The GBP / USD pair saw some knee-jerk selling with the news that Brexit talks had been temporarily halted due to fears of a Covid-19 outbreak among negotiators. The pair briefly fell below the 1.3200 mark, but the buyers came back quickly and pushed the pair back to 1.3250. The pound appears to have broken […]
Tag: Foreign exchange
EUR / USD retreats just above 1.1820, focus on pandemic and EU political developments
Amid a broad recovery in the USD since the end of the American session on Wednesday, the EUR / USD has once again dropped below 1.1850. The pair is hit by pandemic concerns and retreats near the day’s lows around 1.1820. The pair has broken down from a recent uptrend channel and its short-term bias […]
EUR / GBP bounces to 0.8960 after Brexit talks suspended after coronavirus case
Libra falls back after suspension of Brexit negotiations. EUR / GBP capped on the upside by 0.9000. EUR / GBP erased losses the day’s losses and rebounded from 0.8920 / 25 to 0.8960, after it was learned that the Brexit talks They were suspended after one of the negotiators of Michel Barnier’s team from the […]
USD / CAD clings to modest gains around 1.3100 after US and Canadian data
The USD / CAD pair continues to trade in positive territory around 1.3100. The US dollar index rises above 92.60 at the beginning of the American session. WTI reduces initial losses, turns positive on the day near $ 41.70. After advancing to a daily high of 1.3123 during the European session, the pair USD / […]
AUD / USD flirts with daily lows, just above 0.7250
A combination of factors triggered new selling around AUD / USD on Thursday. The weaker risk tone benefited the dollar as a safe haven and pushed flows away from the Australian dollar. The Fed’s dovish expectations limited the rise in the USD and could help limit further losses. The pair AUD/USD It maintained its offered […]
GBP / JPY reverses intraday decline to lows of more than a week, lateralized above 137.50
GBP / JPY witnessed some subsequent selling for the second day in a row on Thursday. Traders refrained from making aggressive bets and preferred to wait for further Brexit updates. A tone offered around the JPY safe haven further extended some support to the cross. The crossing GBP/JPY It has managed to bounce around 50 […]
USD / JPY falls to the 104.00 zone as US Treasury yields fall.
USD / JPY struggles to stay above 104.00 on Thursday. The 10-year US Treasury yield fell more than 2%. The US Dollar Index remains above 92.50 ahead of US data. The pair USD/JPY it fell to its lowest level in nine days at 103.64 on Wednesday and rebounded on Thursday. However, the pair was unable […]
Resistance at 1.3310 / 19 slows possibility of further gains – Credit Suisse
GBP / USD has been rejected again from resistance at 1.3310 / 19, the 78.6% retracement of September’s slide, raising prospects for more sideways rallies, Credit Suisse economists note. Key statements: “Short term support is seen at 1.3204, then 1.3193, with the 13-day average and price support at 1.3172 / 62 now ideally holding for […]
EUR / CHF will change only moderately up next year – Rabobank
The initial optimism that followed the positive news about vaccines early last week brought a collective sigh of relief from the world’s population. The improvement in risk appetite led to a sharp upward adjustment in the value of the EUR / CHF, emphasize analysts at Rabobank. They estimate that the cross will appreciate in the […]
Short-term bullish attempt
The DXY index regains some traction and hits highs around 92.70 / 75. A further drop is still likely with the next target near 91.70. The DXY index stops a 5-day negative streak and rises to the 92.70 / 75 region, at new 3-day highs on Thursday. Despite the current bullish attempt, the broader focus […]
