A good recovery in USD demand helps USD / CHF gain traction on Thursday. Risk-off sentiment benefits the safe-haven CHF and limits additional earnings. The pair USD/CHF maintains its recovery movement during the European session on Thursday, extending the previous day’s bounce from the 0.9030 region. At the time of writing, the pair remains close […]
Tag: Foreign exchange
EUR / USD extends pullback to 1.1820 before US data.
Dollar regains ground after fall on Wednesday before data. EUR / USD maintains a bullish bias on the broad view, but looks weak on Thursday. The EUR / USD is falling on Thursday, in a context of moderate rise of the dollar against the main European currencies. Progress is being limited ahead of the release […]
Tentative resistance is in the region of 93.30 / 50
The DXY index bounces off new lows in the 92.50 / 45 region on Thursday. Tentative resistance on the upside is at the 93.30 / 50 area. The DXY index rallies slightly after bottoming out in the 92.50 / 45 region on Wednesday, to fresh multi-week lows. If the current bullish attempt gains more strength, […]
Initial support is around 1.1790
EUR / USD corrects lower from Wednesday’s highs around 1.1880. Further gains could point to the 1.1917 level (September 10 high). The bullish momentum in EUR / USD appears to have encountered a stiff barrier in the 1.1880 region on Wednesday, triggering the current reversal towards the vicinity of 1.1820 so far. As long as […]
EUR / GBP clings to modest recovery gains just below 0.9050
EUR / GBP continues to attract some lower level buying, above the 0.9000 key psychological level. GBP bulls refrain from opening aggressive positions, which offers some support to the pair. A softer tone around the common currency limits strong gains, at least for now. The crossing EUR/GBP has moved higher in the first half of […]
The rises point to 125.00
EUR / JPY finds initial support in the 123.80 region so far. Immediately to the upside, the obstacle of 125.00 arises. EUR / JPY extends Wednesday’s moderate pullback and finds initial containment at the 123.80 area so far on Thursday. The 100-day SMA emerges lower at 123.50, which should offer additional support if the selling […]
USD / CAD returns initial gains and falls to the 1.3135-40 region
USD / CAD has struggled to capitalize on the initial positive move to the 1.3175-80 region. A modest pickup in USD demand is seen as a key factor lending some support to the pair. A good rally in oil prices benefits the CAD and limits the pair’s further gains. The pair USD / CAD has […]
USD / JPY struggles to gain significant traction, holding steady above 104.50 level
USD / JPY has moved higher on Thursday, although it has lacked a solid continuation buy. Risk aversion benefits the safe haven JPY and limits the initial rally. A modest pickup in USD demand provides support and helps limit the decline. The pair USD/JPY It has returned initial gains to a high of 104.75 and […]
AUD / USD recovers initial losses and rises above the 0.7100 level
AUD / USD finds some selling on Thursday amid a modest rebound in the USD. Slow progress in US stimulus talks boosted some flows into the safe haven USD. The RBA’s pessimistic expectations weighed on the AUD and contributed to the selling bias. The pair AUD/USD has recovered initial losses to the region of 0.7085 […]
USD / JPY faces next support at 104.00 – UOB
The perspective of USD/JPY remains sloping down with the next major target in the 1 zone04.00, noted FX strategists in the UOB Group. 24 hour perspective: “The sudden sharp pullback in the dollar came as a surprise. The huge drop looks like it is being anticipated, but it still doesn’t show any signs of stabilization. […]
