Share: Euro meets daily support in the 1.0870/65 band vs. the US Dollar. Stocks in Europe reverse earlier losses on Friday. EUR/USD falters once again around the 1.0900 region. US jobs report takes centre stage later in the session. ECB’s Christine Lagarde speaks later in the day. The Euro (EUR) struggled once again to breach the […]
Share: People’s Bank of China (PBoC) set the USD/CNY central rate at 7.2054 on Friday, versus previous fix of 7.2098 and market expectations of 7.2423. It’s worth noting that the USD/CNY closed near 7.2489 the previous day. With this, the Chinese central bank’s onshore Yuan (CNY) rate defends the week-start pullback from the yearly top. […]
Share: The AUD/USD retreated near the 0.6615 area posting more than 0.50% losses. The US added nearly 500K jobs in June, and the ISM Services PMI rose to 53.9. Rising US yields give the US traction. At the time of writing the AUD/USD stands at the 0.6615 area, posting a 0.59% loss on […]
Share: EUR/USD holds steady above the 1.0900 mark, though struggles to attract any buyers. Bets for more Fed rate hikes revive the USD demand and act as a headwind for the pair. Worries about a global economic downturn contribute to capping gains for the major. The EUR/USD pair struggles to gain any meaningful […]
Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must regain the 0.8600 level and surpass the May 24 daily low resistance of 0.8648 to shift […]
