The DXY index appears under pressure around 95.50 during the European session on Wednesday. 10-year US Treasury yields remain capped by the 1.80% area. US inflation figures measured by the CPI stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Tag: Main Pairs
GBP / USD Now Targets A Possible Test Of 1.3700 – UOB
In light of recent price action, the pair GBP / USD could revisit the 1.3660 level before rising to 1.3700 on the short-term horizon, according to the currency strategists of the UOB Group. Featured Comments 24 hour view: “The sharp rise to 1.3637 yesterday was a surprise (we expected GBP / USD to trade between […]
EUR / USD could extend the advance to 1.1395 – UOB
FX strategists in UOB Group come now to EUR/USD trying to retest the vicinity of the 1.1400 region in the coming weeks. 24 hour perspective: “We highlighted yesterday that the outlook was mixed and we expected the EUR to trade between 1.1295 and 1.1365. Subsequently, the euro fell to 1.1311, but the decline was short-lived, […]
GBP / USD breaks the 1.3600 level
The British pound rose for the third day in a row. A mixed market mood and an empty UK economic docket were no excuse for sterling bulls to push the pair higher, courtesy of a weaker USD. GBP / USD has a bullish bias, although a daily close above 1.3600 would consolidate the pair’s chances […]
EUR / USD again stops at the 1.1350 zone and falls to 1.1325
The dollar cuts losses and moves the EUR / USD away from 1.1350. EUR / USD remains sideways, within a dominant range. The focus shifts to Powell and Wednesday to inflation data. The EUR / USD rose hours ago to 1.1351, but then undertook a retracement to 1.1325. In the preview of the American session […]
US dollar DXY index below 96.00 level before Powell
The DXY index retraces part of Monday’s advance and falls below the 96.00 level. US yields appear to be taking a breather around recent highs. The release of the NFIB index and the IBD / TIPP index stands out on the US economic calendar. The US dollar DXY index, which measures the strength of the […]
GBP / USD fails to break through the 1.3600 level
The pound sterling just lost 0.12% at the end of the American session. Risk aversion and rising US Treasury yields boosted the USD, hurting the pound. GBP / USD is neutral, although a break above 1.3600 would expose a challenge from the 200 DMA. On Monday, expectations of rising US central bank rates and Omicron […]
AUD / USD struggles around 0.7250
Risk sensitive currencies are lower in the North American session. Goldman Sachs expects four raises from the Fed in 2022, according to Reuters. AUD / USD is biased lower, descending from a trend line of support turned resistance. The AUD it plummets as the American session begins, amid risk aversion, as evidenced by US equity […]
GBP / USD extends correction to 1.3530 zone
The US dollar gains momentum as market sentiment deteriorates. DXY rises 0.40%, US 10-year yields return to 1.80%. GBP / USD is still bullish, but faces stiff resistance at 1.3600. The GBP/USD it fell further from above 1.3600 and hit a fresh daily low of 1.3531. It remains under pressure amid a stronger US dollar […]
The next target on the upside is 96.50
DXY regains its composure and advances above 96.00. The next bullish target is seen at the 96.50 area. The DXY (US Dollar Index) he manages to regain his smile and surpassed the barrier of 96.00 and more at the beginning of the week. Should buying pressure regain conviction, then the next major hurdle should come […]