AUD/USD extends previous day’s sharp losses and falls to a new weekly low. The Fed’s dovish outlook and softer risk tone benefit the USD and put pressure on the pair. A pullback in US bond yields caps USD’s rally and helps defend deeper losses. The pair AUD/USD remains on the defensive during the first half […]
Tag: Majors
GBP/USD maintains modest recovery gains, lacks continuation above 1.3100
GBP/USD gains some positive traction on Thursday, though has a hard time capitalizing on the move. The Fed’s dovish outlook and softer risk sentiment benefit the safe-haven USD and cap the pair’s gains. The pair GBP/USD has retraced from the daily high at 1.3106 touched at the start of the European session and falls around […]
Dollar pulls back after Fed-inspired rally, spotlight on central bank speeches
This is what you need to know to trade today Thursday April 7: The dollar rally continued late on Wednesday and the US dollar index DXYwhich measures the performance of the dollar against a basket of six major currencies, reached its highest level in almost two years at 99.77. Ahead of the initial jobless claims […]
US Dollar DXY Index Pulls Back from Highs and Returns to 99.50 Region
The DXY index corrects lower after hitting highs around 99.75. US yields are also leaving the area of ​​recent highs. Initial jobless claims data and several Fed speeches stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, gives back part of […]
A test of 1,300 emerges on the horizon – UOB
The pair GBP/USD could pull back further and retest the 1.3000 region in the coming weeks, UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest. Featured Comments 24 hour view: “Yesterday, we highlighted that GBP/USD ‘could drop below 1.3050’. And added that ‘major support at 1.3000 is likely to be out of […]
Rises but remains below 124.00 after FOMC Minutes
USD/JPY remained positive for the week, rising 1.11%, amid risk-off sentiment and supported by the US 10-year yield. USD/JPY Price Forecast: The bias is to the upside, but the RSI inside the overbought area might suggest caution is warranted. The USD/JPY advances in the American session amid an environment of risk aversion in the market, […]
EUR/USD hits 1.0900 level ahead of FOMC Minutes
The shared currency remains subdued in the American session, but remains at the 1.0900 level amid a risk-off mood. The contraction in China’s Caixin manufacturing and services PMIs is shaping up to be a sign of a global economic slowdown. EUR/USD Price Forecast: A break below 1.0900 would exacerbate a move lower towards 1.0806. The […]
Buying dips should help limit losses, 0.7500 is key for bulls
-637848503358980414.png "Buying dips should help limit losses, 0.7500 is key for bulls")
AUD/USD saw some selling on Wednesday and moved further away from the yearly high. The overnight pullback could be seen as a false breakout through an uptrend channel. Dips towards the 0.7535-0.7530 area could be seen as a buying opportunity and remain limited. The pair AUD/USD dipped on Wednesday and pulled back further from the […]
Upward Channel Favors Bullish Traders, FOMC Minutes Expected
-637848484143783675.png "Upward Channel Favors Bullish Traders, FOMC Minutes Expected")
USD/JPY continued its positive move for the fourth day in a row and rose to a one-week high. The formation of a short-term uptrend channel supports the prospects for further gains. The slightly overbought RSI (14) prevented the bulls from making further bets ahead of the FOMC Minutes. The USD/JPY gained positive traction for the […]
Intraday rally teeters near descending trendline resistance
-637848457483903907.png "Intraday rally teeters near descending trendline resistance")
USD/CAD struggled to preserve its intraday gains and was affected by a combination of factors. The rebound in oil prices underpinned the Canadian dollar and acted as a headwind amid modest USD weakness. The bulls should wait for a convincing advance on a descending trend line that extends from the end of March. The pair […]
