17 May: Forex Market Overview:
Last trading session was dominated by GBP/USD – British Pound US Dollar which signed a 1.37% rise to 1.2486.
The DXY index lost -0.80% while trading within the 103.36 range for most of the day before closing. The DXY is in green on YTD basis, getting today a variation of 7.69%.
The EUR/USD exchange rate hiked, the pair is now traded at 1.0546, gaining in this market session around 1.10% or 0.0115 pips. Analysts’ projection for the short term is Strong Buy.
The USD/CAD exchange rate lost, the pair is now traded at 1.2815, losing in this market session around -0.22% or -0.0028 pips. Analysts’ projection for the short term is Strong Sell.
The USD/JPY exchange rate gained, the pair is now traded at 129.4, gaining in this market session around 0.18% or 0.23 pips. Analysts’ projection for the short term is Strong Buy.
The USD/NZD exchange rate lost, the pair is now traded at 1.5733, losing in this market session around -0.73% or -0.0115 pips. Analysts’ projection for the short term is Sell.
The AUD/USD exchange rate lost, the pair is now traded at 1.5733, losing in this market session around -0.73% or -0.0115 pips. Analysts’ projection for the short term is Sell.
The GBP/USD exchange rate gained, the pair is now traded at 1.2486, gaining in this market session around 1.37% or 0.0169 pips. Analysts’ projection for the short term is Strong Buy.
