Pound stable ahead of Brexit critical Friday. The US dollar maintains gains amid risk aversion. He GBP/USD it fell further and bottomed at 1.2889, reaching a new daily low. The pound then rallied to 1.2935 as the rally in the US dollar lost momentum across the board. Johnson will decide on Friday The pound is […]
Tag: Foreign exchange
The low looks exhausted, more losses below 1.0700
The Aussie falls sharply across the board on expectations of the RBA rate cut. AUD / NZD finds support around 1.0700 and bounces to 1.0740. The AUD / NZD is falling for the fifth day in a row. It accelerated during the Asian session on rising expectations of rate cuts from the Reserve Bank of […]
AUD / USD falls to fresh 18-day lows near 0.7050
AUD / USD was down more than 1% on Thursday. The RBA’s dovish comments continue to weigh on the AUD. The US dollar index advances towards 94.00 in the American session. The pair AUD/USD it fell sharply during Asian trading hours on Thursday and extended its daily decline to a fresh 18-day low of 0.7056 […]
Recovers from lows, still negative just above 136.00 level
GBP / JPY witnessed some new selling on Thursday and fell back near two-week lows. The lack of a solid continuation sell warrants some caution for aggressive bears. The GBP / JPY cross has continued to lose ground during the start of the American session on Thursday and has fallen below the 136.00 level, again […]
EUR / USD falls to two-week lows below 1.1700
Dollar clings to earnings supported by risk aversion. The technical outlook for EUR / USD turns more bearish. He EUR / USD returned to bearish path on Thursday after pause on Wednesday. It is trading around 1.1700, after falling to 1.1688, the lowest level since September 30. The fall of the pair occurs before a […]
The US dollar index rises and is approaching 94.00
DXY gains more traction and is trading near 94.00. Confidence in risk rules global markets and underpins the dollar. Initial US claims increased more than expected by 898,000 per week. The dollar, in terms of US dollar index (DXY), takes extra momentum and manages to test the key 94.00 barrier on Thursday. US dollar index […]
USD / CAD rises to new one-week highs, slowly approaching 1.3250
USD / CAD gains strong positive traction and recovers to week-long highs on Thursday. Bearish market sentiment benefits the USD as a safe haven and supports the pair’s upward move. A sharp drop in crude oil prices weighs on the CAD and provides additional momentum. The pair USD / CAD continues to move higher at […]
USD / JPY Stable Above 105.00, Lacks Tracking
USD / JPY gained some positive traction on Thursday amid resurgent USD demand. Risk aversion and falling US bond yields kept the pair’s strong gains in check. The pair USD/JPY it maintained its modest gains during the first half of the North American session, although it lacked a solid following and fell around 15 pips […]
GBP / USD extends decline and approaches 1.2900 as dollar rally
Pound sterling under the spotlight of traders in the context of the European summit. The dollar rose before a fall in the stock markets throughout the world. He GBP / USD is falling on Thursday, erasing Wednesday’s gains. The price has just dropped to 1.2908, and is trading at 1.2920, under bearish pressure and aiming […]
USD / CAD Price Analysis: Rises to New Weekly Highs Above 1.3200 Level
USD / CAD gains traction for the third day in a row on Thursday. Mixed technical indicators warrant caution before opening new bullish positions. A sustained weakness below the 1.3170 support will negate any positive bias. The USD / CAD pair has extended its recent rebound from the 1.3100 level, at a month-long lows, and […]
