EUR/USD: Next stop on the downside aligns at 1.1280/70 .

EUR/USD fell sharply on Tuesday and lost more than 0.70%. Economists at OCBC expect the world’s most popular currency pair to test the 1.1280/70 support, then 1.1230/20. “EUR/USD finally started to react to yield differentials on Tue after the bounce higher in UST yields. “The sharp decline puts the 1.1270/80 and 1.1220/30 supports back intoContinue reading “EUR/USD: Next stop on the downside aligns at 1.1280/70 .”

GBP/USD Tests Support At 1.3635.

GBP/USD managed to settle below the support at 1.3665 and is testing the next support level at 1.3635.U.S. Dollar Gains Ground Against British Pound.GBP/USD is currently trying to settle below the support level at 1.3635 while U.S. dollar is gaining ground against a broad basket of currencies.The U.S. Dollar Index is testing the resistance levelContinue reading “GBP/USD Tests Support At 1.3635.”

GBP/USD to test the 1.38 level on robust UK data 

GBP/USD is little changed ahead of UK jobs and CPI data this week. Strong data should help the cable to challenge the 1.38 level, according to economists at Scotiabank.Sterling to find support from data.“Tomorrow’s December payrolls figures and Wednesday’s December CPI print (economists expect a 5.2% YoY increase) should firm up expectations for a 25bpsContinue reading “GBP/USD to test the 1.38 level on robust UK data “

EUR/USD Tries To Rebound At The Start Of The Week

EUR/USD failed to settle below 1.1400 and moved back above 1.1420.Euro Gains Ground Against U.S. DollarEUR/USD is currently trading near the support level at 1.1420 while U.S. dollar is losing some ground against a broad basket of currencies. The U.S. Dollar Index has recently made an attempt to settle above the resistance at 95.20 butContinue reading “EUR/USD Tries To Rebound At The Start Of The Week”