USD / JPY recorded a modest intraday bounce from the support of the ascending channel on Monday. The setup favors the bulls and supports the prospects for a resumption of the previous uptrend. A convincing break below the trend channel support would negate the positive outlook. The pair USD/JPY it attracted some buying on the […]
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USD / CAD consolidates in a range, comfortably holding above the middle of 1.2350
The USD / CAD was observed to fluctuate in a range during the first half of trading action on Monday. Bullish crude oil prices propped up the loonie and limited any significant gains for the pair. High US bond yields acted as a tailwind for the USD and provided some support to the pair. The […]
USD / CAD moves away from lows, still in the red below mid-1.2300
A combination of factors triggered new selling around USD / CAD on the last day of the week. A generally positive risk tone affected the dollar as a safe haven and provided support to the downside. A rally in crude oil, stronger Canadian data supported the loonie and contributed to sales. The pair USD / […]
XAU / USD bulls look to take control near $ 1,800
Gold gained traction for the fourth day in a row amid renewed USD sell bias. Rising US yields, risk appetite could limit any further gains. Aggressive signals from major central banks could also act as a headwind for the metal. The oro (XAU) it gained traction for the fourth day in a row and soared […]
GBP / JPY clings to modest gains above 157.00, lacks tracking
GBP / JPY attracted some buying on the dips on Friday and reversed an initial drop to the 156.80 zone. Bullish UK PMIs overshadowed dismal retail sales and acted as a tailwind for the British pound. Stability in equity markets undermined the safe-haven JPY and further extended support. The crossing GBP/JPY it quickly rallied around […]
AUD / USD resumes 0.7500 level amid weaker USD
AUD / USD regained positive traction on Friday and reversed the previous day’s retracement decline. An improvement in risk sentiment undermined the safe-haven dollar and remains supported. Soaring US bond yields did little to impress USD bulls or hinder strong intraday bullish movement. The pair AUD/USD It was based on its intraday rise and rose […]
USD / CAD flirts with session lows below 1.2350 ahead of Canada / US data.
The USD / CAD witnessed further selling on Friday and reversed a significant portion of the gains overnight. The renewed weakness of the USD turned out to be a key factor that acted as a headwind for the pair. A rebound in oil prices sustained the loonie and further contributed to intraday sales. The pair […]
NZD / USD rises to daily highs and approaches the 0.7200 level
The NZD / USD captures new purchases on Friday and recovers a significant part of the previous day’s decline. The stability in the markets benefits the NZD with the highest perceived risk amid moderate demand for the USD. High US bond yields help limit losses around the USD and could limit the pair’s rally. The […]
USD / JPY struggles to find direction and remains stable around the 114.00 level
USD / JPY struggles to retain / capitalize on its modest intraday gains on Friday. A subdued action in the USD price turns out to be a key factor limiting the pair’s rise. Signs of stability in stock markets and high US bond yields support the pair’s upward move. The pair USD/JPY remains practically unchanged […]
NZD / USD turns lower after hitting multi-month highs, falls back below 0.7200
The NZD / USD is witnessing a modest pullback from the multi-month highs hit early Thursday. Softer risk sentiment and high bond yields benefit the safe-haven USD and put pressure on the pair. Rising expectations for a further rate hike from the RBNZ warrant caution for aggressive bears. The pair NZD / USD extends its […]