• Latest
  • Trending
  • All
Dollar lacks upside momentum due to lower Treasury yields

Dollar back on the defensive as risk trends bounce

February 21, 2022 09:17
Dollar lacks upside momentum due to lower Treasury yields

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
Dollar lacks upside momentum due to lower Treasury yields

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
Sentiment turns sour, dollar steadies ahead of the weekend

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
Dollar lacks upside momentum due to lower Treasury yields

Dollar off tops but resilient

May 16, 2022 05:44
Stocks mostly lower despite upbeat economic data

Markets failed to extend the bounce, back under pressure

May 16, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

Dollar refrains from a deeper retreat

May 13, 2022 06:04
Dollar lacks upside momentum due to lower Treasury yields

The greenback seems unstoppable

May 12, 2022 06:34
Risk sentiment looks mixed, dollar retreats marginally

Dollar at fresh highs while stock markets keep bleeding

May 12, 2022 06:21
Dollar lacks upside momentum due to lower Treasury yields

Dollar bulls take a pause, US data eyed

May 11, 2022 07:22
Stocks continue to give up gains ahead of US jobs data

Stocks bounce ahead of US inflation report

May 11, 2022 07:09
Dollar lacks upside momentum due to lower Treasury yields

Dollar holds steady after local correction

May 10, 2022 10:16
  • Terms & Сonditions
  • Contact
Wednesday, May 18, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

    A mixed start to the week in the global markets

    Markets a sea of red ahead of US jobs data

    Geopolitics pushes global markets south, dollar bulls back in the game

    Post-Fed rally fades, USD recovers

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

    A mixed start to the week in the global markets

    Markets a sea of red ahead of US jobs data

    Geopolitics pushes global markets south, dollar bulls back in the game

    Post-Fed rally fades, USD recovers

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Dollar back on the defensive as risk trends bounce

Dollar back on the defensive as risk trends bounce

by Joseph Deen
February 21, 2022 09:17
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

Despite the greenback struggling to regain the upside momentum, the USDJPY pair still stay within a broader uptrend

EURUSD

The dollar came back under selling pressure after another failed attempt to overcome the 96.00 figure earlier in the day. Reports that a proposal for a summit between US President Joe Biden and Russian counterpart Vladimir Putin has been accepted by both sides helped ease investor concerns somehow. As risk sentiment had improved, the safe-haven demand for the greenback abated, pushing the euro towards the 1.1400 figure that has been capping further gains so far. As such, the common currency was once again rejected by a slightly descending 100-DMA and retreated early in Europe. The pair was last seen changing hands around 1.1365, up 0.39% on the day. On the hourly charts, the technical picture looks neutral as the prices are stuck between the key moving averages while the RSI is pointing slightly higher.

USDJPY

USDJPY keeps retreating from long-term peaks seen above 116.00 earlier this month. Earlier on Monday, the pair briefly exceeded the 115.00 figure but was rejected by the 20-DMA to turn negative on the day. Despite the dollar struggling to regain the upside momentum, the prices still stay within a broader uptrend while holding marginally below the mentioned multi-year highs. On the four-hour timeframes, however, it looks like the path of least resistance is to the downside for the time being, as the prices keep trending lower below the key moving averages while the RSI is pointing south but is yet to enter the oversold territory. The immediate support now arrives at 114.80. Should the dollar get back under this zone, the near-term technical picture will deteriorate further.

XAUUSD

Gold prices climbed to late-May highs around $1,908 earlier in the day before retreating below the $1,900 figure in recent trading as risk sentiment has improved. Despite some profit-taking, the precious metal could regain the upside momentum to notch fresh multi-month tops in the short term, as geopolitics will likely continue to support demand for the bullion. At this stage, the XAUUSD pair needs to hold above the $1,885 region in order to stay afloat and refrain from a deeper bearish correction. Of note, the yellow metal has bounced from intraday lows in recent trading, suggesting the downside potential is limited for the time being. In a wider picture, gold prices have been retaining a strong bullish tone for the fourth week in a row. Should the prices confirm a break above $1,900 in the short term, traders will shift their focus to May’s peaks at $1,916.

BTCUSD

The BTCUSD pair extended losses over the weekend to notch early-February lows just below the $38,000 figure. Today, the digital currency tried to stage a bounce but the recovery momentum was capped by the $39,500 intermediate resistance. As such, failure to regain the $40,000 figure suggests the coin will continue to struggle in the near term, with downside risks persisting despite the prices having settled around the $38,000 level in recent trading, adding 2.27% on the day. On the four-hour charts, bitcoin stays below the key moving averages while the RSI is pointing slightly lower, adding to a more downbeat technical outlook. In a wider picture, the BTCUSD pair needs to hold above a slightly ascending 100-week SMA, currently at $33,000.

Tags: BTCUSDEURUSDGoldUSDJPYVladimir PutinXAUUSD
Share2Tweet2
ADVERTISEMENT
Joseph Deen

Joseph Deen

Joseph is a technical analysis expert. A graduate of NYU, Joseph has a master's degree in mathematics. On FWNews, Joseph provides exchange rates reviews and forecasts.

Related Posts

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
13
Chinese data spooks investors, sentiment turns sour
Fundamental analysis

Stock markets turn directionless after a bounce

May 18, 2022 05:08
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
15
Sentiment turns sour, dollar steadies ahead of the weekend
Fundamental analysis

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar off tops but resilient

May 16, 2022 05:44
18
Stocks mostly lower despite upbeat economic data
Fundamental analysis

Markets failed to extend the bounce, back under pressure

May 16, 2022 04:38
16

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Euro struggles below three-month highs, yen demand persists

Volatility persists in currency markets, Aussie at late-2008 lows

March 16, 2020 11:21
15

Federal Reserve Board announces approval of notice by Morgan Stanley

September 30, 2020 11:00
10
Some countries have reported a resurgence in coronavirus cases.

European markets close mixed as investors monitor new coronavirus cases and reopening efforts

May 12, 2020 10:22
16

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2020 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2020 FWNews