logo
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation.
banner
About      Faq       Contact     Shop

#forexbreakfast focus forex (eng)

Last week due to fears over the delta variant, it was characterized by a risk-averse climate. Good week for safe-haven currencies, especially the dollar and yen. The eur / usd fell below 1.18. The ECB meeting is this week, which could give further direction to the exchange rate. Week in decline for the majority of commodity currencies, Norwegian krone and Canadian dollar in the first place. The Chilean peso also fell, despite CB raising rates by 25bps.

A negative week also for the South African rand that has been affecting by the climate of tension and generalized violence.

Good week for ruble and Brazilian real. A good week also for the Turkish lira that has benefited from the restrictive climate imposed by the Turkish BC.

 

EURODOLLAR

Last week there was a slow phase of weakness in the Eur / usd exchange rate that is approaching the support at 1.1738. A break of this support could give stronger direction to the exchange. The oscillators, for now, indicate divergent information. On the upside, resistance at 1.1945 is to monitor.

EUROPOUNDSTERLIG

Week of greater volatility for the Eur / Gbp exchange rate. The 0.85 support did not yield. Then prices rose above the 0.86 level. On the downside, to monitor there is the 0.8472 area, while on the upside remains 0.87.

EUROYEN

A third week down for the Eur / Jpy exchange rate. The exchange rate is in the 128.83 zone. However, the oscillators are in oversold territory. That could suggest a rebound. On the downside, the 126.44 area is to monitor, while on the upside remains the resistance at 131.07.

No Comments
Leave a Comment: