EUR/USD trades in an inconclusive fashion below 1.0700
EUR/USD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week. If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October […]
EUR/JPY advances to new 2023 highs near 162.00
EUR/JPY resumes the upside and prints new yearly highs in the vicinity of the 162.00 yardstick on Friday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.85 (November 10) is expected to face the next significant resistance level not before […]
The EUR/JPY is squeezing into 161.80
The EUR/JPY pinged another 15-year high as a recovering Euro (EUR) takes another step over the Japanese Yen (JPY). European Central Bank (ECB) President Christine Lagarde will be delivering a speech today and a speech tomorrow; today’s speech will be at the House of the Euro, a collaborative working space for different European central banks. […]
The Euro keeps the offered stance unchanged vs. the US Dollar
The Euro (EUR) remains on the defensive against the US Dollar (USD), forcing EUR/USD to retreat further and print new weekly lows in the 1.0660 zone, where some initial contention emerged so far on Wednesday. On the other hand, the Greenback gains further strength, encouraging the USD Index (DXY) to trade at shouting distance from […]
Pound Sterling faces selling pressure
The Pound Sterling (GBP) faces a sell-off on Tuesday, paring some gains from the recent rally, as risks of a slowdown in the United Kingdom economy are unabated due to higher interest rates by the Bank of England (BoE). The GBP/USD pair recovered sharply on Friday and Monday but struggled to maintain strength and trades […]
EUR/JPY advances to new 2023 tops near 161.00
EUR/JPY prints new yearly highs in levels just shy of 161.00 the figure at the beginning of the week. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 160.98 (November 6) should face the next significant resistance level not before the […]
USD/CAD falls vertically below 1.3700
The USD/CAD pair fell sharply below the round-level support of 1.3700 after the release of the United States/Canada labor market data. The Loonie asset witnesses an intense sell-off as the US Dollar Index (DXY) drops swiftly on the soft US Nonfarm Payrolls (NFP) report for October. The US Bureau of Labor Statistics (BLS) reported that […]
USD/CAD falls sharply to near 1.3800
The USD/CAD pair falls vertically after a short-lived pullback to near 1.3850 in the European session. The Loonie asset faces an intense sell-off as the US Dollar extends downside on expectations that the Federal Reserve (Fed) is done with hiking interest rates for now. S&P500 futures generated significant gains in the London session, portraying a […]
Gold price manages to recover some losses
Gold price (XAU/USD) extended its two-day losing spell but recovered some losses ahead of the interest rate decision by the Federal Reserve (Fed), private payrolls, and the Institute of Supply Management (ISM) Manufacturing PMI data for October. The precious metal falls sharply even though markets widely expect that the Fed will keep interest rates unchanged […]
EUR/JPY registers a fresh 15-year at 161.00
The EUR/JPY pair capitalizes on the expansionary monetary policy stance of the Bank of Japan (BoJ) and the Eurozone data. The cross extended gains to near 161.00 after the Eurostat reported that the preliminary Harmonized Index of Consumer Prices (HICP) for October softened more than expected. Monthly headline inflation grew nominally by 0.1% against 0.3% […]
