USD / CHF struggled to capitalize on its modest initial gains to three-day highs. A dovish USD price action was seen as a key factor limiting the pair’s gains. The disappearance of the safe haven demand undermined the CHF and helped limit deeper losses. The pair USD/CHF cut out Modest initial gains at three-day highs […]
Tag: Foreign exchange
USD / CAD continues to move sideways near 1.3150
USD / CAD is fluctuating in a tight range on Wednesday. WTI consolidates Tuesday’s gains, holding quiet near $ 40. Market action is likely to remain subdued for the remainder of the day. After Tuesday’s modest recovery, the pair USD / CAD it is moving in a tight range on Wednesday and is having a […]
AUD / USD slowly approaching 0.7200 amid modest DXY correction
AUD / USD is rebounding after Tuesday’s slide. The US Dollar Index consolidates near 93.50. Data ahead: wholesale inflation in the US and employment in Australia. He AUD / USD closed the first two days of the week in negative territory and is making a technical rally on Wednesday. At time of writing, the pair […]
DXY Price Analysis: Minor Resistance Appears at 93.90
The DXY recovery appears to have been exhausted near 93.70. Higher up, the 93.85 / 90 band emerges. After bottoming out at the 93.00 area earlier in the week, the US Dollar Index (DXY) recovered some buying interest and managed to advance to the 93.70 region on Wednesday, where it lost some for now. The […]
USD / JPY: Expectation of continuity of the range in the short term – UOB
USD / JPY is forecast to remain trading within the 105.00-106.00 range on the near term horizon, UOB Group currency strategists noted. Key statements: 24-hour outlook: “The USD traded relatively quietly yesterday (between 105.26 and 105.62). Price actions offer no new clues and the USD could continue to consolidate for now, probably within a range […]
EUR / JPY falls to lows in a week and a half in the area of ​​123.50
Euro with some weakness in the market that favors a fall in the EUR / JPY. Yen remains firm, despite stability in the markets. EUR / JPY is falling for the third day in a row. It recently hit the lowest level in twelve days at 123.56, and bounced slightly. It is trading at 123.70, […]
EUR / USD extends slide to 1.1720 ahead of ECB speech
EUR / USD remains on the defensive well below 1.1800. Investors’ attention remains on US politics and the pandemic. An ECB speech and eurozone industrial production data are prominent on today’s economic calendar. The pair EUR/USD extends the drop towards the region of 1.1720, reaching new lows of several days at levels not seen since […]