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The EUR/USD managed to cut losses during the New York session. Short-term technical picture turns slightly negative with 1.2100 as main support. The EUR/USD ...
AUD/USD edges lower on Wednesday but maintains bullish short-term bias. A break above 0.7780 needed to regain upward momentum. The AUD/USD retreated ...
AUD/USD reaches weekly highs and holds positive bias. A breakout of 34-month high at 0.7820 would target the 0.7850-60 area. The AUD/USD rose to a fresh ...
Share: The American dollar pared gains during the US session, retained most of its intraday gains. EU January Sentix Investor Confidence improved from -2.7 in December to 1.3. EUR/USD is at risk of extending its latest decline towards the 1.2000 figure. The EUR/USD pair fell on Monday to 1.2144, its lowest in three weeks, amid persistent dollar’s demand. The market extended Friday’s trading, as there were no fresh catalysts to drive investors. The focus remains on speculation about further fiscal stimulus lifting government debt yields and the greenback advancing alongside. Wall Street t...
Share: Australian encouraging data fell short of supporting the aussie. Demand for the American dollar receded mid-US session. AUD/USD recovered above the 0.7700 level but has room to extend its decline. The Australian dollar started the week on the wrong footing, easing against its American rival to 0.7665. Demand for the greenback and a sour market mood undermined AUD/USD, which anyway managed to regain the 0.7700 threshold ahead of the US close. Australian data released at the beginning of the day was generally encouraging, as November Retail Sales were upwardly revised to 7.1%. Also, Dece...