The upside bets for a further rate hike in the RBNZ took the NZD / USD to more than four-month highs. The rally in US bond yields helped reignite demand for USD and limited the pair’s rise. Any significant corrective decline could be seen as a buying opportunity. The NZD / USD pair traded with […]
Tag: Bonds
USD / CAD near multi-month lows around 1.2350 ahead of Canadian CPI
USD / CAD lacks a firm directional bias and remains trapped in a range on Wednesday. The rally in US bond yields revives demand for the USD and offers some support for the pair. A modest decline in crude oil prices weighs on the CAD ahead of the Canadian CPI report. The pair USD / […]
USD / JPY consolidates recent gains to multi-year highs, remains stable near 114.50
USD / JPY jumped to new multi-year highs during the early part of trading action on Wednesday. Risk appetite and a further widening of the US-Japan bond yield spread weigh on the safe-haven JPY. Moderate USD demand limits any further gains amid short-term overbought conditions. The pair USD / JPY Consolidates Recent Gains to Multi-Year […]
USD / CAD clings to modest recovery gains near 1.2400, lacks tracking
The USD / CAD gained positive traction on Monday and broke four days of the losing streak. A strong rebound in USD demand was seen as a key factor providing a modest increase. Rising crude oil prices propped up the loonie and kept any significant gains in check. The pair USD / CAD it maintained […]
Falls to daily lows near 0.7380
AUD / USD is witnessing a modest pullback on Monday from near multi-week highs. Renewed USD demand and softer risk appetite put pressure on the higher perceived risk AUD. A mixed media setup warrants some caution before opening aggressive directional positions. The AUD / USD pair has struggled to capitalize on its modest initial gains […]
NZD / USD retraces from month-long highs and falls to the 0.7050 region
The NZD / USD is witnessing an intraday pullback from the month-long highs hit early Monday. Optimum expectations from the Fed and the rebound in US bond yields help reignite demand for the USD. A softer risk appetite further benefits the safe-haven USD and puts some pressure on the pair. The pair NZD / USD […]
XAU / USD falls back to $ 1,780 amid strong rally in US bond yields
A combination of factors triggers some selling around gold on Friday. Risk appetite and the rally in US bond yields weigh on the XAU / USD. A weak USD price action could lend some support to the yellow metal. After failing to conquer the $ 1,800 level on Thursday, gold has seen some selling on […]
AUD / USD clings to gains near five-week highs around 0.7420
AUD / USD gains some continuation traction on Friday and jumps to five-week highs. A modest USD weakness and risk appetite benefits the higher perceived risk AUD. The rally in US bond yields helps limit losses around the USD and limits the pair’s gains. The pair AUD/USD has rocketed to new five-week highs at the […]
The selling of the dollar stops with the recovery of the yields, focus on US data.
This is what you need to know to trade today Thursday October 14: Fluctuations in U.S. Treasury yields continue to drive the dollar’s valuation and the overall market mood remains cautiously upbeat on Thursday. The greenback is consolidating Wednesday’s losses as the focus shifts to US mid-level data releases: weekly jobless claims and September’s producer […]
GBP / JPY rises to the highest level since the end of June and points to a move above 155.00
GBP / JPY gains strong positive traction for the fifth day in a row on Wednesday. Positive Brexit news and bullish signals from the BoE act as a tailwind for the British pound. The recent widening of the yield differential between the UK and Japan continued to support the upward move. The crossing GBP / […]
