An advance made by the risk currencies overnight - Forex News by FX Leaders

An advance made by the risk currencies overnight

Posted Thursday, July 21, 2016 by
Skerdian Meta • 1 min read

The risk currencies have been on the back foot this week. Better I say, the US Dollar has been in charge because the Japanese yen has declined as well. The market sentiment hasn´t exactly been on risk aversion because if that was the case the Japanese Yen would benefit from it, since it is a safe haven currency. The Swiss Franc is also a safe haven and it hasn´t seen a great demand either, apart from a couple of hours yesterday afternoon which went in favour of our sell EUR/CHF forex signal.

Anyway, the risk currencies have gained considerably against the USD overnight. EUR/USD got close to 1.1050 from 1.0980, AUD/USD has gained about 50 pips, USD/CAD is down despite falling oil prices and GBP/USD in particular, is about 200 pips from the lows yesterday. This morning even the Yen has taken advantage of this USD weakness and has fallen back below 106. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments