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All posts by Pablo Piovano

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USD/CAD leaps to fresh tops around 1.2560

The pair climbs to 1.2560, fresh tops. USD strongly rebounds from 3-year lows. U-Mich came in above estimates. USD-bulls seem to have awoken on Friday and are now lifting USD/CAD to fresh daily peaks in the proximity of 1.2560, around a cent higher than today’s

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US Dollar pushes higher above 89.00 on U-Mich

US consumer sentiment beats estimates. DXY tested 89.00 and beyond. US yields drop to 2.86%. The greenback, in terms of the US Dollar Index (DXY), is now extending the daily rebound and is now gyrating around the 89.00 handle. US Dollar bid on data The

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ZAR looks undervalued – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen assessed the prospects for the South African Rand in the upcoming months. Key Quotes “After the recent surge, we think that much of the good news is priced in and hence the rand may trade flat against the

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GBP/USD plummets to 1.4000 on USD strength

Cable down over a big figure since daily tops. USD pick up behind the move. U-Mich index coming in next. The Sterling is now trading in the red figures and is forcing GBP/USD to retreat more than a cent to the current vicinity of the

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EUR/USD stays in lows near 1.2460 post-US data

Spot navigates lows near 1.2460. USD  bid, now targets 89.00. US housing data came stronger. The renewed buying interest around the buck keeps weighing on EUR/USD and is now dragging it to the area of daily lows around 1.2460. EUR/USD offered on stronger USD, data

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EUR/JPY keeps the red near 132.50

Cross remains in 3-month lows. EUR-weakness helping on the downside. Lower USD/JPY weighing on the down move. The now selling pressure around the European currency is collaborating with the drop in EUR/JPY to fresh multi-month lows in the 132.50 region. EUR/JPY in 3-month lows The

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USD/ZAR bounces off lows near 11.50

ZAR in 3-year tops vs. USD. Domestic politics behind the move. C.Ramaphosa elected President. The South African Rand is now giving away some of this week’s strong gains and is driving USD/ZAR to the 11.65 area. USD/ZAR in 3-year lows The par is alternating gains

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EUR/USD turned negative near 1.2480

Spot reverses the earlier upside to 1.2480. USD now bid around 88.70. US data next on tap. The now better tone around the greenback is forcing EUR/USD to abandon the area above 1.2500 the figure and return to the 1.2485/80 band. EUR/USD off YTD peaks

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USD/JPY retakes 106.00 and above ahead of US data

Spot bounces off 105.50. US 10-y yields around 2.90%. US housing data, U-Mich next on tap. The bid note around the Japanese currency stays unabated so far this week, dragging USD/JPY to fresh 15-month lows in the mid-105.00s during early trade. USD/JPY looks to data,

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GBP/USD comes down to 1.41 on UK’s retail sales

UK’s retail sales expanded 0.1% MoM. Cable dropped to 1.4100 on weak data. US consumer sentiment next of relevance. The Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK, with GBP/USD briefly visiting 1.4100 in