USD/TRY’s decline meets support near the 100-day SMA. The lira extends gains for the second session in a row so far. Investors continue to closely follow the CBRT and domestic politics. The Turkish lira leaves behind part of the recent gains and pushes USD/TRY back to the 7.60/65 band at the end of the week. […]
Tag: Foreign exchange
AUD / USD rises above 0.7300 backed by risk flows
AUD / USD gained traction ahead of the US session. The bullish market mood helps the AUD gain strength on Friday. The US Dollar Index is unchanged on the day near 93.30. After spending most of the day fluctuating in a relatively narrow range below 0.7300, the pair AUD/USD It started to rise and touched […]
GBP / USD remains stable near daily highs, just below 1.3300
The GBP / USD pair gained positive traction on Friday and appeared unaffected by the Brexit headlines. The EU envoys were informed that the Brexit talks remain unresolved on three key points. A dovish USD price action did not influence or boost the pair. The pair GBP/USD it maintained its intraday gains during the middle […]
Bearish pressure eases above 93.20
DXY without a clear direction on Friday near 92.30, although still showing weakness. A further drop is still likely with the next target near 91.70. The US Dollar Index (DXY) continues to struggle to reverse six consecutive sessions with losses around the six-month support line at the 92.30 / 20 band at the close of […]
Ups still face a strong barrier at 1.1900
EUR / USD extends the sideways rally theme below 1.19 on Friday. Above 1.1900 appears the resistance of 1.1920, the maximum of November. EUR / USD remains well immersed in a consolidation at the upper end of the weekly range, albeit always in the area below 1.1900. In case the euro weakens, then there is […]
Bearish pressure remains firm
The EUR / JPY retracement found support at the 122.80 region. Immediately to the downside, the September lows appear near 122.40. EUR / JPY is looking to move further away from the weekly lows near 122.80 (Thursday), although bullish attempts are being limited for the time being. Meanwhile, the odds of a move to the […]
NZD / USD is pressing again against 0.6942 / 45 – Credit Suisse
The NZD / USD is pressing again against the 0.6942 / 45 resistance and Credit Suisse analysts expect a clear breakout in due time, with the next key level at 0.6970. Key statements: “The NZD / USD is making another attempt at key 2019 resistance and recent highs at 0.6942 / 45. Although we could […]
EUR / USD loses moment near 1.1900 and falls to 1.1850
Once again the EUR / USD loses flight just below 1.1900. Without relevant data ahead, statements and Wall Street could define the trend. The EUR / USD again reversed the trend just below the 1.1900 zone and fell back to 1.1850, the new low of the day. The pair continues to travel in ranges, within […]
US dollar DXY index rises to daily highs around 92.40 level
The DXY index reverses the recent drop and climbs back to the 92.40 region. The markets’ attention remains on the pandemic, the Fed and politics. The absence of US data releases leaves the focus on risk trends. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
EUR / GBP flirts with daily lows around the 0.8925 region
EUR / GBP is witnessing some new selling on Friday and returns the positive movement of the previous day. The not-so-positive developments around Brexit raise hopes for an extension of the transition period. The pessimistic expectations of the ECB weighed on the euro and further contributed to the selling bias. The crossing EUR/GBP has seen […]
