EUR/USD rallied amid a slight improvement in market sentiment. The EU, US, UK and Canada imposed another tranche of sanctions, sparking a risk-off sentiment in the market amid the escalating conflict. Inflation figures for Spain were reported, with the IPCA expanding 7.5% y/y above the 6.8% estimate. EUR/USD remains biased to the downside and could […]
Tag: Macroeconomy
NZD/USD rises above the 50-DMA at 0.6729 amid increasing fighting between Russia
NZD/USD is up 0.64% on the week. Russia’s attack on Ukraine extends for the third day in a row amid reports that Putin is open to talks with Ukraine. NZD/USD Technical Outlook: Neutral bias but 50 DMA capped Friday’s upside move. Friday’s trading session so far has seen an improvement in risk appetite as European […]
USD/JPY holding steady around 115.50 as financial markets head into the weekend
USD/JPY gains 0.45% on the week amid an improved market mood. Russian reports said that Vladimir Putin is open to sending a delegation to Minsk for talks with Ukraine. USD/JPY Technical Outlook: Bias to the upside, but a daily close above 115.49 would open the door for a renewed challenge of the yearly high at […]
Markets calm for now, bracing for another turbulent day
This is what you need to know to trade today friday february 25: Safe-haven money flows dominated financial markets for most of Thursday and the US dollar index DXY rose to its highest level since June 2020 at 97.73 before pulling back at the end of the American session. Markets remain relatively calm early on […]
EUR/USD recovers the 1.1200 level after hitting a yearly high at 1.1106 as the Russian invasion of Ukraine continues
EUR/USD lost 0.81% on the day, amid Russia’s offensive on Ukraine. Conflict issues between Ukraine and Russia dampened the mood of market players. EUR/USD Technical Outlook: Neutral bias to the downside, although a daily close below 1.1200 could exacerbate a move towards 1.1100. The EUR is falling during the American session, although recovering from daily […]
EUR/USD falls sharply towards 1.1300 as Ukraine-Russia conflict intensifies
The shared coin on the week is posting a 0.12% loss. Tensions between Ukraine and Russia continue to command attention amid failing diplomacy. EUR/USD’s path of least resistance is to the downside and it could soon break below the 1.1300 level. On Wednesday, the EUR/USD declines as tensions rise between Ukraine and Russia, as US […]
GBP/USD struggles at 1.3600, pulls back to 1.3550 as market mood weakens over Ukraine crisis
Conflicts between Ukraine and Russia, capture the attention of market participants, again. Bank of England members in the UK Parliament’s Treasury Committee opposed the “aggressive” tightening of monetary policy. GBP/USD Technical Outlook: Failure at 1.3600 caused a move towards 1.3500. Sterling’s failure to hold above 1.3600 exacerbated a move towards the 1.3550 area as geopolitical […]
AUD/USD falls 40 pips to 0.7240 amid tension over Russian invasion of Ukraine
AUD/USD is up 1.13% on the week. Fighting between Ukraine and Russia dominates news headlines as tensions rise. AUD/USD Technical Outlook: Under downward pressure as AUD/USD sellers test the 0.7240 level. Benefiting from the Reserve Bank of New Zealand’s (RBNZ) 25 bps rate hike and its “aggressive” forward guidance, AUD/USD rises to fresh monthly highs […]
Markets calm as focus remains on geopolitics
This is what you need to know to trade today Wednesday February 23: The positive impact of moderating fears over a military conflict between Russia and Ukraine on risk sentiment faded in the second half on Tuesday as the US introduced sanctions against Russia. Wall Street’s major indices closed the day in negative territory and […]
AUD/USD caught between 50-100 DMA as bulls take a breather around 0.7220
The Australian dollar remains at the forefront of the week, rising 0.68%. Despite a mixed mood in the market, the US dollar index does not weigh on the AUD. AUD/USD Technical Outlook: Range bound but close to a bullish breakout if it holds above 0.7200. The Australian dollar remains firm in the North American session […]
