USD / CAD alternated between tepid gains and minor losses throughout the early North American session. A recovery in global risk sentiment undercut the safe-haven dollar and limited the rise. Weaker crude oil prices undercut the loonie and helped limit deeper losses for the principal. The pair USD / CAD it lacked a firm directional […]
Tag: Foreign exchange
USD / MXN falls to test weekly lows near 21.00, the dollar fails to maintain gains
The remote Mexican peso is bullish against the dollar. USD / MXN practically unchanged for the week. The USD / MXN is trading in the 21.20 zone, in negative territory for the day and practically unchanged from its level a week ago. The weakness of the dollar limited the increases of the cross, which after […]
USD / JPY regains ground it initially lost, around 105.40 following the US data.
The emergence of new selling around the USD put pressure on the USD / JPY. The USD gained some respite following the release of upbeat US retail sales data. The decline in safe-haven demand undercut the JPY and extended some support. El by USD/JPY it reversed an intraday slide to the 105.20-15 region and moved […]
GBP / USD stabilizes above the 1.2900 level
GBP / USD witnessed some volatility in reaction to British Prime Minister Johnson’s Brexit-related comments. The pair found some support after Johnson said he will not walk away from the negotiations. The pair GBP/USD it quickly rallied over 50 pips from the mid-European session dip to the week-long lows at 1.2863 and now appears to […]
EUR / USD accelerates higher and rises to 1.1740 ahead of US data.
Euro gains moment before the dollar’s fall and the EUR / GBP advance. EUR / USD bounces from two-week lows and could outpace short-term weakness. He EUR / USD broke higher in the last hour and climbed to 1.1740 reaching a new high for the day. The pair, prior to the release of US data, […]
AUD / USD struggles to rise above 0.7100 ahead of US data
AUD / USD is trading in a tight range below 0.7100 on Friday. The US Dollar Index consolidates Thursday’s gains near 93.70. Retail sales and industrial production data will be included in the US economic agenda. The pair AUD/USD it posted its lowest daily close for October at 0.7092 on Thursday and appears to be […]
Drop to 122.40 is now within the means
EUR / JPY extends lower to the 123.00 area. The risks of a deeper pullback are there, dominating the landscape. EUR / JPY accelerated lower and fell again on Friday. So far, the cross has managed well to find support near the 120.00 area. If the bearish tone intensifies, then the EUR / JPY is […]
Short-term support line holds lows for now
EUR / USD is in containment just below 1.17 so far this week. The next down is the September low near 1.1600. EUR / USD remains under pressure, although it has managed well so far to keep the euro contained around 1.1690, where the immediate support line is located (from 2020 highs beyond 1.20). Corrective […]
Bullish momentum misses 94.00 moment
The DXY rally meets a stiff barrier just below the 94.00 mark. The next relevant resistance emerges near 94.80. After bottoming out at the 93.00 zone earlier in the week, the US Dollar Index (DXY) regained its composure and managed to visit the 93.80 / 90 band. The six-month resistance line in this area remains […]
USD / CHF returns initial gains and falls back below 0.9150
The USD / CHF has moved with a slight positive bias during the first half of the European session. The rally has lacked a solid following amid a softer tone around the USD. A sustained move above 0.9160-65 is needed to confirm any further bullish movement. At the start of the European session, the pair […]
