Risk appetite undermined safe haven yen and extended USD/JPY support on Monday. The prevailing selling bias around the dollar prevented the bulls from making further bets and capped gains. The expectation that the Fed will pause the rate hike cycle later this year weighed on the USD. The pair USD/JPY it gained some positive traction […]
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S&P 500: The rally does not take a holiday
Wall Street will not operate normally on Monday as it is a US holiday. European stocks operate on the rise, Asian stocks close with strong rises. The dollar weakened with a climate of optimism, limited metals. The markets throughout the world continue to rise at the start of the week, continuing in a better mood. […]
EUR/USD rises to new one-month highs, approaches 1.0800
The euro among the best performing currencies on Monday. Inflation data is coming from Germany for May. EUR/USD accelerates to the upside, hits the 55-day moving average. The EUR/USD extended the bullish run and climbed to 1.0780, the highest level since April 25. The pair remains in the high zone, with the moment in favor […]
Gold Price Forecast: XAU/USD fails to assert itself above $1860
Gold trims daily gains after posting highs since Wednesday. Bullish bias for the yellow metal, although with resistance ahead. Holiday in the US would reduce volume in operations. The Prayed it started to rise in the Asian session and reached as high as $1864, the highest level since Wednesday, before turning back. It is trading […]
US Dollar Index DXY: Bears remain in control below 102.00
The DXY index falls and rebounds from new lows near 101.40. US markets remain closed for the Memorial Day holiday. FOMC member Waller speaks later in the session. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, remains on the defensive, although manages to bounce off Monday’s […]
NZD/USD maintains gains around 0.6550, bulls eye monthly high
A combination of supportive factors lifts NZD/USD back near monthly highs. Reduced expectations of a more aggressive Fed and risk appetite weigh on the USD. The aggressive signal from the RBNZ benefits the NZD and contributes to the intraday rally. The pair NZD/USD has started the week on a positive note and has built on […]
USD/JPY: Expectations Dim for a Drop to 126.00 – UOB
The probability of USD/JPY testing the 126.00 region in the coming weeks seems to have diminishedaccording to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang. Key comments 24 hour view: “Last Friday, USD/JPY moved relatively calmly between 126.66 and 127.25 before closing flat at 127.11 (-0.02%). The move is likely to be […]
Coronavirus: Shanghai ends lockdown, Beijing remains hopeful
Asian markets celebrate the news that China to end Shanghai blockade on Wednesday. Beijing, however, continues with the restrictionsdespite the number of coronavirus cases falling and officials signaling over the weekend that they are willing to ease restrictions in some parts of the capital. The capital, Beijing eased mobility restrictions in several districts after authorities […]
EU vows to support Ukraine but won’t discuss new sanctions on Russia – Reuters
On the eve of the summit between the leaders of the European Union (EU) on Monday to discuss the crisis between Russia and Ukraine, the draft conclusions of the meeting, seen by Reuters, showed that bloc leaders are ready to discuss the best way to help Ukraine after four months of Russia’s invasion and how […]
Forex Today: The dollar extends the correction before a quiet start to the week with NFP
This is what you need to know to trade today Monday May 30: Risk flows extend into a new week this Monday as investors welcome the news that Shanghai authorities will lift many restrictions so businesses can resume business from Wednesday, easing a city-wide lockdown. The mood of the market helps the dollar, which is […]
