EUR/USD Current Price: 1.2127 German economic sentiment is expected to have contracted in December to -66. The American currency is still the weakest across the FX board despite a modest recovery. EUR/USD is bouncing from near 1.2100, in line with bulls’ dominance. Major pairs are […]
EUR/GBP weakness has accelerated sharply for a clear break of the 0.8966/46 uptrend from late April, as well as importantly the 200-day average at 0.8926 on a closing basis. Critical now is the 0.8866/64 key price pivot, below which the pair should, at last, confirm […]
EUR/GBP remains on the back foot, around 0.9030, down 0.46% intraday, and a clear break of 0.9026/05 should allow weakness to accelerate sharply, with next support at 0.8934, as the Credit Suisse analyst team notes. Key quotes “With the short-term downtrend from mid-September still intact, today […]
The dollar edged higher in early European trade Wednesday, holding on to recent gains following doubts about how quickly a Covid-19 vaccine will come to the market, prompting a more risk averse trading environment. At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks […]
The pound has risen against dollar while options markets suggest no flash points ahead Currency traders have slipped up on Brexit many times over the past four years, but they are relaxed about the prospect of dropping out of the EU’s trade arrangements without […]
EUR/USD’s failure to materially capitalize on a plethora of upbeat developments is exposing the pair weakness, according to FXStreet’s analyst Yohay Elam. Key quotes “The most significant positive development has come from the Sino-American front. US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu […]
The Dollar is bouncing against all of its major counterparts ahead of today’s US jobs report. The markets have pretty much headed in one direction since March. The dollar has declined notably while stocks and precious metals have both rallied. The moves have been significant, […]
GBP/USD Thursday’s 4-hour chart is showing an advantage for the bulls as momentum turns positive. The cable trades at 1.2530 ahead of the BoE’s Interest Rate Decision and FXStreet’s analyst Yohay Elam sets initial resistance at 1.2565. Key quotes “Momentum on the 4-hour chart has […]
GBP/USD tries to stay above 1.2250 after the release of UK economic data. UK Inflation Slips Into The Negative Territory GBP/USD tries to hold above the key resistance level at 1.2250 following the release of new portion of UK economic data. UK Inflation Rate was […]
EUR/GBP’s upside momentum lost impetus near 0.8960 on Tuesday. UK’s Claimant Count Change rose by more than 850K in April. German, EMU Economic Sentiment coming up next on the data. The broad-based better mood in the riskier assets is dragging EUR/GBP back to the 0.8930 […]