The EUR/USD it could fall back to the 1.1650 region in the coming weeks, according to currency strategists at UOB Group. 24 hour perspective: “We highlighted last Friday that the EUR was likely to first test the main support at 1.1680 before a rebound could be expected. Subsequently, the EUR fell to 1.1692 before rebounding […]
Tag: Foreign exchange
The Australian dollar was capped below previous support at 0.7095
AUD / USD recovery attempt has been capped just below 0.7100 The previous support level changed the resistance and the 50 hourly simple moving average (SMA) is limiting upside attempts. On the downside, the 0.7055 level is supporting the pair. The Australian dollar has fallen nearly 2% this week weighed down by the strength of […]
USD / CAD cuts gains on Friday and consolidates below 1.3200
The US dollar stops a three-day rally and retreats below 1.3200. Canadian Dollar Recovers Amid Moderately Positive Market Sentiment Longer term, the pair remains in a negative channel from September 30 highs. The U.S. dollar it lost ground on Friday, falling back from Thursday’s highs at 1.3255 to consolidate below 1.3200 in late Friday trading. […]
EUR / GBP recovery from week lows near 0.9000 stops below 0.9100
EUR / GBP rally from 0.9000 level stops at 0.9100. The pound is holding firm despite growing concerns of a no-deal Brexit. EUR / GBP is seen at 0.8900 in three months – Rabobank. The euro has been unable to extend its recovery from weekly lows at 0.9000 to levels above 0.9100 on Friday. The […]
USD / JPY cuts initial losses and returns to the 105.40 zone
USD / JPY extends its bounce from 105.15 to 105.40. Brilliant US consumer data fuels the recovery of the US dollar. The dollar could stay between 105.00 and 106.00 for some time – UOB The dollar’s rebound from the session lows at 105.15 has extended during the US session on Friday, and the pair extends […]
AUD / USD stabilizes below 0.7100, ends the week with a drop of more than 150 pips
The Australian dollar is among the worst performers of the week, hit by RBA expectations. AUD / USD unable to rally to the lowest close since September 28. The pair AUD/USD it traded sideways on Friday, consolidating a weekly loss of more than 150 pips. The US dollar weakened amid an improvement in risk sentiment, […]
EUR / USD falls back towards 1.1700, consolidates weekly losses
Mixed US data ignored by market participants focuses on politics. EUR / USD gains after losing ground for four consecutive days. The pair EUR/USD it is rising modestly on Friday and has trimmed earnings in the last few hours. The pair peaked at 1.1745 and at time of writing is trading at 1.1720, gaining ten […]
GBP / USD cuts early losses, trades modest gains above 1.2920
GBP / USD fluctuated sharply on Brexit headlines on Friday. The US Dollar Index remains bearish after mixed US data. GBP / USD is still on track to break a two-week winning streak. After moving sideways near 1.2900 during the Asian session, the pair GBP/USD it rose to a daily high of 1.2962 in the […]
The US dollar index bounces away from lows near 93.50
DXY remains on the defensive at the end of the week near 93.70. US retail sales surprised to the upside in September. The US Dollar Index (DXY), Measuring the dollar against a basket of its main rivals, it remains on the defensive so far this Friday. The US dollar index on the lookout for additional […]
EUR / USD loses steam before 1.1750 and retreats slightly
Dollar unaffected by US data EUR / USD rises on Friday but remains in negative territory for the week. He EUR / USD is rising on Friday after four consecutive days of declines. It reached the highest level of the day at 1.1746 and then lost steam. It is trading 1.1730, up about 25 pips […]
