The dollar was down on Thursday morning in Asia as optimism about the global economic outlook whetted investors’ risk appetite. However, the continuous, rapid spread of the omicron COVID-19 variant remains a concern. The that tracks the greenback against a basket of other currencies inched down 0.03% to 96.028 by 11:09 PM ET (4:09 AM […]
The safe-haven dollar languished near an almost one-week low against its major peers on Thursday as investors adopted a more optimistic stance about the global economic outlook, despite the rapid spread of the Omicron coronavirus variant. The , which measures the currency against six rivals, stood at 96.111, not far from the overnight low of […]
Good news at last After a dismal start to the week, financial markets are back in a cheerful mood. All it took to turn the tide was some encouraging news around public health and promises of more stimulus spending. Risk appetite returned with a vengeance after reports that US regulators are about to authorize the […]
The pound was handed a lifeline recently as the Bank of England unexpectedly hike rates for the first time in three years, but the tailwind will be fleeting as U.K. may impose further restrictions to curb the Omicron spread. rose 0.7% to 1.3332. The BoE rate hike has “offered only some time-limited support to the […]
Type: Bullish bounce Key Levels: Resistance: 1.46455, pivot:1.45501, support: 1.44819 Preferred Case: is reacting in a descending channel, signifying an overall bearish trend. We can expect the price to drop from the pivot level in line with 61.8% Fibonacci projection towards 1st support in line with 61.8% Fibonacci projection. Our bearish bias is further supported by the stochastic […]
Currency cross rates as exchange rates comprise 2 currencies which are generally 2 opposing currencies, such as and combining . EUR is the risk side of EUR/USD, while USD/CAD represents the USD side as opposite. Both EUR/USD or USD/CAD as anchor currency pairs, serve as the main drivers of EUR/CAD prices. The premiere indicator for […]
It has been an exceptional year for the US dollar, which defied all the doom and gloom predictions to gain more than 10% against the Japanese yen. The resurgence of inflation has turned the tables with many central banks hitting the brakes, and this theme will likely persist into 2022. The dollar could continue to […]
Today so far is a small bull day. is in the middle of a 4-week tight trading range, so that means Breakout Mode. And since that trading range has been in a year long bear trend, a bear breakout is slightly more likely. Bears are looking for a bear breakout and resumption of year long bear […]
The climbed above the 0.68 level on Wednesday. In the North American session, NZD/USD is trading at 0.6816, up 0.65% on the day. The currency has jumped 1.09% this week. New Zealand dollar showing strong volatility Volatility is the name of the game, at least in the month of December. With market participants eyeing Christmas […]
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