U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday. The U.S. dollar rose to 2-day highs of 1.0974 against the euro and 0.9979 against the Swiss franc, from yesterday's closing quotes of 1.1009 and 0...
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively...
EUR/USD Heavy, Breaches 50-DMA Support Near 1.0980 The offered tone around the EUR picked-up pace post-China open, now sending EUR/USD further below 50-Dma support located at 1.0982. EUR/USD fails once again above 1.1000 Currently, EUR/USD drops -0.33% to fresh session lows of 1...
NZD/USD Under Pressure Below 0.6750 Amid Risk-Aversion The NZD/USD pair stalled its overnight slide in Asia, although remains vulnerable as the extended sell-off in the Asian equities combined with subdued oil prices weigh negatively on the Kiwi. NZD/USD capped by 0...
USD/CAD Breaks Above 1.3400 as Oil Plummets USD/CAD rallied to 4-day highs as oil prices plummeted during the American session in a risk-off environment, with US stocks down and Treasuries up. USD/CAD climbed more than 100 pips over the last hours and broke above the 1...
EUR/USD Finds Resistance Below 1.1060 and Retreats EUR/USD gained momentum after Wall Street opening bell and climbed to 1.1058, hitting a fresh 1-week high. The pair lost strength below 1.1060 and pulled back as main stock indexes in the US moved off session lows. It was trading at 1...
EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...
EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...
GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...
EUR/USD: 200-DMA is a Tough Nut to Crack The EUR/USD pair was offered again at the 200-DMA level of 1.1045 despite china-led risk off in the major European equities. Eyes Eurozone GDP The immediate focus is on the Eurozone Q4 GDP, which is expected to remain unchanged at 0.3% q/q and 1.5% y/y...
GBP/USD Rallies Could Struggle Near 1.4316 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes bullish attempts could run out of legs in the low-1.4300s. Key Quotes “GBP/USD spent the week correcting higher. It is now approaching the 1.4316 downtrend”...
USD/JPY Comfortable with the Sideline Pattern In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks. Key Quotes “There is not much to add as we continue to hold a neutral view for USD”...
USD/CAD Struggles to Surpass 1.3340 The Canadian dollar is giving away part of the recent advance vs. its American peer on Tuesday, taking USD/CAD back above the 1.3300 handle. USD/CAD focus on oil The continuation of the rally in crude oil prices – with the barrel of WTI above $37...
Franc Rises Ahead Of Swiss Unemployment Data The State Secretariat for Economic Affairs releases Swiss unemployment data for February in the pre-European session on Tuesday at 1:45 am ET. The jobless rate is forecast to remain unchanged at 3.8 percent in February...
FXWIREPRO: EUR/JPY Holds Above Channel Base Support at 124.25, Weakness Only on Breaks Below EUR/JPY upside capped at 125 levels which is strong resistance for the pair. Downside for now is holding above channel base support at 124.25, breaks below could accentuate weakness, tests of 122...
EUR/GBP Challenges Highs Near 0.7740 EUR/GBP is picking up further pace following the closing bell in Asia on Tuesday, eyeing the upper bound of the range near 0.7740. EUR/GBP focus on EMU releases, risk The European cross keeps navigating within a narrow range in the low-0...
GBP/USD Recedes in Early Europe After 6-Day Winning Streak The bullish momentum in the GBP/USD pair stalled in the late NY session, making way for a corrective move. The spot is down in early Europe near 1.4240 levels...
Canadian Dollar Drops Against Most Majors The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to 4-day lows of 1.4708 against the euro and 84.57 against the yen, from yesterday's closing quotes of 1.4627 and 85.39, respectively...
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to 4-day lows of 1.6304 against the euro and 76.30 against the yen, from yesterday's closing quotes of 1.6162 and 77.13, respectively...
