EUR/USD reached a daily high of 1.0933 but gave back its gains. High global yields, the French election, nervousness between Russia and Ukraine and the coronavirus outbreak in China dampened investor sentiment. EUR/USD Price Forecast: Macron lifted the pair to 1.0933, followed by a drop below 1.0900 as bears re-enter, aiming for a daily close […]
Tag: Majors
AUD/USD poised to drop towards 0.7400
The market mood is bearish, courtesy of high global yields, the Russia-Ukraine woes, and the Chinese coronavirus outbreak. The Australian dollar is falling due to its status as a risk sensitive currency amid an absent economic docket. AUD/USD Price Forecast: Remains Bullish, but Price Action and RSI Support Scenario for Further Bearish Extension Before Resuming […]
Bulls flirt with 200 DMA/rising trendline confluence breakpoint
-637852812898792083.png "Bulls flirt with 200 DMA/rising trendline confluence breakpoint")
A combination of supportive factors helped USD/CAD regain positive traction on Monday. The drop in crude oil prices undermined the Canadian dollar and extended support amid modest USD strength. The technical set-up favors bullish traders and supports the prospects for additional short-term gains. The pair USD/CAD It maintained its strong intraday gains during the early […]
Bulls retain control near multi-year high just above 125.50
USD/JPY caught aggressive bids on Monday and rose to a new multi-year high. Momentum confirmed a bullish breakout through an uptrend channel. Overbought oscillators require caution before positioning for any further bullish moves. The pair USD/JPY rose more than 175 pips from around 124.00 on Monday and jumped to the highest level since June 2015 […]
Shaky start to the week as markets focus on geopolitics and US yields.
This is what you need to know to trade today monday april 11: The American dollar The new week has started on the defensive and the DXY dollar index has opened with a big bearish hole. Nevertheless, Negative change in risk sentiment seen early on Monday helps dollar regain strength. In addition, US Treasury yields […]
Steady around 0.9335, bulls prepare to reclaim 0.9400
USD/CHF oscillated in the 0.9327-73 range as the pair failed to conquer 0.9400. An upbeat market mood was no excuse for the Swiss franc to gain against the dollar. USD/CHF Price Forecast: A series of successive high/lows on the 4-hour chart keeps the uptrend intact. The dollar gives back most of its weekly gains against […]
USD/JPY jumps above 124.00, posts 5th straight weekly gain
USD/JPY is headed for the highest daily close since August 2015. The US dollar remains strong against the Japanese yen, supported by rising US yields. The divergence between the Bank of Japan and the Fed is widening. The USD/JPY is rising for the sixth day in a row on Friday. During the American session, it […]
GBP/USD recovers and returns around 1.3025
The British Pound will end the week on a negative note, down 0.83%. The US dollar index broke above the 100 level for the first time since May 2020. GBP/USD Price Forecast: The failure at 1.3200 exacerbated the drop towards 1.3000, which once broken, would send the pair towards 1.2855. The British Pound collapsed at […]
US dollar index DXY makes new highs around the 100.00 level
The DXY index continues to rise and records new cyclical highs. US yields continue to trend higher on Friday. Wholesale inventory data for February is the only release on today’s calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, keeps the buying bias intact and rises […]
AUD/USD falls to almost two-week lows, bears await a break below 0.7450
AUD/USD moves lower for the third day in a row amid sustained buying interest around the USD. The Fed’s dovish outlook and high US bond yields continue to benefit the USD. A sustained break below 0.7450 will set the stage for further short-term losses. The US dollar has attracted fresh buying during the early European […]
