EUR / GBP fell for the second day in a row on Wednesday. Libra continues to cut losses from last Thursday. The EUR / GBP remained weak during the European session and fell to 0.8934, reaching the lowest level since last Thursday. The cross remains in the area of ​​the lows, with a bearish bias. […]
Tag: Foreign exchange
Still targeting the 1.1920 level
EUR / USD’s bullish momentum continues on Wednesday. Higher up is the monthly high at 1.1920 (November 9). EUR / USD is moving higher and approaching key resistance at the 1.19 round level on Wednesday. On the upside, the immediate hurdle is near the 1.19 level. If the bullish momentum gains additional traction, investors should […]
EUR / JPY extends decline and sets new lows in one week below 123.30
The yen remains strong throughout the market driven by the decline in USD / JPY. EUR / JPY returns to the 20-day average. The EUR / JPY is falling again weakened by the rise of the yen throughout the market. The price of the cross is at 123.27, supported by the 20-day moving average and […]
2020 lows at 91.74 emerge on the horizon
The DXY index remains under heavy pressure and continues to target the 92.00 zone. A break out of this support should expose the 2020 low near 91.70. The downside momentum in the DXY index is accelerating, with the index falling below the key 6-month support line at the 92.45 / 40 region on Wednesday. Immediately […]
USD / JPY falls towards 103.80 region at one-week lows
USD / JPY continues to lose ground for the fifth day in a row on Wednesday. Concerns about the increase in the number of COVID-19 cases in the US weigh on the USD. A softer risk appetite tone benefits the safe haven JPY and contributes to the pair’s selling bias. The pair USD/JPY moves lower […]
EUR / USD is moving higher and approaching the 1.1900 level
EUR / USD extends the bullish move and is approaching the 1.1900 level. The dollar remains on the defensive and supports the rise in the pair. The CPI of the euro zone rises 0.2% in its monthly reading for October. The buying bias around the common currency remains strong and pushes EUR / USD to […]
NZD / USD reaches the highest level since March 2019 around the 0.6925-30 region
The renewed selling bias around the USD helps the NZD / USD gain strong positive traction on Wednesday. Concerns about the increase in the number of COVID-19 cases in the US continue to weigh on the USD. A modest rally in US stock index futures boosts money flows into the NZD with the highest perceived […]
USD / CAD flirts with weekly lows around 1.3070 region
A combination of factors triggers new selling around USD / CAD on Wednesday. Concerns about the increase in COVID-19 cases in the US continue to weigh on the USD. A modest rebound in oil prices benefits the CAD ahead of Canadian inflation data. The selling bias in the USD has accelerated at the start of […]
Brexit: EU trade negotiators to brief member states on Friday
According to a Reuters story, citing two diplomatic sources, EU negotiators should update envoys from the bloc’s 27 member states on updates on trade talks with the UK at 07:00 GMT on Friday. The sources further said that the negotiating team of Michel Barnier could still cancel the closed-door briefing depending on how the talks […]
AUD / USD rises to new daily highs and recovers above the 0.7300 level
AUD / USD draws some lower buying on Wednesday amid renewed USD sell bias. Concerns about the rise in COVID-19 cases in the US keep USD bulls on the defensive. A softer risk appetite tone could limit any wild movements in the AUD, perceived as a higher risk asset. The pair AUD/USD it has managed […]
