A combination of divergent factors does not provide any boost to USD / JPY on Friday. Covid-19 concerns and risk-off sentiment benefit the safe-haven JPY and limit the pair’s gains. Expectations that the Fed will start to reduce its bond buying soon act as a tailwind for the USD. The pair USD/JPY it lacks a […]
Tag: Aversion risk
Dollar takes break from Delta and Fed concerns, cryptos rise and oil extends falls
This is what you need to know to trade today Friday August 20: Markets have returned to risk-off sentiment, driven primarily by rising covid cases in the United States, Germany, Japan, and elsewhere. However, the dollar has stabilized, consolidating the gains of previous days. Speculation about the Fed’s tightening remains frequent. Cryptocurrencies are holding onto […]
Forex Today – Asian Session: The Dollar Strengthens Further As Investors Shun High Yield Assets
What you need to know on Friday, August 20: Substantial demand for safety pushed the USD higher against most major rivals, with EUR / USD and AUD / USD falling to new 2021 lows. The USD / CAD pair is trading at its highest since January, while GBP / USD is at new August lows. […]
USD / CAD clings to gains near 1-month highs, above 1.2750
A combination of support factors pushed USD / CAD to near month-long highs on Thursday. The Fed’s phase-down plan and risk aversion acted as a tailwind for the safe-haven dollar. An extension of the drop in crude oil prices undermined the loonie. The pair USD / CAD it now appears to have entered a bullish […]
AUD / USD remains vulnerable near multi-month lows, just above 0.7150
A combination of factors dragged AUD / USD lower for the fourth consecutive session on Thursday. The worsening COVID-19 situation and risk-scared mood weighed on the Aussie perceived as riskier. The Fed’s phase-down plan acted as a tailwind for the dollar and also contributed to the slide. The pair AUD/USD it maintained its strongly offered […]
AUD / USD falls below 0.72 for the first time since November 2020
AUD / USD sellers extend control below 0.7200. The strength of the dollar and risk aversion bring down the Aussie. Upbeat Australian jobs are ignored amid nervousness over COVID. The bulls of the US dollar remain in control at the start of the European session on Thursday, dropping the AUD / USD pair below the […]
Dollar rises on speculation on Fed taper and covid concerns, commodity currencies crumble
This is what you need to know to trade today Thursday 19 August: The US dollar has been rising after the Fed meeting minutes suggested tapering is on the agenda. EUR / USD hit the lowest level since November 2020 and the Australian dollar does not benefit from the optimistic employment figures. Gold is under […]
USD / JPY struggles to find direction and consolidates around 109.50
USD / JPY oscillates in a range during the early part of Wednesday’s trading action. The nervousness around covid-19 benefits the safe haven JPY and acts as a headwind for the pair. A rally in US bond yields offsets a modest USD weakness and provides support for the pair. The pair USD/JPY lacks a firm […]
Bears take control near the lowest level since November 2020
-637648048838448409.png "Bears take control near the lowest level since November 2020")
AUD / USD witnessed strong selling on Tuesday and broke the 0.7300 support. The setup favors bearish traders and supports prospects for an extension of the slide. The next relevant bearish target is pegged near 0.7200. The pair AUD/USD It continued to lose ground during the first hours of the American session and fell to […]
USD / CAD clings to gains near multi-week highs above 1.2600
A combination of factors helps the USD / CAD gain traction for the second day in a row. The decline in oil prices weighs on the CAD and supports the pair’s upward move amid modest USD strength. Investors await US retail sales and Fed Chairman Powell’s speech for fresh momentum. The pair USD / CAD […]
