FlowBank

1158 days ago

Is the USD attracting investors amid volatility on Wall Street ?

''A sustained move over 90.485 will indicate the presence of buyers. If this move can create enough upside momentum then look for the rally to extend into 90.880 to 90.948. Taking out 90.948 will indicate the buying is getting stronger. This could trigger an acceleration to the upside with the next potential target 91.370. However, a sustained move under 90.485 will signal the presence of sellers. If this generates enough downside momentum then look for a possible test of 90.055 to 89.845. The latter is a potential trigger point for an acceleration into 89.165.''-Bloomberg

#Forex

1163 days ago

Chinese banks bought most yuan (sold dollars) since 2014 last month

Chinese banks net bought the most #yuan for their clients in the spot foreign-exchange market since early 2014 last month, according to official data

#Forex
Chinese banks bought most yuan (sold dollars) since 2014 last month

1163 days ago

EMs plenty of room for catch-up based on historical dollar correlation

Dollar weakness has not yet been met with matching EM buying

#Forex
EMs plenty of room for catch-up based on historical dollar correlation

1168 days ago

Top forex risers and fallers in the last year

Russian ruble and Brazilian real have really struggled while the Australian dollar and Swedish krona have soared

#Forex
top fx risers and fallers

1168 days ago

Sterling pops to near 3-year high as UK ramps up covid vaccinations

Renewed dollar weakness following strong economic data and the UK's solid vaccination rollout are bolstering demand for GBP

#Forex
Sterling pops to near 3-year high as UK ramps up covid vaccinations
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