Ella

USD/CHF was trading around 0.8980 in the European session on Thursday, struggling to hold near the two-week high of 0.8983 recorded on Wednesday. Investors awaited the annualized growth rate of…

Analysts at UOB Group say USD/JPY could test 161.00 before retreating. Resistance levels are at 161.00 and 161.50, but 161.50 is unlikely to be reached. However, strong momentum suggests further…

Analysts at UOB Group believe that USD/CNH may trade between 7.2920-7.3060. The exchange rate may rise above 7.3100, but it is too early to reach the next important resistance level…

Early Wednesday, EUR/USD traded near 1.0700, maintaining a tight range. Yesterday was no surprise, data was light, and speeches from Fed officials did not bring anything new. The euro exchange…

USD/CHF continued to rise for the second day in a row, trading around 0.8960 in early European trading on Wednesday. The rise in the exchange rate may be due to…

GBP/USD had a lackluster performance in London on Wednesday. The pair’s recovery from a more than five-week low of 1.2620 appears to have stalled near the 1.2700 round resistance level.…

USD/JPY may trade sideways between 159.20-159.90. FX Strategists at UOB Group believe the pair could break above 160.00, but another resistance is at 160.25. The pair could jump to 160.25…

USD/CNH could move higher. Analysts at UOB Group note that any upside move is unlikely to hit the important resistance levels of 7.3000 and 7.3100. USD/CNH would turn lower if…

EUR/USD fell below the 1.0700 round-figure support during the European session on Wednesday. EUR/USD remains weak as the euro’s near-term outlook weakens amid uncertainty over the European Union (EU) legislative…

USD/CAD remained on the defensive around 1.3655 in early Asian trading on Tuesday. The U.S. dollar index (DXY) retreated from nearly two months to 105.50, exerting some selling pressure on…