The US dollar corrects lower across the board on Wednesday. The euro is the winner amid comments from officials and data from the ECB. EUR/USD rises for the second day in a row, easing bearish pressure. The EUR/USD holding gains and testing daily highs around 1.0860 in US hours, supported by a US dollar correction […]
Tag: Majors
Pullbacks seen as buying opportunities
The DXY index corrects lower and revisits the 100.30 region on Wednesday. Occasional bearish moves should be viewed as buying possibilities. The US Dollar Index (DXY) loses some ground after reaching fresh cycle highs beyond 101.00 on Wednesday. Price action around the index continues to suggest further upside in the short to medium term. If […]
US dollar index DXY facing some downside pressure around 100.70
The DXY index corrects lower after making recent highs above the 101.00 level. US yields are also pulling back from recent highs and moving defensively. Fed speeches and housing data stand out on the US calendar on Wednesday. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, […]
The rally could extend to 129.50 and 130.00 – UOB
USD/JPY rally seems non-stop and could visit 129.50/130.00 region in the short term, according to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang. Key comments 24 hour view: “While we expected USD/JPY to strengthen yesterday, it was our view that ‘the 127.80 level is out of reach’. In other words, we estimate […]
Dollar pulls back from multi-year highs before mid-level data
This is what you need to know to trade today Wednesday April 20: The global bond sell-off continued on Tuesday with the 10-year US Treasury yield rising to its highest level since late 2018, near 3%. However, after posting its highest daily close in nearly two years at 101.00, the US Dollar Index (DXY) turned […]
There is still room for further drop – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang note that EUR/USD could still try to move to 1.0725 before falling to 1.0700 In the next weeks. Key comments 24 hour view: “Yesterday we highlighted that EUR/USD ‘could weaken further to 1.0755, but a sustained drop below this level is unlikely.’ EUR/USD subsequently […]
USD/CHF breaks above 0.9500, hits 22-month highs amid USD strength
Swiss franc extends weekly losses on the week as USD/CHF rose 0.87%. Russo-Ukrainian jitters and Fed speech dominate headlines. USD/CHF Price Forecast: Break of 0.9500 could open the door towards 0.9600. The USD/CHF is spiking and hit a fresh 22-month high around 0.9506 during the American session, courtesy of a firm US dollar, amid a […]
USD/CAD struggles with the 200 DMA around 1.2625 despite USD firmness
Loonie trims some gains from Monday as USD/CAD gains 0.13%. Eastern European conflict weighs on global energy prices, capping USD/CAD’s upside. USD/CAD Price Forecast: A break above the 200 DMA opens the door towards 1.2676. The USD/CAD trims Monday’s losses and makes a comeback, rising in the North American session above 1.2600, approaching the 50-day […]
USD/JPY hits 20-year high around 128.95, bulls eye 130.00
In the last two months, the USD has appreciated 12% against the Japanese yen. Geopolitics, Fed speech and Fed-BoJ divergence, a tailwind for USD/JPY. USD/JPY Price Forecast: Bullish bias, and a move towards 130.00 is on the cards. The USD/JPY extends to 20-year highs and aims to hit the 130.00 mark, during the American session, […]
US dollar index remains offered near 101.00
DXY alternates gains with losses near 101.00. US yields advance to new highs on Tuesday. US housing data surprised to the upside in March. The US dollar index (DXY), which measures the dollar against a bunch of its major competitors, extends the rally to the area just beyond 101.00 on Tuesday. The US dollar index […]
