The oversold RSI on the hourly charts helped the AUD / USD rebound from the support of the descending channel. Expectations of an aggressive Fed, risk aversion momentum propped up the USD and could limit the upside. Any further recovery could face stiff resistance near 0.7300 and remains limited. The pair AUD/USD managed to recoup […]
Tag: Aversion risk
Pulls away from 4-week lows, bearish bias remains amid sustained USD buy
GBP / USD witnessed strong selling for the third day in a row and fell to nearly a month’s lows. The extremely oversold RSI on the hourly charts helped cap any further losses, at least for the moment. The bears could still aim to challenge the 1.3600 mark before the yearly lows, around the 1.3570 […]
Rebounds to new one-month highs, past 1.2850
A combination of factors continued to push USD / CAD higher for the third day in a row. A broad-based USD strength, falling oil prices continued to support the strong bullish move. The setup supports the prospects for a move towards a retest of the yearly highs, around 1.2950. The pair USD / CAD It […]
GBP / USD falls to multi-week lows just above 1.3650
GBP / USD is witnessing strong selling for the third day in a row and falls to multi-week lows. The Fed’s optimistic expectations and risk aversion in the markets drive the safe-haven USD. The FOMC’s decision should give new directional momentum ahead of the BoE on Thursday. The pair of GBP/USD continues to lose ground […]
USD / JPY falls to fresh daily lows around 109.75-70 amid risk aversion
USD / JPY receives some selling on Monday and breaks a two-day winning streak. Risk aversion benefits the safe haven JPY and puts some pressure on the pair. The Fed’s optimistic expectations act as a tailwind for the USD and could help limit the pair’s slide. The pair USD/JPY has extended its constant intraday decline […]
USD / CAD jumps to nearly a month highs above the 1.2800 level
A combination of factors is pushing USD / CAD higher for the third day in a row. Weaker oil prices weigh on the CAD and support the pair’s upward move. The Fed’s optimistic expectations and risk aversion benefit the safe-haven USD. The pair USD / CAD spreads its strong intraday gains and rises to one-month […]
No risk like Lehman with Evergrande, but why is the market still concerned? – The Standard
Hong Kong-based news outlet The Standard rules out a Lehman Brothers-like crisis of troubled Chinese real estate developer Evergrande after last week’s speculation about the problem of a debt of more than 300,000 million dollars. However, The Standard goes on to explain why the market is still concerned. Key comments “The main reason is that […]
The dollar rises and everything else falls as the Evergrande crisis weighs on sentiment
This is what you need to know to trade today Monday, September 20: The risk aversion dominates the markets, benefiting the US dollar and weighing on stocks, commodities and cryptocurrencies as well. Evergrande issues in China stand out ahead of the Fed’s decision later this week. Evergrande, the second largest real estate company in the […]
Yellen urges once again to raise the debt limit to avoid a ‘catastrophe’
The United States Secretary of the Treasury, Janet Yellen, renewed his lcall for Congress to raise or suspend the debt ceiling sometime in OctoberBloomberg reported, citing his editorial opinion piece in the Wall Street Journal (WSJ). Featured statements “The overwhelming consensus among economists and Treasury officials from both parties is that Failure to raise the […]
Dollar ignores weak inflation, concerns rise in China and cryptocurrencies rise
This is what you need to know to trade today Wednesday, September 15: Optimism over weaker-than-expected US inflation figures has given way to concerns about the United States and also about the Chinese economy. Updated figures on UK and Canadian inflation and US industrial production are of interest. Cryptocurrencies have been moving higher, while oil […]
