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Tag: Majors

EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB

EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB

Currency strategist Quek Ser Leang of UOB Group’s Global Economics & Markets Research noted that a test of the main support at 0.9670 seems unlikely at the moment. 24 hour outlook: “On 6 Jul 2022 (when EUR/USD was trading at 1.0265), we highlighted in our chart update of the day that the break of critical […]

USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760

USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760 USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760

USD/CHF recovers the 0.9700 figure, advancing towards the 0.9800 mark, up 0.70%. USD/CHF Price Analysis: Daily Close Above 0.9740 Opens Path To 0.9900; otherwise, a drop to 0.9600 is anticipated. The USD/CHF rises during the North American session, reaching a six-week high around 0.9762, falling below the 20-day EMA, widening the gap from the long-term […]

EUR/USD bounces above parity after ECB comments, despite USD strength

EUR/USD bounces above parity after ECB comments, despite USD strength EUR/USD bounces above parity after ECB comments, despite USD strength

EUR/USD advances on the back of ECB Governing Council members expressing the need for a 75 basis point rate hike in September. US consumer confidence rose surprisingly, while job openings beat estimates. German inflation figures for August were in line with estimates, except for headline inflation, which was close to the 8% threshold. The EUR/USD […]

USD/JPY hits six-week highs above 139.00 despite risk aversion

USD/JPY hits six-week highs above 139.00 despite risk aversion USD/JPY hits six-week highs above 139.00 despite risk aversion

The dollar gains momentum despite a new decline on Wall Street. Rising US yields keep the yen under pressure. USD/JPY is approaching the 140.00 area again. The USD/JPY is gaining momentum during the American session and rose to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US dollar overall. […]

AUD/USD at weekly highs, pulls back below the 50 DMA

AUD/USD at weekly highs, pulls back below the 50 DMA AUD/USD at weekly highs, pulls back below the 50 DMA

AUD/USD hit a weekly high around 0.6956, but data and sentiment bolstered the USD. Rising US Treasury yields underpinned the dollar, creating a headwind for AUD/USD. US consumer confidence improves, while job openings rise. The AUD/USD faced strong resistance around the 20-day EMA at 0.6959 and dipped below 0.6900 amid a risk-off drive, with the […]

EUR/USD Price Analysis: Next step up is 1.0090

EUR/USD Price Analysis: Next step up is 1.0090 EUR/USD Price Analysis: Next step up is 1.0090

EUR/USD continues positive start to the week above parity. Firm resistance is seen near the 1.0100 area so far. The EUR/USD hits two-day highs north of the parity barrier on Tuesday. At the moment, it looks like the pair may continue to rise. Therefore, the recent weekly high at 1.0090 (Aug 26) now emerges as […]

Forex Today: Markets Quiet Ahead of Key Data Release

Forex Today: Markets Quiet Ahead of Key Data Release Forex Today: Markets Quiet Ahead of Key Data Release

This is what you need to know to trade today tuesday august 30: Following Monday’s choppy session, markets appear to have calmed down on Tuesday with the Dollar Index (DXY) continuing to move sideways below 109.00 in European morning. US stock index futures are up 0.2%-0.4%, pointing to an improving mood in the markets. The […]

USD/JPY faces next upside barrier at 139.50 – UOB

USD/JPY faces next upside barrier at 139.50 – UOB USD/JPY faces next upside barrier at 139.50 – UOB

Continuation of the bullish bias in USD/JPY could challenge the 139.50 region once 139.00 is brokensay currency strategists from UOB Group, Quek Ser Leang, and Lee Sue Ann. 24 hour outlook: “Yesterday we indicated that the strong bullish momentum suggested a further advance, but a break of 139.00 was unlikely. Our view turned out to […]

GBP/USD risks falling to 1.1630 – UOB

GBP/USD risks falling to 1.1630 – UOB GBP/USD risks falling to 1.1630 – UOB

According to UOB Group currency strategists Quek Ser Leang and Lee Sue Ann, the GBP/USD could extend the decline to the 1.1630 area in the coming weeks. 24 hour outlook: “We expected the pound to weaken yesterday, but were of the opinion that the main support at 1.1630 was probably out of reach. Our opinion […]

EUR/USD can consolidate between 0.9900-1.0085 – UOB

EUR/USD can consolidate between 0.9900-1.0085 – UOB EUR/USD can consolidate between 0.9900-1.0085 – UOB

UOB Group currency strategists Quek Ser Leang and Lee Sue Ann suggest that the EUR/USD is now facing a consolidation between 0.9900 and 1.0085. 24 hour outlook: “Our expectations for the EUR to drop below 0.9900 yesterday were wrong as it bounced strongly from 0.9912 (high has been 1.0028). Despite the strong bounce, the bullish […]