USD/CHF is down for the fourth day in a row amid broad-based USD weakness. Risk appetite weighs on safe-haven CHF and helps limit losses for the pair. The Fed’s dovish outlook supports expectations of some USD buying. The pair USD/CHF now appears to have entered a bearish consolidation phasetrading in a range just a few […]
Tag: AppetiteRisk
USD/JPY bounces off daily lows, remains capped below 122.00
USD/JPY corrects sharply from a new multi-year high hit early this Friday. Modest USD weakness turns out to be a key factor motivating some profit-taking in the pair. Monetary policy divergence between the Fed and BoJ and high US bond yields help limit losses. The pair USD/JPY has quickly recovered from the daily low of […]
AUD/USD remains defensive near 0.7450, downside remains limited
AUD/USD witnessed a modest intraday pullback from the new yearly high hit on Wednesday. Fed hawkish outlook, high US bond yields underpinned USD and capped upside. The crisis between Russia and Ukraine weighed on investor sentiment and also benefited the safe-haven dollar. Upward pressure on commodity prices helped limit deeper losses for the Australian dollar. […]
USD/CAD recovers from two-week lows, trades around 1.2600
USD/CAD recovers from two-month low, jumps off 200 DMA around 1.2600 USD/CAD gained some positive traction on Wednesday and snapped a six-day losing streak. The intraday recovery from the two-month low was fueled by a modest pickup in USD demand. Rising oil prices underpinned the loonie and could limit any significant gains for the pair. […]
USD/CHF maintains modest gains around 0.9350, lacks bullish conviction
USD/CHF regains positive traction on Wednesday amid the appearance of some buying around the USD. High yields on US bonds and the Fed’s aggressive outlook continue to benefit the dollar. A modest pullback in equity markets benefits the safe-haven CHF and caps the pair’s upside. The pair USD/CHF moves higher during the European session on […]
NZD/USD corrects from multi-month highs, slide looks supported amid positive sentiment
NZD/USD is witnessing a modest pullback from a four-month high hit earlier this Wednesday. High US bond yields benefit the USD and cause some intraday profit taking in the pair. Risk appetite and rising commodity prices should help limit NZD losses. The pair NZD/USD moves lower early in the European session and falls to a […]
GBP/JPY soars above 160 for the first time since 2016, returns to pre-Brexit levels
GBP/JPY staged a historic rally on Tuesday, breaking through resistance at 158.00 to hit more than five-year highs above 160.00. That marked a 1.9% gain, the best rally for the day since November 2020. Tuesday’s bullish momentum sees the pair’s gains for the month now stand at almost 4.0% as rising stocks/yields hurt the yen. […]
NZD/USD rallies towards 0.6950, hits highest level since late November
NZD/USD hit its highest level since late November in the 0.6950 area on Tuesday. Tuesday’s kiwi rally comes amid strong risk appetite and broad bullish momentum across the global equity space. NZD also has the added tailwind of one of the most aggressive G10 central banks in the RBNZ. The NZD/USD it rose to the […]
GBP/USD rises near two-week highs, climbs towards 1.3250
GBP/USD hit a nearly two-week high above the 1.3200 level on Tuesday, rising as much as 0.7% to 1.3250. The pair has been supported by the strength of risk appetite as global equities rise, resulting in a weaker USD. GBP/USD break above 1.3160-1.3200 resistance could be a key technical level but UK fundamentals are weak. […]
Zelenskyy says he is ready to discuss Ukraine’s commitment not to join NATO
The Associated Press (AP) has reported comments by Ukraine’s President Volodymyr Zelenskyy, when he said: “Late on Monday, he was prepared to discuss a commitment by Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of Russian troops and a guarantee of Ukraine’s security.“. Additional comments It’s a commitment for all: […]
