GBP / USD stops a rapid decline near the support of the 21-hour SMA. However, the bears continue to defend the 1.3300 level. Recent Brexit news suggests the UK hasn’t moved on three key issues. Having faced rejection once again below the 1.3300 level, GBP / USD has quickly lost 40 pips from the daily […]
Tag: Foreign exchange
USD / CAD struggles to find a direction trapped within a range below the 1.3100 level
USD / CAD is consolidating within a narrow range below the 1.3100 level on Friday. The nervousness around COVID-19 and the pessimistic outlook from the Fed weighs on the USD and limits the rise. A modest decline in crude oil prices weighs on the CAD and offers some support to the pair. The pair USD […]
USD / JPY below 104.00 level amid softer sentiment
Optimism about the resumption of the US tax aid talks helps the USD / JPY gain some traction. Nervousness around COVID-19, pessimistic market sentiment, and dovish Fed expectations limit the rise. USD / JPY is moving within a tight range at the start of the European session on Friday around the 103.80 level. Following the […]
The path of least resistance is down
The USD / CAD recovery is capped below 1.3100 so far on Friday. The technical setup on the 1-hour chart remains in favor of the bears. The focus is on global market sentiment and Canadian data for fresh momentum. USD / CAD has halted its recovery from Thursday’s low of 1.3062 and has encountered a […]
EUR / USD still targets 1.1920 – UOB
In the opinion of the currency strategists of UOB Group, el EUR / USD could break above the 1.1900 mark in the coming weeks. 24 hour perspective: “Yesterday we expected the EUR to move lower, but we are of the opinion that any weakness would be seen as a lower trading range of 1.1825 / […]
GBP / USD hits 1.3260 zone after bouncing from 1.3200
GBP / USD reaches 1.3260 and turns positive on the day. Brexit fears are controlling the longs of the pound. GBP / USD is still looking towards 1.3300 and above – UOB. The pound sterling It has erased previous daily losses, after bouncing around the 1.3200 zone, returning towards 1.3260 and turning positive on the […]
USD / CHF loses steam after rejection from 0.9130 resistance
USD / CHF recovery hits resistance at 0.9130 and retreats to 0.9110 zone The dollar reduces losses and hardly changes on the day. Speculation about the Fed’s easing in December is weighing on USD longs. The bullish reversal of the US dollar From the 0.9105 area seen during the early European session on Thursday it […]
AUD / USD stabilizes around 0.7270 but at risk of further losses
AUD / USD is firmly on the defensive Thursday, amid a broad recovery in the USD on an apparent upswing in pandemic / lockdown concerns. The AUD underperforms within the G10 despite the October labor market data figures. The Australian state of South Australia entering a lockdown is likely weighing in, the pair awaiting a […]
USD / JPY clears daily gains, falls below 104.00
The US dollar continues to face pressure against the yen. USD / JPY returns below the key zone of 104.00, targeting the November low at 103.15. The USD/JPY it fell further back during the US session and fell to 103.80. It remains on a bearish bias after being rejected above 104.00. The recovery of the […]
Below 20.20, it could test the critical zone of 20.00
The Mexican peso gains momentum during the US session and is heading towards the highest close since March. USD / MXN about to challenge the strong 20.00 barrier again. The USD/MXN it is falling on Thursday and recently fell back below 20.20. If it remains at current levels, it will post the lowest daily close […]
