Forex News

EUR/USD recedes from tops near 1.1360

The pair’s recovery falters around the 1.1360 region. The greenback remains on the defensive near 96.40. ZEW survey due tomorrow ahead of EU Summit on Thursday. The leg lower in the greenback is allowing EUR/USD to extend the recovery from post-ECB lows near 1.1180 to today’s tops around 1.1360. EUR/USD looks to data, risk trends, …

EUR/JPY Technical Analysis: Mildly bid, but range breakdown likely

EUR/JPY is currently trading at 126.28, representing marginal gains on the day, having created a doji candle on Friday, signaling indecision in the market place.  Notably, doji has appeared after a four-day winning streak. So, that candle largely represents bullish indecision. The cross, therefore, could see a downside break of the sideways channel established on …

EUR/USD Forecast: eyes on the Fed and, once again, Brexit

EUR gained as a result of Pound upsurge, still lacking self-strength. EUR/USD dominated by bulls ahead of the Federal Reserve meeting  It was a tough week for the greenback, which remained out of the market’s favor after the mixed employment report released in the previous week, and weaker-than-expected US data released throughout the week. American …

EUR/USD Technical Analysis: Euro trading above 1.1300 figure in the New York session

EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). EUR/USD 4-hour chart EUR/USD is trading between the 100 and the 200 SMAs suggesting a consolidation above 1.1300 in the medium-term. EUR/USD 30-minute chart EUR/USD is trading above its main SMAs suggesting bullish momentum in the short-term. A …

USD/JPY traded at 111.90, a fresh high ahead of BoJ

USD/JPY is trading at fresh highs in Tokyo, weighed by poor sentiment for the Japanese economy ahead of the BoJ statement today.  USD/JPY is currently trading at 111.88, up from 111.63 and has made a fresh high of 111.89.  USD/JPY rose from 111.30 to 111.80 overnight but has just inched a touch higher as investors …

GBP/USD Technical Analysis: Cable trading near daily lows above 1.3200 figure

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages. GBP/USD 4-hour chart GBP/USD is trading above its main SMAs suggesting a bullish bias in the medium-term. GBP/USD 30-minute chart GBP/USD is trading above the 100 and 200 SMAs suggesting bullish momentum in the short-term.  A break above 1.3300 …

GBP/JPY pulls back from four-month highs, focus remains on Brexit

GBP/JPY is currently down 100 pips from the high of 148.73 reached yesterday – a level last seen in mid-November.  Sterling rose on Wednesday after UK lawmakers rejected leaving the European Union without a withdrawal agreement. GBP/JPY is currently trading at 147.75, having hit a four-month high of 148.73 yesterday.  Sterling picked up a strong …

GBP/USD daily chart: Cable heading towards 1.3200 key resistance

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages. GBP/USD 4-hour chart GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term. GBP/USD 30-minute chart GBP/USD is trading above its main SMAs suggesting bullish momentum in the short-term.  A break above 1.3200 key resistance can lead …

GBP/JPY: Brexit moves recall risk aversion, 144.00 in focus

GBP/JPY trades near 145.50 during initial Asian trading session on Wednesday. Brexit pessimism weighs on the quote with further developments concerning no-deal and exit date awaited. 148.30 seems important resistance while 144.00 may act as crucial downside support. The British Pound (GBP) remains little changed to 145.50 against the Japanese Yen (JPY) on early Wednesday. …

1 2 3 4 13 14