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

Currencies stuck in holiday ranges

December 24, 2021 00:34
Russian ruble licks wounds at all-time lows

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
Equity markets mixed ahead of the weekend

Markets struggle for direction as worries persist

June 30, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

Greenback continues to outperform its rivals

June 29, 2022 05:31
Stocks retain bullish bias, capping dollar’s recovery

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
Geopolitics pushes global markets south, dollar bulls back in the game

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

USD slightly on the defensive to start the week

June 27, 2022 06:04
Markets struggle for direction, dollar steady after gains

Stock market rally continues, pressuring the dollar

June 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar resumes the downside, looks choppy

June 24, 2022 06:22
Risk sentiment looks mixed, dollar retreats marginally

Equities in positive territory ahead of the weekend, dollar lags

June 24, 2022 05:13
Stocks making recovery attempts, markets remain unstable

Markets indecisive as recession fears persist

June 23, 2022 09:11
Dollar lacks upside momentum due to lower Treasury yields

USD regains bullish bias, volatility ebbs somehow

June 23, 2022 08:44
  • Terms & Сonditions
  • Contact
Friday, July 1, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

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

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

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

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

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

Home » Currencies stuck in holiday ranges

Currencies stuck in holiday ranges

by Joseph Deen
December 24, 2021 00:34
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

The dollar was mostly lower as risk sentiment turned positive following a sell-off witnessed on Monday

EURUSD

The euro saw a bullish week due to a weaker dollar as risk sentiment turned positive following a sell-off witnessed on Monday. EURUSD pair exceeded the 1.1300 figure to settle at weekly highs around 1.1340 in thin trading ahead of Christmas. In the process, the common currency exceeded the 20-DMA, currently at 1.1300. Now, this level represents the immediate support for the euro. As long as the prices stay above this zone, bearish risks are limited. On the four-hour charts, the technical picture has improved as well after the pair exceeded the key moving averages. Still, the directionless RSI signals the euro may lack the momentum to notch fresh local highs in the short term and will likely stay at the current levels instead. Should the mentioned hurdle give up, this month’s highs around 1.1360 will come into the market focus.

GBPUSD

The cable advanced to one-month highs around 1.3440 on Thursday to notch the third bullish day in a row. Today, the pair has switched into consolidation mode to settle in the 1.3400 area, also struggling for direction in thin pre-holiday trading. GBPUSD is finishing the week with solid gains and could extend the ascent during the final week of the year should the greenback stay on the defensive. However, it looks like traders could proceed to some year-end profit-taking, so there is a risk that the pound may get back below the 20-DMA, currently at 1.3270, in the coming days if risk sentiment deteriorates. On the hourly timeframes, the prices were last seen flirting with the 20-SMA and could keep clinging to this moving average in the near term, lacking fresh drivers ahead of holidays.

USDJPY

USDJPY edged higher to fresh one-month highs around 114.50 on Friday and was last seen retaining a modest bullish bias on the intraday charts. Earlier in the week, the dollar has got back above the 20-DMA, with the technical picture improving further after the latest ascent took the prices above 114.00. as such, USDJPY is finishing the third bullish week in a row and could retarget multi-year highs notched last month around 115.50. However, the upside potential looks limited for the time being due to low trading activity. Furthermore, profit-taking could bring the prices back to the 114.00 region that now represents the immediate support. On the four-hour timeframes, the RSI is yet to enter the overbought territory, suggesting there is room for further gains in the near term.

BTCUSD

The Bitcoin price managed to overcome the 20-DMA on Thursday and saw solid intraday gains. The BTCUSD pair exceeded the $50,000 psychological level, advancing to 2.5-week highs around $51,500 today. The largest cryptocurrency by market capitalization was last seen changing hands around the upper end of the intraday range, preserving a modest bullish bias. However, the coin is yet to confirm its recovery above the $50,000 figure on a daily closing basis. Otherwise, another local sell-off could be expected. In a wider picture, bitcoin is now back targeting the 20-week SMA, currently at $52,600. A decisive break above this moving average would mark a significant improvement in the technical picture at this stage. However, it looks like the digital currency may lack the upside momentum to challenge this barrier anytime soon. 

Tags: BITCOINBTCUSDEURUSDGBPUSDUSDJPY
Share2Tweet1
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

Russian ruble licks wounds at all-time lows
Technical analysis

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
15
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction as worries persist

June 30, 2022 04:15
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback continues to outperform its rivals

June 29, 2022 05:31
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
18
Geopolitics pushes global markets south, dollar bulls back in the game
Fundamental analysis

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
19
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD slightly on the defensive to start the week

June 27, 2022 06:04
15

Leave Your Opinion Cancel reply

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

Recommended

Video game sales are exploding because of COVID-19

Video game sales are exploding because of COVID-19

November 7, 2020 06:16
10
Stock market rally cools off, investors keep a cautious tone

Stock market rally cools off, investors keep a cautious tone

November 18, 2020 04:05
15

Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says

November 20, 2020 12:26
12

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