The USDJPY pair extends gains for a seventh day in a row on Thursday, with the price is testing more that two-week lows in the 110.60 area. Interestingly, the dollar is not inspired by a rise in the 10-year US Treasury yield to a six-week high close to 3%, and it looks like the pair is set for further losses in the short term. The greenback has been trading...
The EURUSD pair continues to tread water around the 1.17 handle, unable to attract buying interest ahead of the key event of this week – the EU-US trade talks which could give a more directional impulse to the single currency. The pair failed to make a clear break above the mentioned resistance on several occasions, which points to a lack of bullish enthusiasm...
The greenback has digested the recent Trump’s verbal interventions and looks to move higher against the majors again, though lacks the impetus so far. The EUEUSD pair has been trading with a mild upside bias on Tuesday, but the recovery attempts look too shallow to allow for a consistent rally from here. The downside pressure on the buck has eased after...
The pound has recovered on Friday, fuelled by comments by Trump criticizing the dollar’s strength. The USD index retreated from one-year highs as a result and paved the way for a recovery in major currencies. GBPUSD rose from ten-month lows below 1.30 and reached the 1.3150 area, just ahead of the 20-DMA at 1.3180. As the UK parliament starts its summer...
The single currency set for a second week of losses, with EURUSD has been trading with a mild bullish bias on Friday, after a brief break below the 1.16 handle yesterday. The dollar demand has abated somehow after Trump’s verbal interventions, but the overall sentiment around the greenback remains fairly robust. The ECB July meeting will take place next...
The greenback extends gains across the board on Thursday, with the GBPUSD pair failed to hold above the key 1.30 level, sliding down to fresh 10-month lows in the 1.2980 area. Sterling has been declining for a third day in a row, extending losses for a fourth month already. The key reason behind the pair’s bearishness is the dollar demand which resurged...
The pound has been nursing significant losses for a second day in a row. The GBPUSD pair slipped from the 1.33 area to fresh one-year low of 1.30, a danger zone, which if broken, could bring another wave of a massive sell-off. The downside pressure on the sterling came from the resurged USD demand on the back of quite positive comments by the Fed Governor...
The GBPUSD pair continues its marginal ascent on the back of dollar retreat across the board. Safe haven demand has abated as trade-war worries have stepped back for now, which derails the greenback’s attractiveness. Besides, the buck is cautious ahead of the upcoming Fed’s Powell testament. The pound has also received an additional boost from the UK wages...
EURUSD declined last week after three weeks of gains. The pair looks neutral on Monday, changing hands around the 1.17 threshold, which serves as the key barrier for short-term buyers. USD index looks quite stable, but has started the week mainly on the back foot, which raises a chance for a more sustainable rebound in the single currency. The general...
The single currency remains under pressure these days, with the EURUSD is on track to finish the week in the negative territory after three weeks of gains. The price slipped to multiday lows of 1.1625 and now threatens the 1.16 threshold as the sentiment around the buck remains upbeat. The pair managed to bounce from lows yesterday, but failed to get back...
Crude oil price suffered a steep decline yesterday, extending losses to the $73 level, -7.5% on the day. On Thursday, Brent makes recovery attempts, with the initial resistance now comes at $75. Despite the sell-off has stopped, prices still look vulnerable as the recovery momentum is too weak so far. Libya has resumed production earlier than expected, while...
EURUSD ended flat on Tuesday, with the pair has been trading under a mild bearish pressure today as the greenback attempts to regain ground. The US dollar receives some support amid the risk-off environment that resumed after the Washington announced 10% tariffs on USD200B Chinese imports. The price faced a stiff resistance level of 1.18 earlier this week,...
Gold prices hit a two-week high yesterday, but trimmed intraday gains afterwards. The yellow metal touched levels marginally below the $1,266 figure and closed below $1,260. On Tuesday, gold has been trading just above $1,255, with a mild bearish bias. The precious metal gained last week due to dollar weakness which continues these days. The cautious investor...
The EURUSD pair surged to almost one-month highs around 1.1780 on Monday, extending gains after three weeks of recovery from 2018 lows marginally above the 1.15 figure reached in June. The main driver behind the price rise is the abating dollar impetus within the bullish trend. The latest pressure on the greenback came from dismal US wages data on Friday....
The euro has established a recovery path and gas been trading with mostly bullish bias for a third week in a row. This comes amid some signs of USD rally exhaustion, as the greenback doesn’t already receive a strong boost from trade-war worries and the hawkish Fed. The single currency rebound was fuelled these days by robust German data, with industrial...
Brent crude made another failed attempt the challenge the $78 immediate resistance which attracts profit-taking this week. Crude oil markets look rather stable in a wider picture, while short-term charts highlight the nervous behavior of traders lately. One of the reasons behind the mixed dynamics in prices and the lack of bullish impetus are Trump’s tweets...
The greenback is attempting to regain ground Wednesday, showing mixed dynamics against major rivals. The overall sentiment around the greenback remains rather muted this week as traders are cautious ahead of the key events – the FOMC meeting minutes and NFP employment report on Thursday and Friday respectively. The EURUSD pair failed to make a clear break...
Following yesterday’s correction, Brent crude has resumed the ascent and targets the recent highs once again as the price received a local psychological support in the $77 area on Monday. The immediate upside target comes at $78, and a break above will open the way to $80. The reason behind the rebound were the reports that Libya’s National Oil Corporation...