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Tag: Foreign exchange

Additional gains expected above 1.1830

Additional gains expected above 1.1830

EUR / USD regains momentum and breaks above 1.1800. Continuation of buying pressure points to 1.1830 before 1.1900. EUR / USD managed to regain the 1.18 zone and beyond on Tuesday, allowing for a possible test of the recent spikes around 1.1830. Above the monthly highs so far at 1.1830 (Oct 9) 1.1917 (Sept 10 […]

USD / CHF would target recent low at 0.8998 to lose 0.9048 – Commerzbank

USD / CHF would target recent low at 0.8998 to lose 0.9048 – Commerzbank

Karen Jones, Technical Analysis Research Team Leader at Commerzbank, is closely watching the USD / CHF low of 0.9048 in mid-September as a break below, in her view, would open the way for further losses. Key statements: “USD / CHF yesterday missed the broken two-month uptrend line that is now acting as resistance at 0.9184.” […]

More significant pullback could lead to a retest at 93.00

More significant pullback could lead to a retest at 93.00

The DXY remains on the defensive and gradually approaches 93.00. A break of 93.00 would put the 92.70 region back on the radar. The US Dollar Index (DXY) trades through the multi-day lows at the 93.20 / 15 band on Tuesday, simultaneously extending the recent failure at the six-month resistance line. A deeper pullback further […]

EUR / USD surpasses 1.1800 and marks highs in a week

EUR / USD surpasses 1.1800 and marks highs in a week

Euro gains momentum on Tuesday and appreciates in the market. EUR / USD aims to test the October highs. He EUR / USD gained momentum in the last hours due to an advance in the stock markets and a strengthening of the euro in the market. The price surpassed 1.1795 and jumped to 1.1817, reaching […]

A move above the previous day’s high paves the way for additional gains

A move above the previous day’s high paves the way for additional gains

GBP / JPY attracts some lower level buying and returns to the 137.00 zone. The setup favors the bulls and supports the prospects for additional intraday gains. After showing some resistance below the 100 hourly SMA, the GBP / JPY cross has regained positive traction and has risen near the 137.00 region during the European […]

GBP / USD jumps to daily highs around 1.2980 region amid weaker USD

GBP / USD jumps to daily highs around 1.2980 region amid weaker USD

GBP / USD turns positive for the second day in a row amid a renewed selloff of the USD. Doubts about additional US fiscal stimulus measures weigh on the USD. The uncertainties of Brexit could limit any uncontrolled movement of the British pound. The pair GBP / USD has recovered more than 60 pips from […]

EUR / GBP clings to modest gains near 0.9100 level, lacks continuation

EUR / GBP clings to modest gains near 0.9100 level, lacks continuation

EUR / GBP is moving higher for the fourth day in a row on Tuesday. Uncertainties around Brexit weigh on the GBP and support the pair’s upward move. The euro is struggling to gain traction and limits the further gains of the EUR / GBP. The crossing EUR/GBP moves with a slight positive bias at […]

Bulls expect a sustained move above the 1.3200 level

Bulls expect a sustained move above the 1.3200 level

USD / CAD extends the previous day’s bounce and gains traction for the second day in a row. A softer tone around oil prices weighs on the CAD and supports the pair’s upward move. A moderate demand for the USD prevents investors from opening new positions and limits the pair’s further gains. The pair USD […]

DXY US Dollar Index struggling to find direction around 93.40 level

DXY US Dollar Index struggling to find direction around 93.40 level

The DXY index lacks a clear direction and is hovering around 93.40. Investors’ attention shifts to the final debate between Trump and Biden. Housing data and speeches by Fed members stand out on the US calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, moves […]