• Latest
  • Trending
  • All
Euro struggles below three-month highs, yen demand persists

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

March 16, 2020 11:21
Dollar lacks upside momentum due to lower Treasury yields

USD demand persists across the market

August 16, 2022 06:49
Euro rises despite а stronger dollar

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar buoyed at the start of the week

August 15, 2022 05:39
Investors stay nervous as tensions escalate

Investors start the week on a cautious note

August 15, 2022 05:25
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
Equity markets mixed ahead of the weekend

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
Dollar lacks upside momentum due to lower Treasury yields

USD stays depressed after plunge on weak CPI

August 11, 2022 09:37
Stocks climb marginally, pressuring the greenback

Investors welcome cooling inflation, dollar sags

August 11, 2022 09:30
Dollar lacks upside momentum due to lower Treasury yields

FX market remains in consolidation mode

August 10, 2022 09:24
Yellen failed to spook global markets

Risk-off tone dominates global markets

August 10, 2022 09:18
Dollar lacks upside momentum due to lower Treasury yields

Currencies apathetic, USD stays pressured

August 9, 2022 15:28
Stocks making recovery attempts, markets remain unstable

Stock markets little changed amid cautious trades

August 9, 2022 15:21
  • Terms & Сonditions
  • Contact
Tuesday, August 16, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

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

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

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

EURUSD struggles to hold above 1.12

by Joseph Deen
March 16, 2020 11:21
in Technical analysis
0
Euro struggles below three-month highs, yen demand persists

EURUSD
Following four days of losses, EURUSD switched into a recovery mode on Monday. The pair registered daily highs above the 1.1230 region but failed to see a sustained momentum and got back below the 1.12 handle. Still, the euro remains positive in the daily timeframes and may resume its bullish attempts should the key moving average withstand the potential downside pressure in the immediate term. the nearest support arrives at 1.11, where the 200-DMA lies. The daily reversed north and pointing slightly to the upside, suggesting the recovery potential may be unsustainable.

GBPUSD
The pound dipped to fresh early-October lows at the start of the week after a deep decline witnessed last week. The pair is now below the key moving averages and could threaten the 1.22 handle should the selling pressure persist in the near term. on the upside, the immediate resistance mow arrives at 1.2350 and then at 1.2420, where the daily highs lie. In the weekly timeframes, the technical picture has deteriorated dramatically following last week’s losses. In a wider picture, GBPUSD needs to regain the 200-DMA around 1.27 so that to reenter the recovery zone. 

USDJPY
USDJPY resumes the decline after a brief recovery witnessed late last week when the pair was rejected from the region, where the 20- and 200-DMAs coincide. Despite the dollar failed to confirm a break above the 108.00 figure, the technical picture has improved somewhat following a local bounce. Now, the prices need to hold above the 105.00 handle in order to avoid deeper losses. A daily close above 106.00 will act as a confirmation of the fact that the bearish risks have abated somehow for the time being. 

EURGBP
The cross climbed to early-September highs on Monday, having exceeded the 0.91 figure. The pair has been on the rise for a fifth week in a row, suggesting the euro has settled within a medium-term bullish trend. Still, considering the overbought conditions, the pair is yet to confirm a break above 0.91 on a daily closing basis. Otherwise, the risk of a downside correction will rise. Besides, the RSI in the daily and weekly timeframes is starting to show some signs of exhaustion in the overbought territory, suggesting the upside momentum is limited at the current levels.  

AUDUSD
The Aussie has been driven to fresh late-2008 lows, with the selling pressure seems to be persisting after five days of losses on a row. The pair has pierced the 0.61 level and registered long-term lows around 0.6080 before a slight bounce. As a result, the daily RSI has dipped below the 17 figure but still pointing to the downside. As long as the pair remains under the key moving averages arriving above 0.67, the bearish risks will persist while bounces will likely be shallow and modest.

Tags: AUDUSDEURGBPEURUSDGBPUSDUSDJPY
Share3Tweet2
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

USD demand persists across the market

August 16, 2022 06:49
13
Euro rises despite а stronger dollar
Fundamental analysis

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar buoyed at the start of the week

August 15, 2022 05:39
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
17
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
22
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD stays depressed after plunge on weak CPI

August 11, 2022 09:37
18

Leave Your Opinion Cancel reply

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

Recommended

Sentiment turns sour again but the greenback keeps bleeding

Stocks retreat marginally while the dollar trims losses to start the week

December 7, 2020 03:44
15
In Italy, the government is discussing a stimulus package amid the virus outbreak

Market sentiment remains choppy despite supportive measures

March 5, 2020 11:06
34
Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’

Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’

August 4, 2020 04:46
15

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 © 2022 FWNews

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

Copyright © 2022 FWNews