EUR/USD is gaining momentum after managing to hold above 1.1400. Dollar weakness in the market boosts the pair. Next key data: US inflation on Thursday. EUR/USD gained momentum in the last hour and climbed to 1.1445, marking a new high for the day. In this way, the euro cuts the losses of the current week […]
Tag: Major Pairs
USD/JPY now looks to test 115.80 – UOB
Further gains are likely to be seen in USD/JPY once the 115.80 level is brokenaccording to currency strategists at UOB Group. Key comments 24 hour view: “Yesterday we expected USD/JPY to strengthen, but are of the opinion that ‘any advance in USD/JPY is unlikely to break 115.50’. The expected strength of the pair exceeded our […]
GBP/USD could still reach the 1.3645 level – UOB
In the opinion of the UOB Group’s currency strategists, GBP/USD could still break the 1.3600 barrier on the short-term horizon. key comments 24 hour view: “GBP/USD moved between 1.3509 and 1.3557 yesterday, narrower than our expected sideways range of 1.3500/1.3570. Price action offers no new clues and GBP/USD could continue to move sideways. Expected range […]
EUR/USD faces further gains above 1.1485 – UOB
The pair EUR/USD needs to break 1.1485 to allow a possible move to 1.1520 in the short term, currency strategists at UOB Group suggest. Key comments 24 hour view: “We expected EUR/USD to ‘consolidate and move into a range of 1.1405/1.1465’ yesterday. EUR/USD subsequently moved between 1.1394 and 1.1448 before closing at 1.1414 (-0.24%). Momentum […]
Markets calm down, focus on US 10-year bond auction.
This is what you need to know to trade today Wednesday February 9: Major currency pairs continue to trade in relatively tight ranges mid-week amid a lack of high-level data releases and fundamental drivers. The US dollar index is trading sideways near 95.50 after posting small gains on Tuesday and investors await the 10-year US […]
Lack of conviction in the raises
DXY finds decent resistance around 95.70 on Tuesday. Another drop to this year’s low near 94.60 is not ruled out. The US Dollar Index (DXY) puts Monday’s decline behind and resumes gains, although the 95.70 region has appeared to be a pretty decent hurdle so far. The inability of the index to resume rising sustainably […]
GBP/USD trims gains and falls below 1.3550
GBP/USD rises on Tuesday but loses steam after failing to hold above 1.3550. 10-year rate in the US reaches maximum since the end of 2019. The GBP/USD is rising on Tuesday, although it has trimmed gains in the last few hours. The pair climbed to 1.3563, the highest since Friday, and then returned below 1.3550. […]
USD/JPY pulls back from 1-week highs towards 115.20
USD/JPY cannot break above 115.50/55 and loses strength. The dollar with mixed results in the market on Tuesday. The USD/JPY trimmed gains during the European session despite rising Treasury yields. The pair had reached as high as 115.53 hours ago, a one-week high, but then reversed direction and fell towards 115.20, paring gains. The pair […]
EUR/USD manages to return above 1.1400 and trims daily losses
The dollar loses strength before the American session. The euro remains negative against the dollar and the pound, although it cuts losses. EUR/USD remains limited after failing to break above 1.1480 days ago. The EUR/USD falls for the second day in a row on Tuesday, although it has trimmed losses in recent hours, moving significantly […]
US dollar index DXY rises again and exceeds 95.70
The DXY index reverses Monday’s decline and climbs back above 95.70. Higher US yields support the move higher in the dollar. Trade Balance data, the NFIB Index and the IBD/TIPP Index stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, fades […]