The USD / CAD fell to a new multi-year low on Monday. WTI moves higher towards the $ 60 zone after a multi-day losing streak. The US dollar index is struggling to gain ground ahead of mid-level data. The USD / CAD pair fell to its lowest level since April 2018 at 1.2579, but registered..
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USD / CAD offsets early losses, posts modest gains around 1.2620
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NZD / USD retreats after hitting multi-year highs, holds near 0.7300
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The NZD / USD hit its highest level since April 2018. The US dollar index remains relatively calm below 90.50. Mid-level data releases from the United States and New Zealand will follow. The NZD / USD pair gained nearly 100 pips last week and continued its rally on Monday into the early hours of trading..
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USD / CNH now target 6.4920 – UOB
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UOB Group’s FX strategists see USD / CNH shift focus to the near term 6.4920 level. Key quotes 24 hour view: “Our expectation for the USD to ‘move to 6.4800 first before easing’ did not materialize, trading between 6.4426 and 6.4680 before the close , little change. The current move is considered part of a..
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Forex Technical Analysis and Forecasting: Majors, Stocks and Commodities – FXStreet
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Forex technical analysis and forecast: Major, stocks and commodities FXStreet . Source link Forex News
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More on the rise loses traction – UOB
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Prospects for additional earnings USD / JPY seem to be losing some momentum, noted FX strategists at UOB Group. Key quotes 24 hour view: “Our expectation for the USD to ‘trade sideways’ last Friday was incorrect as it fell to 105.22 before closing on a soft note at 105.43 (-0.22%). While the downward momentum is..
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AUD / USD faces next resistance at 0.7960 – UOB
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AUD / USD is expected to advance further and break through the key 0.7900 hurdle in the coming weeks, FX strategists at UOB Group have suggested. Key quotes View 24/7: “Our expectation for the AUD to ‘trade in a range’ last Friday was wrong as it climbed to 0.7877 before expanding its gains after today’s..
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GBP / USD Now Turns To 1.4100 – UOB
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In the opinion of the FX strategists of the UOB group, Cable could now rise to the 1.4100 level in the coming weeks. Key quotes 24 hour view: “We pointed out last Friday that the GBP ‘could move above 1.4000 before we can expect a pullback’. We added, “The next resistance at 1.4050 is unlikely..
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Exchange options expiration for the February 22 reduction in New York
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Learn more at https://www.fxstreet.com. Source link Forex News
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Bulls in control at summit 35 months ahead of UK Prime Minister Johnson’s speech
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The GBP / USD resumes its offers while reversing the latest pullback near March 2018 levels. UK PM Johnson to provide directions for unlocking, schools will reopen from March 08. South Africa and Brazil’s Covid variants cut back as Johnson prepares for July vaccination deadline. Discussions over EU-UK fight, Irish border join vaccine and US..
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Pound takes first mover advantage – Goldman Sachs
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According to Goldman Sachs analysts, the pound sterling has been one of the best performing currencies in the foreign exchange markets, with the main factors supporting the appreciation of the GBP being shown below. Key quotes “Sterling has outperformed late, and while vaccinations are likely helping to stimulate the optimistic narrative – about 25% of..
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