GBP/USD rallies sharply above 1.2070 on disappointing US Services PMI
The GBP/USD soared close to 1.50% on disappointing US ISM Services data. Hawkish Fed speaking failed to weigh on the GBP/USD. Next week’s economic calendar would feature UK GDP, and US CPI reports. The Pound Sterling (GBP) extended its gains against the US Dollar (USD), surging more than 160 pips on Friday, following a disappointing […]
Finished the week positive, though fell beneath 0.9270s
Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. If the USD/CHF reclaims 0.9300, that could pave the way to 0.9400. The USD/CHF plunged after hitting fresh weekly highs around 0.9408, plummeting beneath the […]
USD/JPY tumbles below 133.00 on broad US Dollar weakness, post-NFP data
December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around […]
ARE RISK CURRENCIES ABOUT TO TURN? – Forex Trading Analysis
Forex market was showing some signs of reversal previous week. And we started to book profits in eur usd a little bit earlier. However with the overall strength of Usd, and due to Gbp usd’s weakness Eur Usd was also dragged lower. Usd jpy was in continuous uptrend in the whole last week. Usd chf […]
NZD/USD jumps toward 0.6300 as US Dollar tumbles
Greenback drops sharply after NFP and ISM service sector. US yield falls to multi-day lows, commodities rebound. NZD/USD reverses from monthly lows, and trims weekly losses. The NZD/USD has risen a hundred pips from the daily low and it is trading at 0.6290, with a solid bullish tone supported by a broad-based USD decline. The greenback […]
EUR/USD breaks above 1.0600 on USD sell-off after weak ISM
US Dollar under pressure across the board amid risk appetite and falling yields. US: A weak ISM Service sector report follows larger than expected increase in NFP. EUR/USD having best day in a month, still down for the week. The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across […]
USD/JPY holds steady near multi-day high, remains below 133.00 ahead of US data
USD/JPY touches a four-day high on Thursday, though lacks any follow-through. The emergence of some buying around the USD acts as a tailwind for the major. Reports that BoJ will raise inflation forecasts benefit the JPY and caps the upside. The USD/JPY pair reverses an intraday dip to the 131.70-131.65 area and touches a four-day […]