The USD / CHF has moved with a slight positive bias during the first half of the European session. The rally has lacked a solid following amid a softer tone around the USD. A sustained move above 0.9160-65 is needed to confirm any further bullish movement. At the start of the European session, the pair […]
Tag: PolicyFiscal
USD / CAD daily lows around the 1.3200 level
USD / CAD is witnessing some selling on Friday amid a softer tone around the USD. Nervousness over the coronavirus should continue to offer support to the safe-haven USD. Weaker crude oil prices could weigh on the CAD and help limit deeper losses. He USD / CAD moves lower during the European session on Friday, […]
USD / JPY negative around 105.30-25 region
USD / JPY witnesses some new selling on Friday and returns a portion of the previous day’s gains. A modest USD pullback and weaker US bond yields put downward pressure on the pair. The decline remains limited, which warrants some caution before opening new bearish positions. The pair USD/JPY remains on the defensive at the […]
USD / CAD rises to new one-week highs, slowly approaching 1.3250
USD / CAD gains strong positive traction and recovers to week-long highs on Thursday. Bearish market sentiment benefits the USD as a safe haven and supports the pair’s upward move. A sharp drop in crude oil prices weighs on the CAD and provides additional momentum. The pair USD / CAD continues to move higher at […]
USA: Politics gets in the way of more fiscal stimulus – Secretary Mnuchin
In an interview with CNBC on Thursday, US Treasury Secretary Steven Mnuchin said that “It will be difficult to reach an agreement” for more fiscal stimuli to alleviate the impact of the coronavirus, as reported by Reuters. “Politics stands in the way of the coronavirus aid bill,” Mnuchin said. He indicated that the president is […]
USD / JPY Stable Above 105.00, Lacks Tracking
USD / JPY gained some positive traction on Thursday amid resurgent USD demand. Risk aversion and falling US bond yields kept the pair’s strong gains in check. The pair USD/JPY it maintained its modest gains during the first half of the North American session, although it lacked a solid following and fell around 15 pips […]
USD / CHF rises near 0.9150, just below weekly highs
USD / CHF regains traction Thursday amid a strong rebound in USD demand. Risk-off sentiment benefits the safe-haven CHF and limits the pair’s gains. The pair USD/CHF has moved higher during the European session on Thursday and has risen near the 0.9150 region, just below the weekly highs reached the previous day. At the time […]
Gold remains stable near the $ 1,900 level
A modest pickup in USD demand puts some pressure on gold prices. A new downward movement in stock markets helps limit deeper losses. He oro moves slightly lower during the European session on Thursday, staying within the range of the previous day near the $ 1,900 level. The precious metal came under further selling pressure […]
USD / JPY falls to 105.00, near two-week lows
USD / JPY fell to two-week lows amid the emergence of new USD selling. Moderation in safe haven demand undermined the JPY and helped limit deeper losses. A sustained break below 105.00 will pave the way for additional weakness. The USD sell bias accelerated during the early North American session and pushed the pair USD/JPY […]
GBP / USD updates session highs, looking to build momentum above 1.3000
GBP / USD witnessed a dramatic intraday reversal from the one-week lows. The British pound gained traction after the UK signaled that it will not abandon Brexit talks. A softer tone surrounding the USD continued to support the momentum. The pair GBP/USD spiked to fresh daily highs during the mid-Europe session, and the bulls are […]