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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Powell to save pound sterling from Boris caution
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GBP / USD slightly broke highs as US yields rose and ahead of Prime Minister Johnson’s speech. A cautious reopening of the UK could weigh on the pound sterling, but the remarks by Fed Chairman Powell could push the dollar down, reports Yohay Elam, analyst at FXStreet. Key quotes According to the BBC’s Laura Kuenssberg,..
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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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Limited bullish potential despite recovery
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USD / JPY Current Price: 105.61 Yields on US Treasuries climbed pre-opening, posting new highs in one year. The scarcity of the US macroeconomic calendar distracts attention from news related to US stimulus measures. USD / JPY may fall further and should move below 105.30. USD / JPY rose around the London open as the..
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USD / CAD: ready for downward movement as loonie anticipates global recovery
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Learn more at https://www.fxstreet.com. Source link Forex News
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GBP / USD bounces above 1.40 amid UK reopening optimism
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GBP / USD attempts a rebound above 1.40, multi-year highs back in sight. The British Prime Minister’s Office said the first step to ease the lockdown is expected to start from March 8. Reflation trading is also boosting the risky asset, the pound. GBP / USD is back on the auction in the European session,..
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EUR / GBP heads to five-year uptrend at 0.8591 – Commerzbank
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EUR / GBP is heading towards the 2016-2021 uptrend at 0.8591. A break below would expose the May 2019 low at 0.8465, informs the FICC’s head of technical analysis research at Commerzbank. Key quotes EUR / GBP resumed its bearish movement last week and starts this week with attention to the 2016-2021 uptrend at 0.8591,..
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Economist from the German IFO: Economy geared towards recovery.
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Following the exit of the final German IFO business survey, institute economist Klaus Wohlrabe said the economy was looking for a recovery. Additional quotes “The climate has improved in construction, retail and services.” “Particularly pronounced improvement of the climate in industry.” Production plans have been significantly revised upwards. “Travel agencies and tour operators are slightly..
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German IFO Business Climate Index beats estimates with 92.4 in February, EUR / USD regains 1.21
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The German IFO Business Climate Index stood at 92.4 in February. IFO’s current economic valuation stood at 90.6 this month. The German IFO expectations index in February came in at 94.2. more soon …. About the German IFO The IFO Business Climate Index was rebased and recalibrated in April after the IFO Research Institute changed..
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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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