The EUR/USD continued its downtrend in the Asian session on Thursday morning. The pair traded near the multi-month low, around 1.1795, for a while. However, currently, it stands at 1.1790, higher by 0.01% for the day. The U.S. Dollar Index remained steady at a 13-week high against six major rivals on Thursday, despite the Federal …
EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday Read More »
The Euro soared on Tuesday, leaving Monday’s pessimism behind. Traders are now focusing on the 1.1900 area. The EUR/USD pair navigates in the area of 4-day highs, remaining just shy of 1.1900. The selling bias around the greenback lessened on Tuesday. At the same time, risk sentiment improved. Friday’s Nonfarm Payrolls (850K) reports were positive, …
EUR/USD, GBP/USD, and AUD/USD Forecasts for Tuesday Read More »
The EUR/USD pair traded lower this week as predicted. It hit the next target of 1.1820/10 on Monday. Furthermore, the pair bottomed at that range before NFP boosted it, enabling recovery to the first resistance level at 1.1870/80. Meanwhile, the USD/CAD pair soared higher as predicted last week, especially after the bullish cup and handle …
USD, EUR, GBP, AUD, and NZD’s trading forecast for Monday Read More »
USD/JPY pair hit a new 15-month high at 111.62 on Thursday, reaching its highest level since March 2020, thanks to a consistent bullish trend since early May 2021. The pair also posted a lot of gains in the last week of June. Current forex market sentiment is somewhat pessimistic and a bit risk-off due to …
USD, JPY, EUR, and GBP’s moves Friday – Forex market wrap Read More »
EUR/USD tumbled down to a post-FOMC low as the greenback strengthened further on Thursday. The pair traded at 1.1840, reaching its lowest level since April 6. Meanwhile, the U.S. dollar continued rallying. The currency maintained its uptrend despite yesterday’s month and quarter end-trading. However, several key events will take place in the following days, and …
Analytical Overview of the EUR/USD, USD/BRL, GBP/USD, USD/JPY Pairs Read More »
Traders continued buying safe-haven dollars on Wednesday. As a result, the EUR/USD pair struggled. After soaring from the multi-month low near 1.1891 in the previous week, the common currency declined again while the dollar rallied. However, the pair managed to gain 0.05% today. It traded at 1.1902 at last. Meanwhile, the U.S. Dollar Index remained …
USD, EUR, GBP, AUD, and NZD’s moves Wednesday – Market Warp Read More »
Major pairs moved in tight intraday ranges during the last session. The U.S. dollar managed to post a modest intraday advance, boosted by a pessimistic market’s mood. On Monday, European indexes closed in the red, and U.S. stocks were mixed. The Nasdaq Composite kept soaring, though, ending the day at record highs with substantial gains. …
U.S. dollar rallied against the major currencies on Tuesday Read More »
The Euro declined by 0.1% to $1.1923 on Monday, as it struggled to rebound to the $1.20 level. The EUR/USD pair mostly rallied during the last week. However, it seems, the common currency has run out of momentum late in the week. During a meeting on June 16th, the Federal Reserve’s officials made hawkish forecasts, …
USD, EUR, GBP, JPY, AUD, CAD, and KWD – Technical Analysis Read More »
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