USD/CAD Retreats from Weekly High, Stays Below 1.3700
USD/CAD Retreats from Weekly High, Stays Below 1.3700 The USD/CAD pair is experiencing a decline in the Asian trading session on Friday, retreating from the weekly high it reached at 1.3700. As of the moment, the pair is trading within the range of 1.3680 to 1.3675. Several factors are contributing to this downward movement, although […]
USD/JPY Climbs Toward 149.00, US Data Watched
USD/JPY Climbs Toward 149.00, US Data Watched The USD/JPY pair continued its upward trajectory, reaching approximately 148.80 during the Asian session on Wednesday. This consecutive gain followed a rebound in the previous session, driven by a positive risk sentiment amidst ongoing Middle East conflict. One noteworthy development is the Bank of Japan’s (BoJ) contemplation of […]
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions The GBP/USD currency pair has been exhibiting some resilience in the face of geopolitical tensions and economic uncertainty. After opening with a modest bearish gap below 1.2200 levels at the start of a new week, the pair managed to recover, moving closer to a one-week high touched […]
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data The USD/CAD pair is experiencing a slight dip in the vicinity of 1.3730 as market participants eagerly anticipate labor market data from the US and Canada. The US Dollar (USD) has been on a losing streak, which has led to the CAD’s current position. In […]
AUD Rebounds, Eyes US Employment Data
AUD Rebounds, Eyes US Employment Data The Australian Dollar (AUD) experienced a brief respite in its recent downward trend on Wednesday. However, it continues to face significant pressure due to a combination of risk-off sentiment and the persistent strength of the US Dollar (USD). The catalyst for this pressure was the Reserve Bank of Australia’s […]
AUD Ends Winning Streak Amid RBA Policy Focus
AUD Ends Winning Streak Amid RBA Policy Focus The Australian Dollar (AUD) put anAUD Ends Winning Streak Amid RBA Policy Focus BOJ Debates Exiting Easy Policy, 10-Year JGBs Weaken Nikkei Rises in Asian Trade; China, India on Holiday end to its recent winning streak on Monday, marking the third consecutive day of losses. The AUD/USD […]
AUD Stays Above 0.6350 Amid Weak Retail Sales
AUD Stays Above 0.6350 Amid Weak Retail Sales The Australian Dollar (AUD) recently found itself in a precarious position, as it dipped to a 10-month low. However, despite this challenging situation, the AUD/USD pair managed to maintain its stance above the crucial 0.6350 mark. This resilience came in the wake of disappointing news regarding Australia’s […]
AUD Holds Above Monthly Low Amid Strong Inflation Data
AUD Holds Above Monthly Low Amid Strong Inflation Data Despite robust inflation data from Australia, the Australian Dollar (AUD) is struggling to gain ground against the US Dollar (USD), as risk aversion and falling commodity prices hinder its ascent. The AUD/USD pair is hovering perilously close to its monthly low, and the dynamics at play […]
AUD/USD Nears 0.6400: Focus on US Core PCE and Aussie CPI
AUD/USD Nears 0.6400: Focus on US Core PCE and Aussie CPI The AUD/USD pair is currently undergoing a retracement, with its value hovering around the 0.6420 mark during the Asian trading session on Monday. This pullback comes after the pair experienced some upward momentum last week, buoyed by a combination of positive Australian PMI data […]
USD/JPY Targets 148.50 as Bank of Japan Holds Interest Rates Steady
USD/JPY Targets 148.50 as Bank of Japan Holds Interest Rates Steady USD/JPY rebounds from Thursday’s losses following the Bank of Japan’s decision to keep interest rates unchanged. As expected, the BoJ maintained its current rates at -0.1%. During early European trading on Friday, the spot price is hovering around 148.30. In a press conference after […]
USD/JPY Treads Water Below 148.00 Ahead of Fed Rate Decision
USD/JPY Treads Water Below 148.00 Ahead of Fed Rate Decision As the eagerly awaited Federal Reserve (Fed) interest rate decision inches closer, the USD/JPY currency pair finds itself in a holding pattern, oscillating within the narrow range of 147.70 to 147.85 during the early European trading session on Wednesday. Presently, the pair is hovering at […]
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices EUR/GBP has continued its upward trajectory, making gains for the second consecutive day and currently trading at around 0.8610 during the European trading session on Monday. This surge in the currency pair can be attributed in part to the recent statements made by Christine Lagarde, […]
GBP/USD Shows Modest Recovery Around 1.2420-25, But Uncertainty Lingers
GBP/USD Shows Modest Recovery Around 1.2420-25, But Uncertainty Lingers The GBP/USD currency pair has displayed resilience, maintaining a foothold below the critical 1.2400 level for the second consecutive day. During the Asian session on Friday, it garnered some buying interest after having recently plumbed a three-month low. As of the moment, it hovers around the […]
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report In the early hours of Wednesday’s Asian trading session, the USD/CAD currency pair found itself in a stable position, hovering just above the mid-1.3500s range. This marks a phase of consolidation for the pair, following its recent descent to a one-and-a-half-week low that was recorded just […]
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase During the Asian session on Monday, the AUD/USD held above the 0.6400 area, with the Australian Dollar (AUD) benefiting from a weaker US Dollar and diminishing concerns about China’s deflation. Currently trading near 0.6425, the pair has gained 0.75% for […]
GBP/USD Recovers, Stays Below 1.2500
GBP/USD Recovers, Stays Below 1.2500 GBP/USD has seen a glimmer of hope after enduring three consecutive days of losses. In the Asian trading session on Friday, the currency pair made a modest recovery, hovering around the 1.2490 mark. This turnaround can be primarily attributed to a correction in the value of the US Dollar (USD), […]
NZD/USD Hovers Near November 2022 Lows at 0.5865-60
NZD/USD Hovers Near November 2022 Lows at 0.5865-60 The NZD/USD pair is currently facing a tough challenge during the Asian trading session. It’s hovering around a level between 0.5865 and 0.5860, marking its lowest point since way back in November 2022. The main culprit behind this struggle is the strong US Dollar (USD), and the […]
EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data
EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data The EUR/USD currency pair is in a bit of a sticky situation. It’s currently hanging around the 1.0780 level, which is pretty important. It’s been at this level for about 5.5 months. Recently, there was a tiny bounce, but that excitement didn’t […]