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

Bearish bets on dollar soften

December 23, 2021 01:16
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 » Bearish bets on dollar soften

Bearish bets on dollar soften

by Joseph Deen
December 23, 2021 01:16
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

The USD index has got back into the positive territory in recent trading

EURUSD

EURUSD has settled above the 1.1300 figure on Thursday, struggling to extend yesterday’s advance. Earlier in the day, the pair peaked in the 1.1340 zone that capped the rally on Wednesday. It looks like the upside potential surrounding the common currency is limited after this week’s gains, as the USD index has got back into the positive territory in recent trading. On the four-hour charts, EURUSD failed to hold above the descending 200-SMA while the RSI has reversed south, suggesting the pair could erase some if its recent gains if the greenback extends the recovery in the short term. In a wider picture, the euro stays within a broader bearish trend despite the recent rebound above the 20-DMA. Furthermore, the prices are yet to confirm the bounce on a weekly closing basis.

GBPUSD

The pound has been rallying for the third session in a row on Thursday, extending gains to the 1.3400 figure for the first time in a month. The pair was last seen clinging to this psychological level that could act as a local resistance in the short term. In this scenario, a pullback towards the 1.3340 initial target could be expected. Should the ascent continue, the cable may advance to 1.3450. On the hourly timeframes, the RSI has entered the overbought territory, which implies that the bullish potential could be limited from here. On the other hand, should the prices hold above the 1.3280 region in the near term, the pair would preserve the upside bias and could extend the ascent if dollar bulls refrain from reentering the game anytime soon.

USDJPY

USDJPY has been retaining a bullish bias since a decisive break above the 20-DMA earlier in the week. On Thursday, the pair advanced to the 114.35 area, clinging to one-month highs as demand for the safe-haven Japanese yen has abated. However, it looks like the greenback would need an extra catalyst to overcome the mentioned highs in the short term. In a wider picture, the pair looks set to finish the third bullish week in a row, with the weekly RSI approaching the overbought territory, which implies that USDJPY could fail to regain the 115.00 figure this month. In the immediate term, failure to challenge the mentioned highs would send the prices back below the 114.00 level, followed by the 20-DMA around 113.50.

BTCUSD

BTCUSD peaked at $49,500 on Wednesday and has been struggling since then. The largest cryptocurrency by market capitalization slipped to the $48,000 figure and was last seen flirting with the descending 20-DMA that arrives marginally above the intraday lows. Should this moving average give up anytime soon, the 200-DMA, currently at $47,200, will come into the market focus next. Still, the coin remains positive on the weekly timeframes as long as the prices remain above the $47,000 figure. It looks like the digital currency could derive support from the mentioned moving averages and avoid deeper losses in the short term. Otherwise, the market focus would shift back to the $45,500 significant support.

XAUUSD

Gold prices keep climbing north due to a weaker dollar. Today, the XAUUSD pair advanced to nearly one-week highs around $1,808 and was last seen clinging to the upper end of the extended range. Should the precious metal confirm a recovery above the $1,800 psychological level on a daily closing basis, the short-term technical outlook for the bullion would improve further. However, it looks like the prices will struggle to challenge last week’s highs around $1,815 as the downside risks surrounding the dollar are limited for the time being. In a wider picture, the outlook for gold has improved somehow after the prices rebounded above the 20- and 200-SMAs that converge around $1,793.

Tags: BTCUSDDollarEURUSDGBPUSDGoldUSDUSDJPYXAUUSD
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
Stocks retain bullish bias, capping dollar’s recovery
Fundamental analysis

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
17
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

Leave Your Opinion Cancel reply

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

Recommended

Investors sentiment mixed ahead of the weekend

Markets digest Fed’s verdict, BTC threatens the $40,000 figure

March 17, 2022 04:36
15
Euro struggles below three-month highs, yen demand persists

Major currencies remain in a consolidative mode, yen leads the gains

April 13, 2020 11:59
14
saudi_arabia_oil

Stocks and oil surge, dollar trading muted

May 15, 2020 12:52
17

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