The loonie rose across the board on Tuesday as the U.S. dollar retreated. USD / CAD is heading to test October lows at 1.3098 as bearish pressure intensifies. The USD / CAD It is falling for the third consecutive trading day, accelerating the decline. It is trading at 1.3115 / 20, approaching the October lows. […]
Tag: Foreign exchange
EUR / USD hits four-week highs above 1.1830
The euro extends the rise against the US dollar and reaches monthly highs. If it sustains above 1.1830, the EUR / USD could extend the gains during the next sessions. The pair EUR/USD has extended the upward movement and has risen above 1.1830, reaching the highest level in four weeks. The pair remains close to […]
Vulnerable AUD / USD near multi-week lows amid subdued RBA expectations
AUD / USD witnessed strong selling for the fourth consecutive session on Tuesday. The RBA’s subdued expectations turned out to be a key factor weighing heavily on the Australian. The intraday fall did not get respite from risk appetite, the weakness of the dollar. The pair AUD/USD It maintained its offered tone during the first […]
NZD / USD falls sharply to 0.6550 zone, low in almost two weeks
Kiwi under pressure in anticipation of more stimulus from the RBNZ. NZD / USD reversed Monday’s rise and is approaching monthly lows. The NZD / USD is falling on Tuesday and It operates at 0.6570, after having managed to move away from the lows of the day. The rebound of the last hours had to […]
The US dollar index remains depressed near 93.20
DXY continues to trade on a lower bias on Tuesday. The appetite for riskier assets continues to weigh on the dollar. New homes, building permits improve in September. The US Dollar Index (DXY), which tracks the dollar against a set of its main competitors, remains depressed at the lower bound of the recent range near […]
USD / JPY climbs to highs in one week after breaking 105.60
Dollar with mixed results in the market. USD / JPY gains momentum after exceeding 20-day moving average (105.50). He USD / JPY gained momentum in the last hours and climbed from 105.55 to 105.75, reaching the highest level in a week. The price remains in the zone of highs, with a bullish intraday bias. The […]
GBP / USD falls to fresh daily lows, with bears targeting the 1.2900 level
GBP / USD is struggling to preserve its intraday gains and falls to new daily lows. Lingering uncertainties related to Brexit continue to weigh on the GBP. A softer tone around the USD does little to help the bulls or offer support to the pair. The pair GBP/USD has fallen more than 60 pips from […]
Breaks through a month-long descending channel
EUR / GBP built on its positive intraday move and spiked to nearly two-week highs. The technical setup favors bullish traders and supports the prospects for additional earnings. The crossing EUR/GBP added to its intraday gains and rose above 0.9100, hitting nearly two-week highs in the last hour. Since the cross has shown some resistance […]
Willing to step up Brexit negotiations with the UK
The European Commission has made an official statement on Brexit, showing the willingness to intensify talks with the UK. For an agreement to be reached, both parties must meet, the statement added. The statement also confirmed that the EU’s chief Brexit negotiator, Michel Barnier will speak with his British counterpart, David Frost, later this Tuesday. […]
USD / CHF falls to 1-month lows around 0.9070 amid USD weakness
USD / CHF is witnessing some continuation selling for the second day in a row on Tuesday. Uncertainty about US fiscal stimulus measures weighs on the USD and puts pressure on the pair. Risk appetite sentiment does little to weigh on the safe-haven CHF or to support the pair. The USD’s intraday selling bias has […]