EUR / USD falls to 1.1445, only to rally again to 1.1470. The US dollar remains under pressure amid appetite for risk. The EUR/USD it fell from two-month lows at 1.1481 to 1.1445, during the American session. The dollar’s recovery was short-lived and the pair is back above 1.1465, looking at recent highs. The dollar […]
Tag: Main Pairs
NZD / USD Nears 0.6900 And Marks Seven-Week Highs
Dollar weakness continues to support further increases in the NZD / USD. Traders eyeing more US data and statements from Fed officials. The NZD / USD is rising for the third day in a row and looks strengthened from a technical point of view after confirming the break at 0.6850. The pair rose to 0.6884, […]
USD / CAD recovers from a two-month low, still negative below the 1.2500 level
USD / CAD continues to lose ground for the third day in a row and falls to a more than two-month low. Selling around the USD after the US CPI remains unabated and is seen as a key factor putting some pressure on the pair. A pullback in oil prices weighs on the CAD and […]
EUR / USD hits new 2-month highs near 1.1480, dollar plunges
EUR / USD gains additional pace and is approaching the 1.1500 mark. The dollar loses more ground and falls to lows of several weeks. The optimistic tone in the complex associated with risk has pushed the EUR/USD more than 40 pips higher to hit fresh 2-month highs at 1.1478 on European morning Thursday. EUR / […]
Dollar struggles to shake selling pressure awaiting mid-level data
This is what you need to know to trade today Thursday, January 13: The dollar faced heavy selling pressure in the second half of the day on Wednesday after data released by the US Bureau of Labor Statistics showed the annual Consumer Price Index (CPI) rose to 7%, as expected. After losing more than 0.6%, […]
GBP / USD is now facing the next hurdle at 1.3740 – UOB
In the opinion of UOB Group currency strategists, GBP / USD is still ready to visit the 1.3740 region before targeting 1.3800 on the short-term horizon. Featured Comments 24 hour view: “We highlighted yesterday that ‘strong bullish momentum suggests GBP / USD could continue to rally towards 1.3660’. Adding:” The next resistance at 1.3700 is […]
AUD / USD jumps towards 0.7270 as the US dollar declines
A general decline in the dollar propels AUD / USD higher. The pair faces the next resistance around 0.7275. Inflation in the US rises to 7%, the largest increase in nearly 40 years. The USD is falling sharply amid higher stock prices and following the December US CPI report The AUD/USD it jumped to 0.7266 […]
USD / JPY resumes decline and challenges 115.00
USD / JPY is defensive near 115.00. US yields show mixed performance on Wednesday. The headline CPI for the US rose 7% year-on-year in December, in line with estimates. The USD accelerates its losses and drags the USD/JPY to the weekly lows near the 115.00 level on Wednesday. USD / JPY looks to yields, weakened […]
The 95.50 area holds the lows for now
The DXY struggles for direction at the recent lows near 95.50. The loss of 95.50 should open the door to further losses. The US dollar index appears to have found decent support at the current year’s lows around 95.50 on Wednesday. If sellers break below this level, they can push the index lower on the […]
GBP / USD falls back to 1.3620 from two-month highs
The pound maintains an upward trend against the dollar. GBP / USD has the highest daily close in two months above 1.3600. Following a hearing by the Fed chairman, the focus shifts to US inflation data. The GBP / USD is trading around 1.3630, virtually unchanged from Tuesday’s close. The pair reached the lowest level […]