GBP / USD witnessed an aggressive short-hedging move on Monday amid renewed Brexit optimism. Risk appetite undermined the safe-haven dollar and continued to support the strong bullish move. The key focus on Monday will be on the Barnier-Frost meeting and Fed Chairman Jerome Powell’s speech. The pair GBP/USD it continued to rise during the first […]
Tag: Foreign exchange
Risks skewed to the downside with support seen at 0.9005 – Credit Suisse
EUR / GBP remains on the defensive, around 0.9030. A clear break of 0.9026 / 05 should allow weakness to accelerate sharply, with the next support at 0.8934 in its sights, the Credit Suisse team of analysts note. Key statements: “With the short-term downtrend of mid-September still intact, today at 0.9104 / 10 and with […]
USD / MXN falls to lows in a month and points to 21.00
Mexican peso rises for the fourth day in a row against the dollar. USD / MXN breaks below the previous low of October and intensifies the bearish tone. USD / MXN continues to move on a bearish bias and has broken below last week’s lows, reaching to 21.05, the lowest level since September 21. It […]
The recovery points to the 125.00 area
EUR / JPY is moving to multi-day highs and flirts with the 124.00 level. The next resistance on the upside is the 125.00 level. EUR / JPY rebounds sharply and picks up buying interest thanks to improved risk appetite. If buying pressure gains additional traction, then the cross is expected to hit the next relevant […]
EUR / JPY jumps to the 124.00 area before it rises in the bags
Risk appetite propels EUR / JPY to six-day highs. The cross is testing 124.00 and has the steepest rally in nearly two weeks. The EUR / JPY extended the bullish run to the 124.00 zone, reaching the highest level since Tuesday. The price is rising supported by the advance of the EUR / USD and […]
EUR / USD extends advance to five-day highs at 1.1760 zone
Dollar weakness propels EUR / USD accelerating advance. Data from China and expectations for a vaccine boost appetite for risk. The EUR / USD accelerated the bullish run in the last hours and climbed from 1.1710 to 1.1762, reaching the highest level since last Wednesday. The price remains in the zone of the highs of the […]
Struggle near the 100-day SMA, around the 0.9030 region
EUR / GBP extends Friday’s rejection drop from bearish channel resistance of over a month. The bears could now aim to test major support near the key psychological level 0.9000. A sustained force above the 0.9100 level will now be seen as a new trigger for the bulls. The EUR / GBP cross witnessed a […]
AUD / USD clings to modest daily gains around 0.7100 level
The risk appetite sentiment benefits the AUD and helps the AUD / USD gain traction to the upside. Concerns about rising COVID-19 cases support the safe-haven USD and limit the pair’s rise. Investors are now waiting for Fed Chairman Jerome Powell’s speech for a new boost. The pair AUD/USD moves higher during the European session […]
US Dollar DXY Index Turns Negative Near 93.60 Before Powell
The DXY index loses ground and falls back to the 93.65 / 60 region on Monday. The pandemic and US politics continue to drive trends and appetite for risk. The NAHB index and various speeches by Fed members stand out on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the […]
USD / JPY consolidates in a range below the 105.50 level
A combination of divergent factors fails to provide a significant boost to USD / JPY. Moderate USD demand limits initial positive intraday movement to three-day highs. Risk appetite sentiment and a strong recovery in US bond yields could help limit any sharp decline. The pair USD/JPY is extending its side consolidation price action and remains […]
