EUR / USD rallies after bottoming out near 1.1790. Monthly highs around 1.1880 offer initial test for the EUR bulls. It appears that the bullish momentum of the EUR / USD has returned to the markets after the negative price action on Thursday. EUR bulls are now facing immediate resistance at the monthly high around […]
Tag: Foreign exchange
EUR / GBP rises to two-day highs around 0.9050
EUR / GBP gains traction for the second day in a row on Friday. The euro benefits from optimistic German and eurozone manufacturing PMIs. Brexit uncertainties weigh on the GBP and support the pair’s upward move. The crossing EUR/GBP has moved higher during the first half of the European session on Friday and has risen […]
DXY US Dollar Index Turns Negative, Dropping Near 92.70 Level
The DXY index moves negative and tests the 92.70 region. Encouragement talks seem stagnant and unlikely to progress anytime soon. Markit’s preliminary PMIs stand out on the US economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, is losing momentum and pulls back from […]
GBP / USD rises again around the 1.3100 level after UK PMIs
GBP / USD manages to find some support near 1.3050 and rallies more than 50 pips in the last hour. A modest rally in equity markets weighs on the safe-haven USD and supports the pair’s upward move. Lingering Brexit-related uncertainties could limit any runaway rally in the British pound. The pair GBP/USD has risen more […]
USD / JPY experiences session lows, around the 104.70 region
The USD / JPY did not capitalize on its Asian session higher until the zone of the 105.00. The prevailing cautious mood benefited the JPY safe haven and sparked some selling. Uncertainty about additional US stimulus measures kept the dollar on the defensive. The pair USD/JPY remained depressed near the lower end of its trading […]
A test of 1.1900 still seems unlikely – UOB
The currency strategists of UOB Group They pointed out that a EUR / USD move towards the 1.1900 zone is not yet likely. 24 hour perspective: “We highlighted yesterday that further EUR strength was unlikely and we expected it to consolidate within a 1.1820 / 1.1885 range. While the euro did not strengthen further, it […]
NZD / USD recovery extends above October high at 0.6680
The NZD / USD bounce from 0.6635 has reached new one-month highs above 0.6680. Kiwifruit holding firm amid broad USD rally. NZD / USD seen trapped between 0.6570 and 0.6700. The New Zealand dollar It has resumed its uptrend from Tuesday’s lows at 0.6550 and is on track to post its second consecutive positive day […]
The dollar recovery attempt stops at the previous support of 104.95
USD / JPY rally from 104.35 finds resistance at previous support at 104.95. The dollar remains trapped within a downtrend channel. The US dollar reversal from weekly highs at 105.75 witnessed on Wednesday has been contained in the 104.30 area on Thursday and the dollar attempted to rebound amid a broad-based dollar strength, although the […]
XAU / USD reversal extends to $ 1,900
Gold cuts past gains and loses $ 30 to test $ 1,900 area Risk aversion fuels the dollar as hopes for US stimulus fade XAU / USD is testing the bottom of a triangle formation, at $ 1,895 Gold’s bullish attempt seen on Wednesday has been short-lived as the precious metal failed to extend gains […]
AUD / USD returns above 0.7100 and turns positive on the day
AUD / USD regains lost ground and rises above 0.7100. The Australian dollar appreciates and the US dollar loses steam as risk aversion declines. The australian dollar is on track for its second positive day in a row after opening the day on a weak base. The pair bounced from 0.7085 today and managed to […]
