Gold managed to attract some buying on Wednesday’s dips amid the risk aversion boost. A stronger USD limited any significant upside potential for the dollar-denominated commodity. Investors also seem reluctant to place aggressive bets ahead of Friday’s NFP report. The oro it reversed an intraday slide to multi-day lows and again approached the upper end […]
Tag: Aversion risk
GBP / USD cuts intraday losses, remains bearish below 1.3600
A broad-based USD strength sparked some selling around GBP / USD on Wednesday. The positive ADP report continued to support the strong offered tone surrounding the USD. A modest drop in US bond yields capped the dollar and helped limit the pair’s losses. The pair GBP/USD managed to rally around 35-40 pips from daily lows […]
AUD / USD remains bearish near 0.7250 following ADP report
AUD / USD saw some selling on Wednesday and broke four days of the winning streak. A strong follow-up on the USD buy, the risk reduction momentum weighed on the Australian perceived as more risky. The better-than-expected US ADP report continued to support the offered tone surrounding the USD. The pair AUD/USD remained depressed in […]
NZD / USD falls to fresh weekly lows below 0.6900 level
NZD / USD witnesses aggressive selling on Wednesday amid broad USD strength. The RBNZ’s decision to raise interest rates does little to impress bulls or lend support to the pair. Risk aversion also helps drive money flows away from the higher perceived risk NZD. The pair NZD / USD has fallen to new weekly lows […]
GBP / USD retreats near weekly lows and dips below 1.3550
GBP / USD witnesses strong selling on Wednesday and breaks four days of gains. A combination of factors pushes the USD higher and puts pressure on the pair. Investors are looking forward to the US ADP report on private sector employment for a fresh boost. The pair GBP/USD continues to lose ground during the European […]
AUD / USD falls to fresh weekly lows around 0.7225 region
A broad USD strength triggers aggressive selling around AUD / USD on Wednesday. Upbeat expectations from the Fed, rising US bond yields, and risk aversion benefit the USD. A sustained break below the 0.7200 level will lay the groundwork for an extension of the slide. Buying around the US dollar has rebounded during the European […]
The energy crisis and the rise in yields boost the dollar, focus on the employment ADP
This is what you need to know to trade today Wednesday 6 October: The market mood has soured on Wednesday after a positive Tuesday. Rising energy costs and an upward break in US yields are hitting stocks bidding on the dollar, even against the kiwi, which the rate hike did not help. ADP employment data […]
Energy and Facebook woes fuel dollar flight, focus on US data and debt ceiling
This is what you need to know to trade today Tuesday, October 5: Markets have been rocked by rising energy prices and massive Facebook downtime. The safe haven dollar is on the rise and now awaits the ISM services PMI. Uncertainty about the US debt ceiling and Chinese issues is also in focus. Shiba stands […]
NZD / USD rises returning near 0.7000, 4-day highs
The NZD / USD gained strong positive traction for the third consecutive session on Monday. Widespread USD weakness continued to support ongoing positive momentum. A combination of factors could help limit losses in USD and gains for the pair. The intraday selling of the USD accelerated during the middle of the European session and pushed […]
AUD / USD rises to four-day highs, just below 0.7300 amid weaker USD
AUD / USD gained tracking traction for the third consecutive session on Monday. The current decline in the USD retracement was seen as a key factor driving the pair higher. A combination of factors could limit the rise ahead of the RBA’s decision on Tuesday. The pair AUD/USD It rose to four-day highs during the […]