The single currency has been unable to recover from the aggressive FOMC Minutes, down 0.13%. The US ISM services PMI decelerated although it remains in expansionary territory. Initial US jobless claims rose 207,000, 10,000 more than estimates. EUR / USD Technical Outlook: Biased to the downside, although a daily close below 1.1300 could accelerate a […]
Tag: Main Pairs
AUD / USD continues its two-day decline, trading at 0.7160
The Australian dollar falls to the mercy of a US central bank seeking to reduce its balance sheet. Initial jobless claims in the United States rose more than expected, but remain at a five-decade lows. AUD / USD Technical Outlook: The pair has a bearish bias and could soon test the 0.7100 level. In the […]
Additional earnings must exceed 1.3600 – UOB
Forex strategists in UOB Group point out that we are likely to see more gains in the GBP/USD above the 1.3600 mark. 24-hour perspective: “We highlighted yesterday that the pound could break above 1.3560 before the risk of a pullback increased. And we added that the next resistance at 1.3600 was unlikely to be threatened. […]
Yields rise on optimistic FOMC outlook, dollar gains strength again
This is what you need to know to trade today Thursday 6 January: The dollar suffered losses against its main rivals during the first half of Wednesday, but made a sharp U-turn in the US session yesterday with rising US Treasury yields. The DXY dollar index continues to rise at the beginning of the European […]
GBP / USD rises above a June downtrend line, bulls aiming for 1.3600
The pound sterling advanced for the second day in a row, with a rise of 0.43%. The UK Prime Minister said England could handle the Omicron variant without re-imposing lockdown restrictions. US ADP national employment figures beat economists’ estimates, rising above 800,000. On Wednesday, the GBP Sterling advanced during the American session, trading at 1.3571 […]
AUD / USD rises further to 0.7270 zone ahead of FOMC Minutes
The aussie extends gains against the US dollar in US time despite upbeat US data. DXY down 0.30%, US yields rise modestly, below Tuesday’s highs. The FOMC Minutes will be published at 19:00 GMT. The pair AUD/USD It gained momentum during the US session and rose to 0.7268, reaching the highest level since the Asian […]
US Dollar Index Still Under Pressure, Challenges 96.00
The DXY is trading defensively near 96.00. The US ADP report surprised to the upside in December. Investor attention now shifts to the FOMC Minutes. The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, is trading defensively and near the 96.00 zone on Wednesday. The US dollar index […]
Markets turn cautious as focus shifts to FOMC minutes
This is what you need to know to trade today Wednesday, January 5: The American dollar He gathered strength against his rivals during the first half of Tuesday, but lost his momentum during the American session. Risk-off sentiment sent US Treasury yields down and the DXY dollar index moved away from the two-week high it […]
USD / CAD hits new lows at 1.2666 and bounces above 1.2700
US Data Disappointing Expectations, Next Up: FOMC Minutes and ADP Figures. The DXY is positive again, it remains above 96.00. USD / CAD remains bearish but again rejected below 1.2700. The pair USD / CAD It bottomed out at 1.2666 and rallied above 1.2700 as the USD leaps from weak to strong within a few […]
EUR / USD remains under pressure below the 1.1300 zone
The EUR / USD pair fell back to the 1.1270 zone on Tuesday. Higher yields support another bullish move in the dollar. The US manufacturing ISM hit 58.7 in December. The European currency remains under pressure and drags the EUR/USD to fresh multi-day lows at the 1.1275 / 70 zone on Tuesday. EUR / USD […]
