Optimism in the markets boosts stock markets and weakens the dollar. Wall Street index futures climb more than 1%. Metals, cryptocurrencies and oil advance. Equity markets are rising strongly, on a better mood in the markets due to economic data from Europe, the expectation of an easing of restrictions in China and a general correction. […]
Tag: AppetiteRisk
USD/CHF rises above 0.9250 to fresh daily highs amid positive risk sentiment
USD/CHF attracts some buying on Monday, but lacks continuation. A positive risk tone weighs on the safe haven CHF and offers some support to the pair. The subdued demand around the USD limits any significant gains amid uncertainty over Ukraine. The pair USD/CHF moves with a slight positive bias during the first half of the […]
NZD/USD maintains slight daily gains, upside potential seems limited
NZD/USD attracts some buying on Monday amid subdued USD action. The war in Ukraine and aggressive Fed expectations should help limit USD losses. The fundamental backdrop warrants some caution for aggressive bulls. The pair NZD/USD maintains its modest intraday gains during the first half of the European session on Monday, holding positive around the 0.6925/30 […]
GBP/USD bounces back above 1.3150, 21 DMA still offers stiff resistance
GBP/USD has recovered above 1.3150 on Wednesday as geopolitical optimism weighs on the dollar. But the pair is struggling to emulate the EUR/USD and break above its 21 DMA, a possible bearish sign. The BoE’s recent dovish move and subsequent unfavorable moves in yield spreads have diminished sterling’s appeal and continue to weigh. Rather than […]
AUD/USD gives back early gains and holds steady above 0.7500
AUD/USD gains positive traction on Wednesday, although it lacks continuation buying. Peace hopes in Ukraine cap commodity prices and weigh on AUD. Risk appetite and a pullback in US bond yields weigh on the USD. The pair AUD/USD has given back its early gains and retraced to the lower end of its daily range during […]
Forex Today – Asian Session: Dollar Slumps With New Hopes
What you should know on Wednesday, March 30: The dollar tumbled along with other safe-haven assets amid renewed hopes for a diplomatic solution to the conflict between Russia and Ukraine. Risk appetite increased following headlines indicating a reduction in Russian attacks around Kyiv and Chernihiv, Russian mediator Vladimir Medinsky announced. Ukraine has suggested a new […]
AUD/USD falls to multi-day lows
AUD/USD fell for the second day in a row, although the decline remains limited. Ukraine diplomacy hopes weighed on commodities and the Australian dollar. Risk-off momentum undermined the safe-haven USD and extended support for the pair. The pair AUD/USD witnessed aggressive selling during the mid-European session and fell to a four-day low around 0.7450 within […]
GBP/USD recovers and rises towards 1.3150 amid USD weakness
GBP/USD staged a solid rebound from two-week lows hit earlier this Tuesday. Risk-off momentum weighed heavily on the safe haven USD and extended support for the pair. Aggressive Fed Expectations, Rising US Bond Yields Could Limit USD Loss and Cap GBP/USD. USD intraday selling accelerated during the mid-European session and pushed the pair higher GBP/USD […]
USD/CAD falls below 1.2500 amid a rally in oil prices and a weaker USD
A combination of factors is dragging USD/CAD back below the 1.2500 level on Tuesday. A rebound in oil prices benefits the CAD and puts pressure on the pair amid modest dollar weakness. Aggressive expectations from the Fed and rising US bond yields should support the USD and limit losses for the pair. The pair USD/CAD […]
AUD/USD steady near yearly high, sideways above 0.7500
AUD/USD was seen to consolidate its recent strong gains posted over the last two weeks or so. The Fed’s hawkish outlook acted as a tailwind for the USD and kept a cap on any significant gains. Playing a risk-on positive tone, bullish commodity prices provided some support for the resource-linked Aussie. The pair AUD/USD traded […]