The Mexican peso continues to move with a bullish bias against the US dollar. USD / MXN momentarily fell below 21.00, the next hurdle emerging at the 20.85 zone. He USD/MXN it falls for the third day in a row on Thursday, still at a gradual pace. Recently, it posted a new monthly low at […]
Tag: Foreign exchange
EUR / USD remains negative on the day, still above 1.1800
The US dollar recovered modestly on Thursday, with the DXY index climbing towards the 93.00 level. EUR / USD consolidates around 1.1820, falls after a four-day move higher The pair EUR/USD is consolidating its modest daily losses after posting the highest daily close in more than a month on Wednesday. A rally in the US […]
You are struggling to overcome the confluence of the downtrend line with the 200 hourly EMA
USD / CAD gains some traction for the second day in a row, although it lacks continuation. A sustained force above the confluence zone at 1.3175-80 is needed to negate the bearish bias. The USD / CAD pair has struggled to capitalize on its positive intraday move and has remained capped below significant confluence resistance […]
USD / JPY clings to modest gains near daily highs, around the 104.70 region
USD / JPY managed to regain traction on Thursday amid resurgent demand for the USD. The cautious mood benefited the safe-haven JPY and limited strong gains. Investors are now expecting the Trump-Biden debate to have a trade boost. The pair USD/JPY It traded on a positive bias during the early North American session and was […]
EUR / JPY cuts losses after falling to 123.65
Euro falls again against the yen, shows signs of stabilization after the start of the American session. EUR / JPY continues to approach important support. EUR / JPY is falling for the second day in a row, although it has managed to cut losses in the last hours, after the start of the American session. […]
USD / MXN stable with bearish bias, still above 21.00
Mexican peso maintains a favorable trend against the dollar. USD / MXN is still unable to break below 21.00. El USD/MXN is trading at the lowest levels of the day at 21.07, after having climbed in the previous one to 21.20. The price maintains a bearish bias, but with increasingly moderate and limited routes. The […]
US Dollar DXY Index Looks Firmer Approaching 93.00 Level Ahead of Debate
The DXY index is moving higher and is approaching the 93.00 level. Stagnant stimulus talks favor the safe-haven dollar. Initial jobless claims in the US fall below 800,000 for the first time since the start of the pandemic. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major […]
Stays Bearish Below 1.3100, Low Looks Limited
GBP / USD witnessed a modest pullback from resistance marked by 61.8% of the Fibonacci level. The prospects for some buying to emerge on the dips should help any significant downturn. The pair GBP/USD It maintained its offered tone during the early North American session and was last seen trading near the lower end of […]
NZD / USD remains stable near weekly highs, around the 0.6665-70 zone
The NZD / USD rose for the second consecutive session on Thursday. The softer risk tone benefited the dollar as a safe haven and limited the rise. Investors are now looking to Trump-Biden for a significant boost. The pair NZD / USD it traded with a slight positive bias during the mid-European session and was […]
GBP / USD retraces from month-long highs to 1.3100 area
The pound remains supported after the restart of the Brexit negotiations. GBP / USD retraces but maintains the bullish bias. The GBP / USD is retreating modestly on Thursday, cutting a small part of yesterday’s strong rally when the pound rallied on all fronts as Brexit talks resumed. The pullback is being moderate and the […]
