The dollar loses moment in the moment and moves away from the highs of the day. EUR / USD remains negative and bearish, but with support at 1.1815. EUR / USD fell to 1.1815, from where it bounced and rose to 1.1838. it is trading around 1.1830 / 35, almost 20 pips below Wednesday’s close. […]
Tag: Foreign exchange
USD / CHF at new daily highs near 0.9130 thanks to broad USD strength
USD / CHF is experiencing a modest rebound on Thursday. The US Dollar DXY Index recovers above 92.50 ahead of US data. USD / CHF appears to break a five-day losing streak. After closing the previous five days in negative territory, USD / CHF is experiencing a rebound to the upside, supported by overall USD […]
The further drop points to the 122.40 region
EUR / JPY bearish momentum lingers around the 123.00 region on Thursday. Immediately to the downside appear the September lows near 122.40. The EUR / JPY cross alternates losing gains around the 123.00 region on Thursday after an initial drop to weekly lows at the 122.85 / 80 zone. Meanwhile, the odds of a move […]
GBP / USD bounces from the 1.3200 zone and returns above 1.3250
The pound gains momentum throughout the market. GBP / USD finds support at 1.3200 and rebounds strongly. GBP / USD recovered momentum in the last hours and erased the losses of the day, rising to 1.3265. The pullback that had started from levels above 1.3300 on Wednesday finally found support at the 1.3200 area. That […]
USD / CAD rises above the 1.3100 level ahead of US data.
USD / CAD rallies above 1.3100 on Thursday. WTI is trading in negative territory near the $ 41 level. The US Dollar DXY Index bounces above 92.50 as sentiment worsens. After falling to a weekly low at 1.3032 on Wednesday, The USD / CAD pair has turned higher on Thursday as falling crude prices make […]
US Dollar Index DXY moves to daily highs near 92.70 ahead of US data.
The DXY index regains traction and advances to the 92.70 zone. The pandemic and vaccines remain in the spotlight until now. Initial jobless claims and the Philadelphia Fed Manufacturing Index stand out on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, reverses […]
Drops below the confluence support of an uptrend line and the 100 hourly SMA
The NZD / USD witnesses a profit taking on Thursday and moves away from the highs of almost two years. The bullish oscillators on the daily chart support the outlook for some lower buying to emerge. A sustained break below the 0.6800 level is needed to nullify the positive outlook for the pair. The NZD […]
Lagarde says the PEPP was intended to be temporary and exceptional
The president of the European Central Bank, Christine Lagarde, has added to her previous comments, saying that the Pandemic Purchase Emergency Program (PEPP) was intended to be temporary and exceptional. Lagarde has spoken in the Economic Commission of the European Parliament (by videoconference). Additional comments: By definition, the ECB will not go bankrupt or run […]
EUR / USD falls to three-day lows near 1.1820, focus is on EU Conference
EUR / USD loses traction and falls back to the 1.1820 zone. Christine Lagarde, President of the ECB, says the recovery loses steam in the fourth quarter. The videoconference of the European Council will focus the attention of investors on Thursday. The common currency continues to lose momentum and drag the pair EUR / USD […]
EUR / GBP rises above the 0.8950 region on new daily highs
EUR / GBP regains positive traction on Thursday and ends a two-day losing streak. Renewed fears of a no-deal Brexit weigh on the GBP and support the pair’s upward move. The selling tone around the common currency could limit any uncontrolled movement in the EUR / GBP. The crossing EUR/GBP maintained its buying tone at […]
