USD / JPY is under intense selling pressure on Wednesday and falls below the 105.00 level. A sharp turn in the equity markets benefits the Japanese yen and puts strong pressure on the pair. The selling tone around the USD does little to offer support or stop the sharp intraday decline. The pair USD/JPY has […]
Tag: Aversion risk
AUD / USD targets September lows of 0.7006 amid pessimistic RBA
AUD / USD has once again been hit by the bearish RBA minutes and comments from Kent. USD bulls hold firm as hopes for US fiscal stimulus fade. The focus is on the September lows of 0.7006, despite the rally in US equity index futures. The pair AUD / USD is extending its four-day losing […]
USD / CAD rises to new one-week highs, slowly approaching 1.3250
USD / CAD gains strong positive traction and recovers to week-long highs on Thursday. Bearish market sentiment benefits the USD as a safe haven and supports the pair’s upward move. A sharp drop in crude oil prices weighs on the CAD and provides additional momentum. The pair USD / CAD continues to move higher at […]
USD / JPY Stable Above 105.00, Lacks Tracking
USD / JPY gained some positive traction on Thursday amid resurgent USD demand. Risk aversion and falling US bond yields kept the pair’s strong gains in check. The pair USD/JPY it maintained its modest gains during the first half of the North American session, although it lacked a solid following and fell around 15 pips […]
UK: Hancock says London will move to high alert level
The infection rate is increasing strongly in London and it has been decided to move the city to a maximum alert level , British Health Secretary Matt Hancock said while speaking in parliament on Thursday, Reuters reports. Additional comments: “It is working with local leaders in Essex y ElmbridgeThey are also moving to the maximum […]
USD / CHF rises near 0.9150, just below weekly highs
USD / CHF regains traction Thursday amid a strong rebound in USD demand. Risk-off sentiment benefits the safe-haven CHF and limits the pair’s gains. The pair USD/CHF has moved higher during the European session on Thursday and has risen near the 0.9150 region, just below the weekly highs reached the previous day. At the time […]