This is what you need to know to trade today Wednesday, December 8: The growing scientific evidence that the new variant of covid Ómicron is less aggressive and therefore could represent a limited risk to the global economic recovery, continues to support market sentiment. Asian stocks followed the Wall Street rally the day before, while […]
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AUD / JPY targets the 81.00 level as the recovery continues, now rising more than 2.0% on the week
AUD / JPY continues its impressive winning streak on Tuesday’s week that has taken it from below 79.00 to close to 81.00. The pair was driven by a combination of aggressive RBA / risk appetite. The crossing AUD/JPY it continued its impressive rebound that began on Monday through the end of the US session on […]
Forex Today – Asian Session: Optimism Leads, But Will It Last?
What you need to know on Wednesday, December 8: Markets were more active on Tuesday, with optimism leading the way. The hope that the coronavirus-Omicron variant will be milder and not disrupt the economic recovery sent global stocks higher. However, it is too early to say how things will turn out with the new COVID-19 […]
AUD / USD Regains 0.7100 Status, Threatens to Break Technically Bullish Amid RBA Vibrations of Risk and Hawks
AUD / USD rallied to the 0.7100 level on Tuesday amid a broad surge in risk appetite. But strong Chinese trade data and aggressive interpretations of the RBA’s latest policy decision also support the Australian dollar. AUD / USD threatens to break above a key downtrend channel. The AUD has continued to climb during Tuesday’s […]
GBP / USD Updates Daily Lows, 1.3200 Again in Sight Amid Resurgent USD Demand
GBP / USD witnessed an intraday turnaround from around 1.3300 on Tuesday. Aggressive expectations from the Fed continued to prop up the USD and put pressure on the pair. Some subsequent sales below 1.3200 will set the stage for further losses. The USD caught some deals early in the American session and dragged the pair […]
USD / JPY remains stable near a week-long high, comfortably above 113.50
USD / JPY rose to 1-week highs on Tuesday and was supported by a combination of factors. Risk appetite undermined the safe haven JPY and extended some support to the pair. Rising bets on rate hikes from the Fed, the recovery in US bond yields benefited the USD and continued to act as supportive. The […]
EUR / USD falls to week-long lows near 1.1250
EUR / USD moved into negative territory and fell for the second day in a row on Tuesday. Fed expectations continued to prop up the dollar. Economic data of the Eurozone without impact on the euro. EUR / USD fell to a week-long lows near 1.1250 in the European session, although it then attempted a […]
USD / JPY rises to one-week highs around 113.70
USD / JPY gains positive traction for the second day in a row on Tuesday. Risk appetite weighs on the safe-haven JPY and provides a good boost to the pair. A new rally in US bond yields continues to support the pair’s upward move. The pair USD/JPY has moved up the mates and has reached […]
Risk appetite improves as Omicron fears decline and China stimulus
This is what you need to know to trade today Tuesday, December 7: The risk sentiment keeps improving ahead of the opening of the European session, reflected in the gains of the S&P 500 futures. Asian stock markets rebounded with China’s promise to provide supportive measures to increase economic growth. Meanwhile, China’s real estate shares […]
GBP / JPY firmly bounces off key 149.00 zone as broad risk appetite picks up
GBP / JPY saw a solid bounce on Monday along with a broad rebound in risk appetite. The pair bounced off the key 149.00 zone and a more dovish BoE may keep gains limited. Technicians will observe a key resistance area at 152.50. The GBP/JPY It has seen a solid recovery on Monday from the […]