The EUR/JPY pair ends the week in the negative, down 0.48%, as the yen shows signs of strength. The deteriorating market mood increases the appetite for haven assets. EUR/JPY Price Analysis: Short-term has a bearish bias, with eyes on a drop below 137.00. The EUR/JPY slumps from weekly highs hit Thursday at 142.32, down over […]
Tag: Sentiment
USD/CHF Price Analysis: The pair stumbles towards a fresh two-week low below 0.9650
USD/CHF will end the week with solid losses of 1.30%. Market sentiment remains negative, a headwind for USD/CHF. USD/CHF Price Analysis: A break below 0.9600 would open the door towards 0.9510. The USD/CHF falls on worse-than-expected US PMI data, further extending its weekly losses as sentiment deteriorates due to the aforementioned and earnings reports from […]
NZD/USD trims weekly gains but remains around 0.6220
NZD/USD loses almost 0.12% on Thursday; up 1% on the week. Risk appetite momentum fails to push NZD/USD higher as traders’ focus shifts to the Fed in the week ahead. The US labor market has started to slow down, as has the housing market, as data released for the week disappointed expectations. On Thursday, the […]
Forex Today – Asian Session: Europe in the Eye of the Hurricane
What to watch for on Friday, July 22: On Thursday, the market’s attention turned to the EU, amid a series of events that took place in the Union. The most relevant was the monetary policy decision of the European Central Bank. The ECB raised rates by 50 basis points, the first hike in more than […]
USD/CHF Price Analysis: Dollar falls below 0.9700 as mood improves
USD/CHF still has a bullish bias, but in the short term it could head towards 0.9600. A change in market sentiment, lower dollar demand, and a USD/CHF headwind. USD/CHF Price Analysis: Bearish-neutral, and if sellers retake 0.9670, the major will drop towards 0.9600. The USD/CHF retreats for the second day in a row below 0.9700, […]
AUD/USD maintains gains but faces solid resistance around 0.6900
AUD/USD is set to end the week with gains, rising 1.54%. The unstable sentiment keeps AUD/USD oscillating in a 50-70 pip range. AUD/USD will remain below 0.7000 according to the National Australia Bank. The rally of AUD/USD It is showing signs of losing steam, but remains on the upside after posting its first day of […]
USD/CHF Price Analysis: Buyers reclaim 0.9700 area on fragile sentiment
USD/CHF trims part of its weekly losses, from 1.37% to 0.70%. US stocks fluctuate, reflecting mixed investor sentiment, courtesy of Google’s hiring halt. USD/CHF Price Analysis: A break above 0.9800 would open the door towards 0.9900. The USD/CHF bounces off weekly lows around 0.9650, paring some of its weekly losses, and rises towards the 50-day […]
EUR/JPY Price Analysis: Struggle around 142.00, stalls below 140.50
The failure of EUR/JPY buyers at weekly highs left the Euro vulnerable to selling pressure. Sentiment shifted to slight risk following the Google news, and Italy’s government is about to collapse. EUR/JPY Price Analysis: Sellers have regained control around 142.00; if the ECB fails to deliver, a further drop below 140.00 is expected. The EUR/JPY […]
USD/JPY Price Analysis: Buyers lose steam as price nears the bottom of a rising wedge
USD/JPY teeters in a 70 pip range but remains in losing territory, down 0.27%. Risk appetite took a toll on demand for the greenback, which lost 0.80%, as the US dollar index shows. USD/JPY Price Analysis: The rising wedge on the daily chart could open the door towards the July lows around 134.70. The USD/JPY […]
USD/CAD at new daily lows below 1.2900
USD/CAD was down nearly 0.80% on Monday due to a risk-on environment, US dollar weakness and elevated oil prices. Last week’s data on US inflation, mainly core CPI, eased fears of a 100 basis point Fed rate hike, as most policymakers opposed it. Inflation and Canadian retail sales would shed some light on the BoC’s […]
