The DXY prints new monthly highs above 91.50, pointing to higher gains. US yields are on an uptrend, supporting the dollar. US economic data beat expectations, focus on NFP. USD / JPY is rising for the seventh consecutive trading day and has accelerated to the upside. The pair consolidated above 105.00 and jumped to 105.49, […]
Tag: Main Pairs
EUR / USD bearish near 1.1980
EUR / USD challenges the 2021 lows in the 1.1980 region. EMU retail sales expanded 2% month-on-month in December. Initial US claims increased by 779,000 WoW, less than expected. Sellers keep good control of sentiment around the shared currency and force the EUR/USD to stay close to the area of the annual lows in the […]
GBP / USD at 2-week lows below 1.3600 ahead of BoE
The dollar continues to advance on all fronts, DXY reaches 91.50. In short, Bank of England decision, then US data. GBP / USD extended the slide and reached 1.3568, the lowest level since January 18. Then he had a modest rebound without recovering 1.3600. It remains with a clear downward bias in the previous statement […]
USD / CAD remains positive near the 1.2800 level although lacks continuation
Sustained USD buying helps USD / CAD gain some positive traction on Thursday. The rally in crude oil prices benefits the CAD and limits any further gains in the pair. The pair USD / CAD remains positive on the day, near the region of daily highs during Thursday’s European session, with bulls making another attempt […]
EUR / USD plunges to fresh two-month lows below 1.2000
The EUR/USD it continues to be strongly pressured down this Thursday. After registering a slight rally at the beginning of the Asian session to 1.2042, the highest of the day, the cross has started to lose ground, falling 50 pips to the new two-month low at 1.1992. The rise in US bond yields due to […]
USD / JPY: Outlook remains positive in the short term
USD / JPY remains constructive bias unchanged for now, have noted the currency strategists of UOB Group. Key Comments: 24 hour view: “Our retracement expectation did not materialize as USD / JPY moved within a tight range between 104.90 and 105.10. Momentum indicators are mostly neutral and it would not be surprising if the sideways […]
US Dollar DXY Index Hits New 2021 Highs Above 91.30
The DXY index recovers from Wednesday’s slide and returns to 91.30. Positive growth prospects and vaccine launches support the dollar. The release of initial jobless claims and factory orders data stand out on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
GBP / USD: Additional range on the table
In the opinion of the currency strategists at UOB Group, the position of the GBP/USD remains sloping down in the middle of a wider range between 1.3580 and 1.3760. Key Comments: 24 hour view: “GBP / USD traded between 1.3620 and 1.3683 yesterday, tighter than our expected range of 1.3630 / 1.3710. Price action offers […]
Returns initial gains, bulls have a hard time forcing a breakout
The NZD / USD pair has returned all initial gains from the Asian session and is moving back below the 0.7200 level. At time of writing, the pair is trading in the region of daily lows, around the 0.7195 level, having peaked at 0.7225 earlier in the day. The daily chart shows that the bulls […]
EUR / USD: Possible move to 1.1965 in the short term
UOB Group currency strategists note that the EUR / USD could fall back to 1.1965 if it falls below the 1.2000 level In the next weeks. Key Comments: 24 hour vision: “We highlighted yesterday that ‘oversold conditions coupled with waning momentum suggest EUR / USD is unlikely to weaken.’ We added that EUR / USD […]