USD / CAD is witnessing some selling on Friday amid a softer tone around the USD. Nervousness over the coronavirus should continue to offer support to the safe-haven USD. Weaker crude oil prices could weigh on the CAD and help limit deeper losses. He USD / CAD moves lower during the European session on Friday, […]
Tag: Foreign exchange
US dollar DXY index retreats from highs just below 94.00 level
The DXY index returns part of the gains and moves back towards the 93.70 region. The markets’ attention remains on US politics and the second wave of COVID-19. Retail sales data, University of Michigan consumer sentiment and industrial production data stand out on today’s US calendar. He US Dollar DXY Index, which measures the strength […]
AUD / USD with modest losses below 0.7100 level
Strong expectations that the RBA will act in November weighed on the AUD. New nervousness around coronavirus benefits USD as safe haven and puts pressure on AUD / USD Investors are waiting for US macro data to get some short-term trading opportunities. The pair AUD/USD has recovered most of the initial drop and remains with […]
USD / JPY negative around 105.30-25 region
USD / JPY witnesses some new selling on Friday and returns a portion of the previous day’s gains. A modest USD pullback and weaker US bond yields put downward pressure on the pair. The decline remains limited, which warrants some caution before opening new bearish positions. The pair USD/JPY remains on the defensive at the […]
GBP / USD shows strong resistance at 1.3050 – UOB
The rise of GBP / USD shows solid resistance at the 1.3050 level, as suggested by the currency strategists of UOB Group. 24 hour perspective: “Our expectation that the British pound would first test 1.3080 before a more sustained pullback could be expected was incorrect as it fell to a low of 1.2891 (the high […]
EUR / USD with risks of a potential decline towards 1.1650 – UOB
According to the currency strategists of UOB Group, el EUR/USD I could go back further and retest the area 1.1650 in the short term. 24 hour perspective: “We highlighted yesterday that there was a possibility of the EUR going down, but any weakness was likely to be limited to a test of 1.1705. We added […]
GBP / USD capped at 1.2937, pulls back to test 1.2900 area
GBP / USD fails to bounce above 1.2937 and falls to the 1.2900 zone The pound sinks as hopes for a Brexit deal deteriorate. Westpac sees GBP / USD trapped between 1.27 and 1.32. The British pound looks heavy on Thursday as previous hopes for a Brexit deal with the EU deteriorate. He GBP/USD It […]
USD / JPY rises further and extends the recovery to the 105.50 area
The USD / JPY rally from Wednesday’s lows of 105.00, extends to 105.50 so far. The dollar is appreciating on risk aversion amid COVID-19 fears and pessimistic data from the United States. USD / JPY: It will probably remain between 105.00 and 106.00 for the next few weeks – UOB The dollar was strong against […]
EUR / USD stabilizes near 1.1700, appears to post the lowest daily close in two weeks
The EUR / USD fell below 1.1700 during the American session. Risk aversion helped the USD pick up steam on Thursday. Brexit uncertainty and coronavirus fears weigh on European currencies. After passing the Asian session close to 1.1750, the pair EUR/USD it lost traction in the second half of the day and fell to its […]
USD / CAD recovery stops at 1.3260 and falls back to 1.3230
The US dollar rally hits the resistance at 1.3260 and falls back to the 1.3230 area. The dollar is up 0.6% on the day driven by risk aversion. Concerns about a second wave of COVID-19 and weak data from the United States have clouded market sentiment. The US dollar has taken a break in the […]
