strong reversal from lows near 1.3040 […]
AUD / USD bullish reaction hits resistance at 0.7320 area
AUD / USD recovery from 0.7250 stalls below 0.7320 The Australian dollar appreciates as market sentiment improves. AUD / USD: Unlikely to rise above 0.7350 – Westpac The australian dollar it rose on Friday, rebounding from 0.7250 to regain most of the ground lost on Thursday, before hitting resistance at 0.7320. The pair, however, remains […]
NZD / USD bullish, reaches highest levels since 2018 above 0.6950
NZD / USD bulls pushed the cross above the Q1 2019 double top on Friday, bringing the pair to its highest levels since 2018 and above 0.6950. Kiwi bulls appear eager to headline a strong 2021 anticipated for New Zealand, also emboldened by the country’s success against the virus. The NZD / USD it is […]
GBP / USD bullish just below 1.3300
GBP remains buttressed on Friday amid the feeling that a Brexit deal is near, as long as leaders can make the big decisions. GBP / USD is trading in the upper half of the 1.3200-1.3310 range that it has been in for most of the week. The GBP/USD it is trading at the top of […]
EUR / USD lateralized around 1.1870
EUR / USD alternates gains and losses around 1.1870. Daily support emerges at 1.1850 so far. The EUR/USD maintains the daily range unchanged and operates around the 1.1870 zone after the Eurozone consumer confidence data came out just one tenth better than expected in its preliminary November reading, -17.6 versus -17.7, worsening the -15.5 October. […]
USD / CHF falls back to 0.9100 as USD struggles to find demand
USD / CHF remains on track to close the week lower. The US dollar index struggles to gain traction on Friday. Fed’s Evans says QE could be improved in spring. The pair USD/CHF it rose above 0.9120 during the European session, but turned south in the early hours of US trading. At time of writing, […]
USD / JPY remains confined to a tight range below 104.00
USD / JPY found some support in reports on the resumption of the US tax aid talks. COVID-19 jitters, dovish Fed expectations, and falling US bond yields weighed on the USD. A softer risk tone benefited the safe haven JPY and limited the pair’s rise. The pair USD/JPY it extended its sideways consolidation price action […]
USD / MXN falls to 10-day lows and continues to approach 20.00
Mexican peso continues to advance and retests 20.00. USD / MXN on track to have the lowest weekly close since March. The USD / MXN is falling on Friday for the second day in a row and it is doing so moderately. Losses are still contained above 20.00. The price continues to approach that key […]
USD / CAD marks new lows below 1.3050 after data from Canada and dollar weakness
USD / CAD continues to press against weekly lows. Loonie is unchanged after data from Canada. The USD / CAD is trying to break away permanently from the 1.3050 zone and has just marked lows for the day at 1.3046. The pair is targeting this week’s lows at 1.3033. Data from Canada showed a higher […]
