USD / JPY gained strong follow-up traction on Tuesday and retested the yearly highs. Rising US bond yields acted as a tailwind for the USD and continued to act as support. The risk aversion momentum did not benefit the safe haven JPY, nor did it hinder the momentum. The pair USD/JPY It continued to climb […]
Tag: Bonds
AUD / USD declines further below 0.7250, new daily lows
A combination of factors triggered new selling around AUD / USD on Tuesday. Rising US bond yields, risk aversion boosted the safe-haven dollar. A sustained break below the 0.7220 support will set the stage for further losses. The pair AUD/USD it remained depressed heading into the American session and was last seen hovering around the […]
GBP / USD plummets to two-month lows, below 1.3600
GBP / USD came under intense selling pressure on Tuesday amid widespread USD strength. Rising US bond yields, the risk aversion momentum in the markets lifted the safe-haven dollar. The oversold RSI on the 1 hour chart warrants some caution for bearish traders ahead of Powell. The pair GBP/USD it added to its strong intraday […]
USD / CHF clings to gains near 0.9280 zone, just below week-long highs
USD / CHF gained traction for the third day in a row amid widespread USD strength. Rising US bond yields continued to act as a tailwind for the USD and remained encouraging. Risk aversion benefited the safe haven CHF and limited the upside for the pair. The pair USD/CHF it maintained its offered tone during […]
NZD / USD falls to month-long lows and targets 0.6950 amid stronger dollar
A combination of factors causes aggressive selling around the NZD / USD on Tuesday. Rising US bond yields push the dollar to more than a month high and put pressure on the pair. The aversion to risk helps to move away the monetary flows of the NZD of higher perceived risk. The pair of NZD […]
USD / CAD rallies from lows of more than two weeks and rises again near 1.2650
USD / CAD achieves a modest intraday recovery amid broad USD strength. Rising US bond yields and cautious market sentiment benefit the safe-haven USD. Bullish oil prices act as a tailwind for the CAD and could limit the pair’s gains. The pair USD / CAD has reversed a slide at the start of the European […]
GBP / USD flirts with daily lows, hovers above 1.3650
GBP / USD is under new selling pressure Tuesday amid broad USD strength. Rising US bond yields and risk aversion benefit the safe-haven dollar. The lack of a strong follow-up on selling warrants some caution for aggressive bears. A strong rebound in USD demand has dragged GBP / USD to new daily lows, around the […]
AUD / USD sharply retreats from daily highs and falls to the 0.7265 region amid a stronger dollar
AUD / USD struggled to capitalize and hold its modest gains at higher levels in the 0.7300 region. Rising US bond yields pushed the USD to new month-long highs and sparked new selling around the pair. A cautious sentiment weighs on the higher perceived risk AUD and contributes to the slide. The pair AUD / […]
USD / JPY falls back to 110.30 after hitting highs in several weeks
USD / JPY rises for the third day in a row after having the highest daily close in a month and a half. A slight decline in stocks and Treasury bond yields limited the pair’s gains and favored a decline. The USD / JPY retraced from the six-week highs to the 110.30 zone and was […]
USD / CAD Maintains Gains Near Daily Highs Just Below 1.2700 Level
USD / CAD makes a modest recovery from week-long lows amid renewed buying interest around the USD. A more optimistic Fed, rising US bond yields, and cautious sentiment benefit the safe-haven USD. Bullish oil prices benefit the CAD and limit any further gains in the pair. The pair USD / CAD it is moving higher […]
