Currency Analysis & Comment

The direction of the EUR/USD into the close on Friday is likely to be determined by trader reaction to the 50% level at 1.2125.

Sellers regain the upper hand and drag EUR/USD back to the low-1.2100s at the end of the week. The continuation of the downtrend looks likely in the v

EUR/JPY gathers further selling pressure and already tests the initial support zone around the 133.00/132.90 band on Friday. If the selling pressure g

The EUR/GBP cross extended the previous day's rejection slide from a short-term descending trend-line resistance and witnessed selling for the second

USD/TRY is attempting a recovery from monthly lows of 8.2775 reached in early European trading, although the selling interest remains unabated ahead o

Silver built on the previous day's goodish bounce from weekly lows and gained some follow-through traction on the last trading day of the week. This m

Gold is hovering around $1,900, benefiting from lower US yields. As FXStreet’s Haresh Menghani notes, around $1,916 holds the key for XAU/USD bulls. S

The USD/INR pair trades lower on Friday in the European session. The pair find it difficult to sustain over the 73.00 mark. At the time of writing, US

USD/CHF stays pressured around 0.8940 amid early Friday. In doing so, the Swiss currency (CHF) pair keeps trading under the 200-HMA while fading Wedne

NZD/USD edges lower around 0.7190, down 0.15% intraday, amid Friday’s Asian session trading. The kiwi pair recovered from 0.7164 the previous day but

The hourly chart is shaping up for a potential continuation to the downside. The following illustrates the bearish bias should the price be rejected a

AUD/USD portrays a sluggish move around 0.7750 during Friday’s Asian session. In doing so, the Aussie pair fails to extend Thursday’s run-up beyond 20

The USD/CAD pair extends the previous day’s weakness onto Friday’s morning session. The pair opens up near the 1.2100 a key psychological mark albeit

EUR/GBP holds lower ground near 0.8590, following its heaviest drop in two weeks the previous day. In doing so, the cross-currency pair keeps key HMA