The yen remains weak on all fronts. USD/JPY firm above 140.00, supported by monetary policy divergence. Growing expectation for the US August employment report. The USD/JPY is trading around 140.30, at a price level not seen since 1998. The pair reached as high as 140.42 and then pulled back slightly to 140.10. The focus is […]
Tag: Major Pairs
USD/JPY soars to fresh 24-year highs above 140.00 after US ISM Manufacturing.
The USD/JPY has jumped 60 pips higher after news that the US manufacturing ISM had improved expectations by a few tenths in August. The pair has reached with the rise the level 140.13, its highest price since August 1998. The ISM Manufacturing PMI stood at 52.8 points in August, beating the market estimate of 52.0, […]
GBP/USD hits new two-year low below 1.1550
The pound remains under pressure, while the dollar gains momentum. Treasury yields up, support DXY. GBP/USD getting closer to the 2020 low. The GBP/USD remains in negative territory and at the lowest levels in two years, near 1.1550, before a firmer dollar throughout the market. The pair hit a new two-year low after US jobless […]
EUR/USD falls to the 1.0000 zone on a stronger dollar
The euro cuts with three days of rises against the dollar. EUR/USD remains slightly bullish in the very short term, but without strength. Ahead: US data on manufacturing and jobless claims. The EUR/USD is cutting three days higher and losing ground on Thursday against a firmer dollar. The pair recently fell to 1.0001 and then […]
EUR/USD falls below 1.0000, to two-day lows
A stronger dollar pushes EUR/USD below parity again. Intraday outlook favors the dollar, although the price remains in the recent range. European and US bond yields continue to rise. EUR/USD was unable to break above 1.0050 and reversed direction, falling to 0.9970, the lowest level in two days. The pair remains below parity with a […]
USD/CHF continues to rise and tests 0.9750, the franc among the weakest
The Swiss franc among the weakest in the market, affected by expectations of rate hikes in Europe. Dollar modestly, DXY remains in recent range. USD/CHF tests the resistance at 0.9750. USD/CHF rose as high as 0.9749, reaching the highest level in almost three weeks. The pair remains in the high zone, and accumulates a rise […]
USD/JPY pulls back from 139.00, finds support above 138.00
USD/JPY is falling on Tuesday correcting Monday’s advance. Price remains close to key 140.00 zone. The dollar loses strength due to stability in bond yields and rises in the stock markets. The USD/JPY extended the retracement from 139.00 and fell to 138.03 on Tuesday, marking a new daily low. The pair is trading around 138.35, […]
EUR/USD extends the advance to the 1.0055 area
The dollar maintains a tone of weakness in the face of stable yields and a rise in stock markets. The euro at weekly highs against the franc and the pound. EUR/USD with an intraday bullish bias, above 1.0055 it appears 1.0090. EUR/USD is rising for the second day in a row and continues to bounce […]
GBP/USD recovers slightly after falling to two-year lows near 1.1650
The pound weakened, among the worst performers in the G10. The dollar remains firm, although it cuts gains in the last hours. GBP/USD sets new lows in two years. GBP/USD is trading around 1.1680, firming below 1.1700 for the first time since March 2020. The pair posted a fresh low at 1.1642 before paring losses. […]
USD/JPY trims gains from 139.00, remains firm
Rise in government bond yields continues to put downward pressure on the yen. The dollar with mixed results on Monday, remains firm after hawkish tones. USD/JPY pulls back after hitting 138.99 and trims gains. The USD/JPY trimmed gains in the European session and fell back to 138.36. The pair had reached as high as 138.99 […]