A strong pickup in USD demand puts heavy pressure on the NZD / USD. A sustained break below the 200 hourly SMA has been considered a key trigger for bears. The pair now looks vulnerable to retesting the monthly lows, around 0.6550. The NZD / USD pair witnessed strong selling on Thursday and extended the […]
Tag: Foreign exchange
USD / CHF rises near 0.9150, just below weekly highs
USD / CHF regains traction Thursday amid a strong rebound in USD demand. Risk-off sentiment benefits the safe-haven CHF and limits the pair’s gains. The pair USD/CHF has moved higher during the European session on Thursday and has risen near the 0.9150 region, just below the weekly highs reached the previous day. At the time […]
AUD / USD plummets towards 0.7050 on expectation of rate cut in Australia and dollar rise
AUD / USD has the most significant drop in weeks. The dollar gains momentum in the market due to a sharp fall in the stock markets. He AUD / USD extended losses in recent hours and fell to 0.7066, reaching the lowest level since September 28. It is trading 0.7085, trying to break away from […]
EUR / USD Price Analysis: A drop to 1.1612 looming
EUR / USD extends the slide and tests the 1.17 level. The next support is the September low near 1.1600. The EUR / USD continues to weaken and tests the monthly lows zone around the 1.1700 round level on Thursday. The corrective downside appears quite firm and a deeper pullback is not ruled out on […]
US Dollar Index DXY Price Analysis: Rebound May Tough Around 94.00 Level
The DXY index rally remains strong and is approaching the 93.80 area. The resistance line near 93.80 appears as a minor obstacle. After bottoming out near the 93.00 region earlier in the week, the DXY index has regained some buying interest and is now testing the upper end of the range near the 93.80 level. […]
EUR / USD falls to two-week lows near 1.1700
EUR / USD loses ground and falls to the 1.1700 zone on Thursday. The attention of the markets will be on the EU Summit on Thursday and Friday. The day’s agenda focuses on Lagarde’s speech, the US jobless claims and the Philadelphia Manufacturing Index. The single currency resumes its decline and drags the EUR / […]
US Dollar DXY Index Remains Ranged Near 93.40 Level
The DXY index alternates gains with losses in the 93.40 region. Talks about the additional stimulus remain stalled amid political uncertainty in the United States. The usual weekly jobless claims, the Philadelphia Fed Manufacturing Index, and various speeches by Fed members stand out on today’s calendar. He US Dollar DXY Index, which measures the strength […]
EUR / USD: A move towards 1.1680 is not ruled out – UOB
The currency strategists of UOB Group suggested that the EUR/USD remains lateralized and could retest the 1.1680 region in the coming weeks. 24 hour perspective: “We highlighted yesterday that there was room for the EUR to weaken further but that 1.1700 was likely to be out of range for now. However, the euro traded quietly […]
GBP / USD between 1.2845 and 1.3120 in the short term – UOB
The Libra maintains mixed perspective unchanged and expected to trade within the range of 1.2845-1.3120 in the near term, currency strategists from UOB Group. 24 hour perspective: “Yesterday, we held the view that the GBP could weaken to 1.2890, qualifying that the outlook for a breakout of last week’s low at 1.2845 was not high. […]
USD / JPY stabilizes near 105.00, appears to post the lowest daily close in three weeks
USD / JPY lost its traction and fell towards 105.00 on Wednesday. The safe haven flows help the JPY gain traction against its rivals. The US Dollar Index is still on track to close in the red. The pair USD/JPY it remained relatively quiet near 105.50 for the first half of the day, but was […]
