Forex News

EUR/USD finds some support ahead of mid-1.1200s amid a modest USD pullback

   •  The shared currency remains depressed amid slowdown fears in the region’s core economies.    •  A modest USD profit-taking lends some support and eases the prevalent bearish pressure.  The EUR/USD pair reversed an early European session dip to fresh 2019 lows and quickly recovered around 25-30 pips, albeit lacked any strong follow-through. The …

USD/JPY prints fresh highs in Tokyo through 110.50 but lacks follow through

USD/JPY has posted a fresh high in Tokyo at 110.51. USD/JPY is currently trading at 110.47, tucked in just below a fresh high and up from the Asian low of 110.33. The US dollar has made a series of daily gains as markets move sideways with a lack of impetus as we await US CPI …

EUR/USD Technical Analysis: Bears challenging 3-month old support

   •  The pair extended its recent bearish trajectory and remained under some selling pressure for the sixth straight session, also marking the seventh day of losses in the previous eight.    •  The momentum dragged the pair below the 1.1300 handle for the first time in just over two weeks, though bears took a …

USD/CAD: Buyers aim for 1.3330 amid weakness in commodities

The USD/CAD pair trades around 1.3275 at the start of Asian trading on Monday. China returned to trading after a weeklong holiday to confront challenges at home. 1.3330 seem immediate resistance for the pair with 1.3230 acting as nearly support. The USD/CAD pair trades little positive around 1.3275 during the early Asian session on Monday. …

EUR/USD Forecast: scared enough already?

Fears about EU economic growth weighed more than the Fed’s U-turn. EUR/USD seen extending its decline next week but uncertainty to keep it within familiar levels.  The common currency lost this week all the ground gained in the previous two against its American rival, heading into the weekly close near the 1.1300 figure, also near the …

EUR/USD recovery stalled ahead of 1.1350

Spot has managed to bounce off session lows near 1.1320. Further correction lower drags DXY to the 96.55/50 band. Talks of US tariffs on EU autos appear to be back. Some selling pressure in the greenback is now helping EUR/USD to abandon the area of daily lows near 1.1320 and refocus instead on the 1.1350 …

AUD/JPY Technical Analysis: At two-week lows, eyes break below Jan. 25 low of 77.51

The AUD/JPY pair has dropped to 77.55 – the lowest level since Jan. 25 – in response to Reserve Bank of Australia’s (RBA) downward revision of growth and inflation forecasts.  The pair is now trading within a striking distance from the key support at 77.51 (Jan. 25 low). and could soon find acceptance below that …

GBP/USD plummets to mid-1.2800s, 2-1/2 week lows post-BoE

   •  The BoE MPC had a unanimous vote to maintain status-quo.    •  Economic growth forecasts for 2019/20 revised downward.    •  The BoE sees CPI falling below 2% target in the coming months. The bearish pressure surrounding the British Pound remained unabated, with the GBP/USD pair falling to 2-1/2 week lows, around mid-1.2800s …

NZD/USD Technical Analysis: Looks south after biggest single-day drop since Aug. 9

The NZD/USD pair fell 1.74 percent yesterday – the biggest single-day drop since Aug. 9 – and could soon drop to 0.67 as a weaker-than-expected New Zealand labor market data has raised the odds of an RBNZ rate cut.  Hourly chart As seen above, the pair has found acceptance below the trendline trending north from …

1 2 3 4 7 8