NZD / USD is witnessing moderate and range-limited price action during the European session. The underlying bullish sentiment and renewed selling bias around the USD offer some support for the pair. Investors seem reluctant to open aggressive positions ahead of the FOMC’s latest moratorium policy decision. The NZD / USD pair returns initial gains to […]
Tag: Bonds
USD / CAD remains under pressure below 1.2150
A combination of factors puts some pressure on the USD / CAD for the second day in a row. The recent bullish streak in oil prices continues to prop up the CAD and limit the pair’s gains. A pullback in US bond yields weighs on the USD and helps limit the pair’s gains. Investors are […]
It is too early to discuss the end of the PEPP purchases
It is too early to discuss the end of the Pandemic Emergency Purchase Program (PEPP)said the president of the European Central Bank (ECB), Christine Lagarde, in an interview with Politico. Additional comments “We wait present the results of the strategy review by the end of the summer.” “We are on the road to recovery, directly […]
USD / JPY clings to gains near session highs around 109.50
The USD / JPY caught some new offers on Friday and has now recovered from the losses of the previous day. Risk appetite undermined the safe-haven JPY and maintained its support. The appearance of some buying around the USD provided an additional boost to the main one. The pair USD/JPY it maintained its offered tone […]
GBP / USD rebounds to new session highs, around 1.4150 after the US CPI.
GBP / USD saw a solid intraday bounce from multi-week lows amid renewed USD sell bias. The US CPI report failed to impress the USD bulls or stop the strong bullish move. COVID-19 nervousness could limit any significant hike amid lingering Brexit-related uncertainties. The pair GBP/USD It built on its strong intraday rebound from the […]
AUD / USD rebounds rapidly from US CPI-led slide to weekly lows, jumps to 0.7750
AUD / USD updated weekly lows in reaction to the US CPI report. The CPI rose 0.6% in May and the annual rate rose from 4.2% to 5%. Investors still seem unconvinced that the Fed can begin to reduce its bond purchases. The pair AUD/USD it reversed an instinctive decline to weekly lows and updated […]
USD / CAD consolidates in a range above the 1.2100 level before the US CPI.
A combination of supporting factors does not help the USD / CAD to take advantage of the bounce of the previous day. Investors prefer to wait on the sidelines before the release of US consumer inflation figures. The pair USD / CAD it lacks a firm directional bias and remains trapped within a tight range […]
NZD / USD recovers from weekly lows, rises slightly around 0.7180 area
The NZD / USD reverses a decline in the Asian session to weekly lows, around the 0.7165 region. The rise appears limited amid modest USD strength, ahead of the US CPI report. The pair NZD / USD it managed to bounce over 20 pips from weekly lows and moved slightly higher during the European session […]
USD / JPY remains on the defensive, decline seems limited ahead of US CPI.
USD / JPY is witnessing a modest pullback from the weekly highs, although there is no continuation. A modest USD strength and rally in US bond yields offer some support to the pair. Investors could refrain from opening aggressive positions before the latest US CPI report. The pair USD/JPY moves lower during the European session […]
USD / JPY with modest losses below 109.50
Revival in demand for the safe haven JPY triggers further selling around USD / JPY on Wednesday. Falling US bond yields keeps USD bulls on the defensive and contributes to the pair’s selling bias. The drop appears limited as investors stay on the sidelines ahead of Thursday’s US CPI report. The pair USD/JPY moves slightly […]
