AUD / USD cuts gains after hitting 0.7185 to test support at the 0.7150 area. The US dollar recovers from risk aversion as hopes for a US stimulus fade. The Aussie remains in an uptrend heading towards 0.7235 / 43 – Credit Suisse. The Australian dollar’s recovery from Tuesday’s low of 0.7150 has been capped […]
Tag: Foreign exchange
USD / CHF cuts Tuesday’s gains, falls to 0.9110
The US dollar is down across the board, losses limited by risk aversion. The USD / CHF maintains a bearish bias, remains limited by the 0.9150 zone. He USD/CHF it fell further back from the five-day high it hit on Wednesday at 0.9162 and bottomed at 0.9112. At time of writing, it is trading at […]
NZD / USD rises to new three-week highs, approaching 0.6700
The NZD / USD pair gained traction early in the US session. The US dollar index falls to the 93.30 area on Wednesday. The major Wall Street indices post modest daily gains. After fluctuating in a tight range near 0.6650 during the first half of the day, the pair NZD / USD gained traction in […]
EUR / USD Extends Gains Towards 1.1770 As US Dollar Pulls Back
The euro bounces from week-long lows against the dollar to 1.1770. EUR / USD finds support around the 20-day moving average. The pair EUR/USD It hit a new daily high at 1.1770 during the US session amid a decline in the US dollar across the board. The dollar retreats favoring an upward movement of the […]
GBP / JPY Price Analysis: Recovers and returns to break point of rising trend line support
The GBP / JPY cross witnessed a dramatic intraday shift from two-week lows. The overnight break below a trend line support warrants a warning for the bulls. The crossing GBP/JPY It built on its strong intraday recovery move from nearly two-week lows and updated daily highs, around 137.25-30 in the last hour. The cross has […]
USD / JPY falls to 105.00, near two-week lows
USD / JPY fell to two-week lows amid the emergence of new USD selling. Moderation in safe haven demand undermined the JPY and helped limit deeper losses. A sustained break below 105.00 will pave the way for additional weakness. The USD sell bias accelerated during the early North American session and pushed the pair USD/JPY […]
EUR / GBP Price Analysis: Looks vulnerable near the 100 DMA, around the 0.9020 region
EUR / GBP witnessed a radical intraday shift from a month-old downtrend line. The setup favors bearish traders and supports the prospects for a further short-term depreciation move. Only a sustained move past the aforementioned trend line resistance will nullify the negative outlook. The crossing EUR/GBP it extended its strong intraday retracement from the weekly […]
EUR / USD Price Analysis: Another visit to 1.1700 not ruled out
EUR / USD bounces away from lows near the 1.1720 region on Wednesday. The next key area in dispute arises in the neighborhood of 1.1700. After a dip to multi-day lows at the 1.1720 / 15 zone earlier in the session, the EUR/USD it has managed to return to positive territory near 1.1770 at the […]
USD / MXN: The Mexican peso remains firm below 21.50
Mexican peso remains firm near the highs of the month against the dollar. USD / MXN cannot sustain above 21.40. He USD / MXN is falling modestly on Wednesday after the rally met resistance before hitting 21.50. There change of direction and fell to 21.25, marking a new low for the day. It is trading […]
GBP / USD updates session highs, looking to build momentum above 1.3000
GBP / USD witnessed a dramatic intraday reversal from the one-week lows. The British pound gained traction after the UK signaled that it will not abandon Brexit talks. A softer tone surrounding the USD continued to support the momentum. The pair GBP/USD spiked to fresh daily highs during the mid-Europe session, and the bulls are […]
