USD / JPY is moving lower for the second day in a row amid revival in safe haven demand. Renewed concerns about China’s real estate sector support the safe-haven JPY. High US bond yields benefit the USD and could help limit the pair’s losses. A modest pickup in safe-haven JPY demand has dragged the pair […]
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USD / CHF struggles to gain significant traction, remains below 0.9250
A combination of factors helped the USD / CHF gain some positive traction on Wednesday. The rally in US bond yields revived demand for USD and extended some support to the pair. The risk appetite mood undermined the safe haven CHF and contributed to the rally. The lack of solid follow-up buying justifies the caution […]
USD / JPY consolidates recent gains to multi-year highs, remains stable near 114.50
USD / JPY jumped to new multi-year highs during the early part of trading action on Wednesday. Risk appetite and a further widening of the US-Japan bond yield spread weigh on the safe-haven JPY. Moderate USD demand limits any further gains amid short-term overbought conditions. The pair USD / JPY Consolidates Recent Gains to Multi-Year […]
The sale of dollars stops, focus on the inflation data of the euro zone and Canada
This is what you need to know to trade today Wednesday, October 20: The dollar managed to erase a large part of its losses thanks to the recovery in US Treasury yields on Tuesday, but struggled to find demand against its risk-sensitive rivals. Market mood appears to have turned cautious on Wednesday as investors await […]
Fed will wait until 2023 to raise rates, but risk of previous hikes – Reuters poll
“The Federal Reserve will wait until 2023 before raising interest rates“according to economists in the Reuters poll conducted October 12-18. The survey results also mention” a persistently higher inflation over the next year”As a major risk to the US economy. Featured Comments: Forty of the 67 economists said the federal funds rate would increase from […]
Forex Today – Asian Session: Risk Appetite Drives Returns As Investors Fight For A Catalyst
What you need to know on Wednesday, October 20: The US dollar fell slightly against high-yielding rivals and remained sideways against those considered safe havens as market sentiment improved somewhat. Global indices closed higher, with speculative interest ignoring tepid macroeconomic figures. The EUR / USD pair hit a three-week high of 1.1669, but ended the […]
GBP / JPY rises to new multi-year highs, above 157.50
A combination of factors pushed GBP / JPY to new multi-year highs on Tuesday. Recent aggressive signals from the Bank of England continued to prop up the British pound. The risk appetite mood undermined the safe haven JPY and contributed to the rally. The crossing GBP/JPY added to its intraday gains and shot to the […]
Movement Above 50% Fibonacci Sets The Stage For Additional Gains
The NZD / USD gains strong traction for the fifth day in a row on Tuesday. The sustained breakout of the confluence hurdle at 0.7100 favors the bulls. Overbought conditions warrant some caution before opening new bullish positions. The NZD / USD pair has continued to move higher during the European session on Tuesday and […]
The dollar loses ground with the return of risk flows to the markets
This is what you need to know to trade today Tuesday, October 19: Tailored that the risk flows return to the markets, the greenback continues to weaken against its rivals, with the dollar index U.S dropping to fresh three-week lows near 93.60. In addition, the yield on 10-year US Treasuries has fallen more than 1%, […]
USD / CAD clings to modest recovery gains near 1.2400, lacks tracking
The USD / CAD gained positive traction on Monday and broke four days of the losing streak. A strong rebound in USD demand was seen as a key factor providing a modest increase. Rising crude oil prices propped up the loonie and kept any significant gains in check. The pair USD / CAD it maintained […]