British pound falls for the first time in the week, falls from weekly highs. Worse than expected, US economic data failed to boost sterling. Strong UK economic data failed to support the GBP. GBP/USD Technical Outlook: Failure at the 200 DMA opens the door for a drop towards the 100 DMA. On Friday, a set […]
Tag: Main Pairs
USD/JPY falls to three-week lows near 113.50
Japanese Yen Benefits Amid Weak US Data and Risk Aversion. DXY trims losses and turns positive during the American session. USD/JPY has the biggest weekly loss in a year. The USD/JPY extended weekly losses and fell to 113.47, hitting the lowest level since December 20. It then recovered, rising to 113.80. The dollar is having […]
USD / CAD claims the DMA of 200 and 1.2500 amid disappointing US economic data.
The Loonie loses ground against the dollar amid the release of worse-than-expected US economic data. US retail sales suffered the biggest contraction in 10 months. USD / CAD Technical Outlook: Bullish bias, although the pair is above the 200 DMA. The USD / CAD it rises during the American session after the December retail sales […]
The US Dollar Index regains its smile and is approaching 95.00
The DXY reverses the previous slide to 2-month lows near 94.60. US retail sales surprised to the downside in December. US Consumer Sentiment comes next on the economic agenda. Followed by the US Dollar Index (DXY), The USD shows a moderate recovery after bottoming out at multi-week lows near 94.60 at the end of the […]
AUD / USD extends decline and marks lows below 0.7250
The dollar gains moment before US data. AUD / USD cuts weekly gains on Friday and weakens. The AUD / USD is falling on Friday and extends the pullback after hitting 0.7314 on Thursday, the highest level since Nov. 16. The pair just fell to 0.7246, marking a two-day low. The pair is still in […]
Fall could extend to 93.80 zone
The DXY flirts with the 100-day simple moving average at the 94.60 region on Friday. The next containment zone appears in the 93.80 area. The dollar remains under downward pressure, dragging the US dollar index (DXY) to new two-month lows around 94.60 at the end of the week. If the downward pressure accelerates, then the […]
More earnings still likely – UOB
In the opinion of the currency strategists at the UOB Group, further rise seems likely in GBP / USD In the next weeks. Featured Comments 24 hour view: “We highlighted yesterday that ‘while GBP / USD could strengthen’, we note that ‘overbought conditions suggest a slower pace of advance and a sustained rise above 1.3740 […]
Solid support expected around 113.60 – UOB
Further decline in USD / JPY faces a stiff barrier around 113.60 in the coming weeks, as suggested by currency strategists at UOB Group. Featured Comments 24 hour view: “We expected USD / JPY to ‘test 114.30’ yesterday and we are of the opinion that ‘next support at 114.00 is unlikely to enter the picture.’ […]
EUR / USD is now heading to the 1.1500 mark and above – UOB
UOB Group forex strategists now see the EUR/USD facing some short-term consolidation before a potential move past the 1.1500 figure. 24 hour perspective: “We highlighted yesterday that strong momentum to the upside suggested that the EUR could further strengthen to 1.1470. However, we added that the next resistance at 1.1515 was likely to be out […]
AUD / USD closes in on 0.7300 amid risk aversion
The Australian dollar is up for the fourth day in a row. A risk-off market failed to stop the AUD’s rally, courtesy of the broad weakness of the US dollar. Market participants mainly ignored the mixed macroeconomic data from the US. The AUD advances as the US session rose 0.08%, courtesy of the continued selloff […]