AUD / USD gains traction on Wednesday and moves away from Tuesday’s three-week lows. Risk appetite sentiment weighs on the safe-haven USD and supports the bullish move in the pair. The RBA’s pessimistic expectations and nervousness around the coronavirus limit any uncontrolled bullish movement in the pair. The pair AUD/USD moves higher during the European […]
Tag: Foreign exchange
GBP / USD climbs to one-week highs above the 1.3050 level
A combination of factors causes an aggressive short-hedging move around GBP / USD. Hopes for a US fiscal stimulus boost risk appetite sentiment and weigh on the safe-haven USD. Barnier’s comments provided an additional boost to the British pound and continued to be supportive. The British pound has captured some aggressive buying during the European […]
US Dollar DXY Index Extends Fall Below 93.00 Level
The DXY index extends the decline below key support at the 93.00 level. Mortgage applications, speeches by Fed members and the EIA report are prominent on today’s American calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, remains on the defensive and extends decline below […]
EUR / USD climbs to 4-week highs around 1.1860, focus is on the ECB
EUR / USD extends the rally above 1.1800 on Wednesday. Selling pressure on the USD intensifies amid appetite for risk. A speech from the ECB and the Fed’s Beige Book will draw investors’ attention later in the session. The buying pressure around the common currency remains firm and lifts EUR / USD to new multi-week […]
USD / JPY falls to weekly lows below the 105.20 region amid notable USD weakness
USD / JPY extends the previous day’s pullback from six-day highs amid sustained USD sell bias. The latest optimism about additional US fiscal stimulus measures weighs on the USD. Optimistic market sentiment could weigh on the safe-haven JPY and help limit the slide. The selling tone around the US dollar is dragging USD / JPY […]
EUR / USD maintains positive stance below 1.1900
UOB Group currency strategists note that EUR / USD outlook remains constructive, although a move to 1.19 seems unlikely at the moment. Key Comments: 24 hour view: “We highlighted yesterday that ‘there is room for the EUR / USD to first test 1.1805 before a more sustained pullback can be expected.’ We added, ‘the next […]
USD / JPY falls below 105.50, cuts daily gains
USD / JPY rejected at the 105.75 zone, retraced below 105.00. The dollar remains on the defensive with all eyes on the stimulus negotiations. USD / JPY is expected to hold between 105 and 106.00 for some time. The US dollar’s attempted rally during the European trading session on Tuesday lost steam at 105.75, before […]
EUR / USD pressing October highs at 1.1830
EUR / USD appreciates for the third day in a row to test the October high at 1.1830 The euro appreciates against a weaker USD in a market with an appetite for risk. In the long term, the euro is losing momentum against the dollar – MUFG. The euro is trading higher on Tuesday, with […]
AUD / USD bounces up from lows of 0.7020 and returns to the 0.7065 zone
AUD / USD ignores bearish pressure and turns positive on the day. The Australian dollar extended the losses after the RBA suggested further monetary tightening. The pair approached multi-month lows at 0.7005. The australian dollar It ignored the bearish tone triggered by the minutes of the last RBA monetary policy meeting and bounced from multi-week […]
GBP / USD cuts early gains and retreats below 1.2950
GBP / USD rally attempt has been capped at 1.2975. The pound remains flat on the day with all eyes on Brexit developments. GBP / USD seen in defensive mode below 1.3050 – UOB. The rebound of the British pound from the 1.2910 zone has been capped below the session highs at 1.2980, and the […]