-637855409966574112.png "Bears look to take control, waiting for a break below 0.7400")
AUD/USD fell for the second day in a row amid resurgence in USD demand. The technical setup favors bearish traders and supports the prospects for further losses. Sustained weakness below the 0.7400 mark is needed to confirm the negative outlook. The pair AUD/USD it extended its steady intraday decline earlier in the American session and […]
Tag: Majors
US dollar index rallies above 100.50
DXY bounces off weekly lows near 99.60. US yields reverse course and are now trading modest gains. US retail sales expanded in one month by 0.5% in March. The dollar quickly left the weekly low area around 99.60 and broke above the 100.50 level to post new highs when measured by the US dollar index […]
EUR/USD challenges daily lows near 1.0840 after ECB decision and Lagarde’s speech
EUR/USD decisively breaks below the 1.0900 level. The ECB left the policy rate unchanged on Thursday. Lagarde said that inflationary pressure has now intensified. The EUR/USD made a U-turn and is now dipping further into the negative territory around the 1.0850/40 area on Thursday. EUR/USD accelerates losses below 1.0900 Sellers have now regained the upper […]
US dollar index DXY extends lower and challenges multi-day lows near 99.60
The DXY index extends Wednesday’s losses below the 100.00 level. US yields extend corrective decline from recent highs. Data for retail sales, initial jobless claims and the University of Michigan consumer sentiment index stand out on today’s US economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of […]
Euro Rebounds as Focus Shifts to ECB Monetary Policy Announcement
This is what you need to know to trade today Thursday April 14: The US dollar weakened against its main rivals on Wednesday amid improving market sentiment and falling US Treasury yields. After snapping a nine-day winning streak, the US dollar index DXY dollar continues to move lower early on Thursday. The common currency holds […]
AUD/USD declines heading towards 0.7440
The Australian dollar remains on the defensive. Prices paid by producers in the US rose to a 12-year high, above the 11% threshold. After hitting a daily high near the 0.7500 mark, the Australian dollar is slipping but clinging to the March 7 high around 0.7441 amid a positive market mood, as US stocks show. […]
GBP/USD rises and approaches 1.3100 on UK and US inflation data.
US prices paid by consumers and producers continue to rise, further cementing the need for a 50bp hike by the Federal Reserve. UK inflation rate at its highest point in 30 years, reaches 7%. GBP/USD Price Forecast: Double Bottom Near Yearly Lows Looms as Pound Climbs Towards 1.3100. The British pound rises and recovers substantial […]
EUR/USD bounces sharply and hits daily highs above 1.0870
EUR/USD turns positive as the US dollar corrects lower. DXY falls for the first time in nine trading days. On Thursday, the ECB will announce decisions on monetary policy. The EUR/USD rallied strongly during the last hours and rose from 1.0820 to 1.0878, reaching a new daily high. The move higher took place amid a […]
NZD/USD recovers modestly after hitting monthly lows at 0.6750
The Kiwi is among the weakest G10 currencies despite the RBNZ rate hike. US dollar remains strong, supported by US inflation data. NZD/USD is headed for the lowest close in a month. The NZD/USD trimmed losses during the American session; however, it is still headed for the lowest daily close in a month. The pair […]
USD/CAD falls towards 1.2635 after the BOC decision
The Bank of Canada (BoC) raises rates to the 1% threshold and will begin quantitative tightening on April 25. USD/CAD tumbled as volatility increased, hitting a daily low at 1.2625 in its initial reaction. USD/CAD Price Forecast: The Pair Is Skewed To The Upside, But BoC Governor Tiff Macklem’s Press Conference Will Cause More Volatility […]
