The EUR / JPY is struggling to find direction in the early days of the week and now appears to have moved into a trade within a. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald […]
Tag: Foreign exchange
EUR / USD continues to rise and hits a week high near 1.1900
Dollar weakness continues to propel EUR / USD. Euro rises for the fourth day in a row against the dollar and is approaching significant resistance. The EUR / USD is rising Tuesday for the fourth day in a row and is trading at a week-and-a-half high near 1.1890. Dollar weakness continues to support gains in […]
NZD / USD consolidates Monday’s gains, moves within a narrow range near the 0.6900 level
The NZD / USD is fluctuating within a tight range on Tuesday. Risk appetite sentiment seems to have lost momentum. The DXY US Dollar Index remains negative ahead of US data. Publishing Upbeat macroeconomic data from China and the risk appetite environment The market share helped the NZD outperform its rivals earlier in the week. […]
Technical setup remains in favor of bears
USD / CAD is looking to extend Monday’s slide. The bearish bias will remain intact as long as it moves below the 21-day SMA. The daily RSI is pointing down in the bearish territory. USD / CAD remains close to the previous day’s lows below the 1.3100 level during the European session on Tuesday, with […]
EUR / USD looking to break above 1.1870 region, focus is on Lagarde
EUR / USD remains firm near the 1.1870 level on Tuesday. The advance of the pandemic in Europe remains at the center of the debate. Christine Lagarde, President of the ECB, will draw investors’ attention later in the day. The common currency maintains its optimistic tone unchanged so far this week and once again pushes […]
GBP / USD: Additional gains expected above 1.3280
GBP / USD could extend the rally to the 1.3320 region once it breaks above 1.3280have suggested the currency strategists at UOB Group. Key Comments: 24 hour view: “The GBP / USD traded yesterday between 1.3167 and 1.3242 before closing practically unchanged at 1.3202 (+ 0.02%). The bullish momentum shows a possible sign of improvement […]
AUD / USD down from weekly highs of 0.7330 as coronavirus concerns benefit the US dollar
AUD / USD retreats from weekly highs but defends the 0.7300 level. The DXY index attempts a rebound as sentiment turns sour at the start of the European session. Coronavirus concerns overshadow hopes for vaccines. The focus is on US retail sales data. The backward movement of AUD/USD from the weekly highs of 0.7330 it […]
US Dollar Index DXY Extends Fall To 92.40 Region Before Data
The DXY index remains on the defensive and is approaching the 92.40 region. The markets’ attention remains on the pandemic in the face of the economic recovery. Data for US retail sales and industrial production will be released today, along with several speeches from the Fed. The US dollar index DXY, which measures the strength […]
Bears are hopeful as long as it is below critical resistance at 104.60
USD / JPY consolidates into a potential falling wedge on the 4H chart. The confluence of the 50-100 mobile half hour (HMA) limits upload attempts. The hourly RSI remains bearish making the pair vulnerable. The USD/JPY is recording small losses around 104.50, looking to extend the previous drop after witnessing good trading in the markets […]
EUR / USD maintains its target at 1.1920 – UOB
The currency strategists of UOB Group noted that the EUR / USD expects more gains at a close above 1.1920 In the next weeks. 24 hour perspective: “The EUR rose to a high of 1.1868, and fell to 1.1812 before recovering to end the day at 1.1853 (+ 0.18%). The Bullish momentum is starting to […]
