GBP/USD remains directionless around 1.1800. DXY falls modestly, Treasury yields stable. US data is coming and then Powell’s speech. GBP/USD recovered after falling as low as 1.1775 and climbed as high as 1.1844, it is trading largely unchanged from Thursday’s close around 1.1820 ahead of the Federal Reserve Chairman’s speech and US data. Powell will […]
Tag: Major Pairs
USD/JPY positive near 137.00, ahead of key event
The market is in standby mode, looking at Jackson Hole. Jerome Powell will give a speech, which will be closely watched with great potential. The dollar with mixed results in the prior, the yen among the weakest. The USD/JPY rose during the Asian session at a moderate pace and peaked in Europe at 137.11, the […]
EUR/USD rises above 1.0000 ahead of data and Powell
The euro gains momentum in the market on Friday. The dollar loses strength in the run-up to Powell’s speech. EUR/USD recovers again from 0.9950. The EUR/USD recovered from two-day lows below 1.0000, and rose to 1.0023, the new high. The pair remains in the high zone, with the tone bullish, in the anticipation of Powell’s […]
USD/JPY trims losses after US data, approaches 137.00
US growth and employment data beat expectations. The dollar is favored while the yen falls on rising yields. USD/JPY continues to move sideways with no clear direction ahead of the Jackson Hole symposium. The USD/JPY bottomed on Thursday at 136.29 and then started a rebound, which was accelerated by the release of US economic data. […]
EUR/USD extends pullback and approaches 0.9900
The dollar gains momentum again after Tuesday’s fall. US: Report durable goods orders with mixed signals. EUR/USD remains under pressure, unable to sustain recovery. EUR/USD continued to pull back and posted fresh daily lows at 0.9912, close to Tuesday’s low in decades at 0.9898. After the publication of US economic data, the pair did not […]
EUR/USD shoots up and exceeds 1.0000 after negative data from the US economy.
PMI data surprises negatively and weighs on the dollar. EUR/USD accelerates to the upside and climbs to 1.0019. Stocks on Wall Street rise after the report. The dollar tumbled after August’s preliminary PMI report, propelling EUR/USD back above parity. The pair climbed to 1.0019, marking a new high for the day, and recovering in this […]
EUR/USD slumps to 0.9900, new low in two decades, but reacts slightly higher after German PMI
The fall of EUR/USD continues this Tuesday awaiting the important PMI data for manufacturing and services that are published in the Eurozone and the United States, and that may be decisive for the direction of the pair. The euro has lost 50 pips since the Asian session, falling in the early hours of the European […]
USD/JPY returns to positive territory and recovers 137.00
The dollar remains firm at the beginning of the week. Treasury bond yields remain at monthly highs supporting the dollar. Low in bags limits the fall of the Japanese currency. USD/JPY is rising for the fifth day in a row after managing to return above 137.00 in the early American session. The pair bounced off […]
EUR/USD falls to five and a half week lows around 0.9985/90
The EUR/USD The fourth week of August has started under strong downward pressure, just as the previous one ended. Since the start of Monday, the pair has lost more than 55 pips, falling in the early hours of the European session to its lowest price in five and a half weeks, 0.9989. The strength of […]
USD/JPY continues to rise and hits three-week highs above 137.00
Yen under market pressure as sovereign bond yields rise, despite risk aversion. DXY rises to highest level since July 15. USD/JPY is headed for the second highest weekly close in decades. The USD/JPY is rising for the fourth day in a row on Friday and hit as high as 137.14, atreaching the highest level in […]