Very little has happened in the dollar market for many weeks. It stuck in a side move, which was also preceded by a significant weakening of the USD from previous months, along with a rebound since March and an increase in risk appetite in the markets. It is clearly visible on EUR/USD. After reaching 1.20,
Tuesday morning, and thus the new month, begins with the continued weakening of the dollar. In the case of EUR / USD, this move pushes the market to the round 1.20 level. However, if we look at the balance of forces on the daily chart, it is clear that in recent weeks the trend has
The past days have brought the Eurodollar retraction, which leaves a noticeable upper shadow on the weekly chart. It is worth noting that the 8-week rally with EUR / USD has been gaining steadily behind us. A retreat from the previous days and an end of the week around 1.18 or lower would mean that
In recent days, the breakout of resistance at 1.1450 on EUR/USD brought a clear weakening of the dollar to many currencies, including emerging market currencies, which can be seen, for example, in the changes in the WisdomTree Emerging Currency Strategy Fund (CEW ticker), i.e. the ETF giving exposure to currencies EM countries. It begins again
AUD/USD has been in a quite important zone for several weeks, i.e. under resistance in the region of 0.70. Sellers appeared several times in this place last year. For three weeks, buyers also have a problem here with the continuation of the dynamic rebound that has appeared since March low. This can be seen in
If we look at the long-term EUR / USD chart, it turns out that the recent upward move has not stopped in a random place. In the past, the area around 1.14-1.1450 has repeatedly held back the role of buyers. I marked the place of price reaction with red arrows. If we look at the
Since yesterday the mood began to deteriorate. The market began to pay attention again to the number of cases that in many US states are not stopping growing. In addition, investors have reacted negatively to reports of a planned increase in customs duties by the US towards the EU. The new package would be worth
While the franc or the euro, in terms of the scale of the last correction, went back to places where buyers did not have a major problem with taking the counterattack, in the case of the dollar the sellers technically went a bit. The consequence of this is now a big challenge for those playing
The dynamics of PLN strengthening recently has been impressive. It is no wonder that headlines in financial media are now dominated by this fact. This strong interest in the subject of the strengthening zloty may signal, however, that in the short term we are one step away from taking profits from long positions in PLN.
EUR/USD has risen sharply in recent days. From last week it was an increase of about 3 figures, which is a considerable achievement for the average volatility so far. The weakening of the dollar is also accompanied by an improvement in global investment sentiment, flowing capital to equity markets (including emerging markets) and negatively correlated
