Joshua

Federal Reserve members insisted on the need to prolong rate hikes, albeit at a slower pace, which strengthened the dollar. The Swiss franc continues to strengthen against the US dollar. Based on the data, SNB Governor Thomas J. Jordan said they could raise rates in December. USDCHF Price Analysis: Will continue to weaken once above […]

AUDUSD bears are on the lookout for a key resistance zone. The US dollar shows signs of accumulation on the lower time frames. Based on Pre-Open Week Analysis: AUDUSD Price Analysis: A slowdown opens up the risk of a rupturetour at 0.6650 and belowthe price continues to slow down on Monday. So far, AUDUSD has […]

Federal Reserve officials and risk aversion prop up the dollar. The Japanese yen fails to gain traction following BOJ Kuroda’s comments. USDJPY is forming a bullish harami, which could exacerbate a test of 142.50. After falling more than 5% in the last week, the USDJPY it is recovering, bouncing off last week’s lows around 138.00 […]

The pound is under pressure at the start of an important week. EURGBP approached last week’s high near 0.8830. Consolidating above 0.8830 could open the doors to 0.8900. The pound is one of the worst performing currencies in the G10 on Monday. EURGBP broke above 0.8800 and rose to 0.8813, hitting the highest level since […]

Dollar rally loses momentum even as US yields rebound. EURUSD is stabilizing around 1.0300 and holding firm on its recent gains. More US inflation data will be released on Tuesday. The EURUSD pair erased intraday losses after rallying back to the 1.0330 zone. Earlier, the pair bottomed at 1.0270, but then the dollar lost momentum […]

USDCAD moves firmly towards 1.3300 following hawkish Fed comments. The Federal Reserve’s Waller said the Fed could raise 50 basis points in December or after that meeting. The dollar was buoyed by Waller’s remarks, while US Treasury yields rose. The Loonie is at the expense of Canadian CPI and GDP data for the week. USDCAD […]

GBPUSD dipped from last week’s highs around 1.1850. Fed’s Waller: It could go up 50 basis points at the December meeting or the next one. Following Waller’s remarks, the dollar rose and GBPUSD fell below 1.1800. British pound to continue to trade choppy ahead of UK budget release Thursday. Sterling fell from last week’s highs […]

The index recovers the area above 107.00 on Monday. US yields remain buoyant amid a general lack of direction. Fed Vice President L. Brainard will speak later on the “Economic Outlook”. The dollar index (DXY)which tracks the dollar against a bunch of its major competitors, is holding the offered tone unchanged after the opening bell […]

Dollar bulls feel pressured. Kit Juckes, chief currency strategist at Société Générale, points out that dollar bulls on the run if hard landing fears are kept at bay. Dollar sentiment is changing “While there are still some nasty tail risks, we are in the process of seeing inflation peak, and while growth is slowing and […]

GBPUSD is making a downward correction. ING economists expect the pair go back down to 1.10 in the coming months. 1.1670/1.1750 could be the short-term corrective bottom for GBPUSD “UK Chancellor Jeremy Hunt has been ratcheting up the rhetoric that Thursday’s autumn declaration is going to hurt: it includes tax hikes for all and a […]