AUD / USD has fallen below 0.7300 amid falling US equity markets and weak retail sales data. After failing to break above 0.7340, the upper bound of its recent range, further consolidation appears likely in the near term. The pair AUD / USD has been on the defensive during the American session today, falling below […]
Tag: Foreign exchange
GBP / USD stabilizes around 1.3250, rises for the third day in a row
GBP / USD continues to advance albeit below 1.3300. USA: slight rise in retail sales and industrial production exceeds expectations. The Dollar weakness is supporting the GBP / USD gains on Tuesday, with which it accumulates three consecutive sessions with rises. The price climbed to 1.3272, reaching the highest level in six days. Then it […]
US Dollar Index Finds Support Near 92.20
DXY remains mired in negative territory. US retail sales expanded less than estimated in October. US industrial production surprised to the upside last month. The stance offered by the dollar remains well in place for another session and drags the US Dollar Index (DXY) to fresh multi-day lows near 92.20 on Tuesday. The US dollar […]
USD / TRY extends bounce from 7.60, all eyes on CBRT
USD / TRY adds to Monday’s gains and tests 7.80. Strong support emerged at the 7.60 area so far (Nov 13/16). The consensus expects the CBRT to raise rates by 500 bps. The Turkish lira has started the week on the left foot and pushes the USD/TRY back to the 7.80 region on Tuesday. USD […]
USD / MXN regains ground and rises to the 20.40 zone
Mexican peso among the weakest on Tuesday. US: Retail sales rise less than expected in October. The USD / MXN is rising modestly on Tuesday, in a day where the dollar presents mixed results. The advance of the crossing occurs before a fall in the stock markets throughout the world, which begin to cut the […]
EUR / USD remains at weekly highs near 1.1900 after US data, attentive to the ECB
EUR / USD is down modestly from 1.19. US retail sales increased less than expected in October. Lagarde’s speech is next on the euro-calendar. The pair EUR/USD remains offered on Tuesday and climbs to new weekly highs at the 1.1885 / 90 zone, only to retreat modestly shortly thereafter. EUR / USD attentive to data […]
USD / CAD remains stuck in a tight range below 1.3100
USD / CAD is struggling to find direction on Tuesday. WTI is trading at modest losses as focus shifts to OPEC + meeting. The US Dollar Index remains under pressure ahead of US data. After closing the first day of the week in negative territory, the pair USD / CAD appears to have entered a […]
USD / JPY falls for the fourth day and approaches 104.00
USD / JPY loses ground for the fourth day in a row The dollar with mixed results in the market. The USD / JPY extended the bearish run and fell to 104.16, the lowest level since November 9. It remains in the area of ​​the lows with the bearish tone intact and starting to look […]
AUD / USD clears gains after failing to exceed 0.7340
The AUD / USD is trading on neutral ground for two days. The RBA says it is ready to provide more encouragement. The AUD / USD completed two days with gains on Monday and had the highest daily close in two months. On Tuesday it extended the rise to 0.7339, matching the intraday highs of […]
A new fall is expected
The DXY index remains under pressure and is now targeting the 92.00 area. A break below that level should pave the way for a move towards the 2020 low. The downside momentum in the DXY index accelerates on Tuesday and challenges the key 6-month support line at the 92.45 / 40 region. Lower down are […]
