The currency strategists of UOB Group noted that the EUR / USD momentum remains positive, but a move towards 1.19 is out of place for now. 24 hour perspective: “We highlighted yesterday that there was room for the EUR to make another push up to 1.1865. We added that the main resistance at 1.1900 was […]
Tag: Foreign exchange
AUD / USD cuts the losses of the previous days and retreats above 0.7100
AUD / USD bounces strongly off 0.7020 to hit session highs at 0.7135. Optimism about a stimulus deal in the US fuels the Australian. AUD / USD resumes uptrend after corrective move – Credit Suisse. The australian dollar has made an impressive comeback on Wednesday to reverse most of the ground lost after a four-day […]
Euro falls from 0.9000 support zone
The EUR / GBP reversal from 0.9145 extends towards the 0.9000 zone. The euro sinks 1.2% amid the strength of the pound. The euro made a false breakout of the five-week bearish channel on Tuesday as the pair turned south, dropping around 1.2% so far today to test the bottom of the trading range of […]
USD / JPY falls to new one-month lows at 104.35
USD / JPY breaks below the 105.00 support and hits the low of 104.35. The USD falls nearly 1% to hit one-month lows. The dollar falls across the board amid hopes for a US stimulus deal. The U.S. dollar feels heavy against the Japanese yen on Wednesday. The pair has lost nearly 1% on the […]
EUR / USD Recovers to 1.1880 as New US Stimulus Hopes Increase Risk Appetite
EUR / USD rallies for the fourth day in a row to hit a month-long high at 1.1880. The US dollar sinks amid hopes for a US COVID-19 stimulus deal. EUR / USD could appreciate to 1.20 in December – Danske Bank. The euro It rallied for the fourth day in a row against the […]
USD / CAD recovers from monthly lows despite dollar weakness
The Loonie is among the worst performing in the market on Wednesday. USD / CAD now neutral for the day after hitting the lowest level since early September. The pair USD / CAD it posted a new daily high at 1.3139 despite the US dollar falling across the board. Earlier on Wednesday during the European […]
Pound extends upside, likely to retest key 138.00 level
The pound jumps on the latest Brexit developments and racks up daily gains. GBP / JPY watches the 138.00 zone that capped the upside in early October. The pair GBP/JPY it rose sharply in recent hours spreading gains after Brexit talks were reported to resume with the goal of reaching a deal by mid-November. The […]
EUR / GBP falls towards 0.9000 as Brexit talks resume
The pound skyrockets as Brexit will formally restart. EUR / GBP falls one hundred pips on Wednesday, approaching monthly lows. The EUR/GBP It fell further in the last few hours after Bloomberg’s report that Brexit negotiations were scheduled to restart, with the goal of reaching a deal by mid-November. The pair fell to 0.9016, reaching […]
EUR / USD holds firm, finds resistance around 1.1870
EUR / USD remains the buy bias unchanged around 1.1860. The markets focus remains on potential stimulus talks. Luis De Guindos from the ECB, the Fed’s Beige Book next on the calendar. After hitting previous multi-week highs around 1.1870, the EUR/USD has encountered some selling pressure and is falling back to the 1.1850 zone in […]
USD / CAD remains around 1.3100 after data from Canada and despite dollar weakness
The loonie is the weakest among those linked to raw materials. USD / CAD falls for the fourth day in a row, it could have the lowest daily close since the beginning of September. The USD / CAD remains trading around the 1.3100 area. The loonie has lost steam on Wednesday, but that is being […]
