The Reserve Bank of Australia is expected to reverse its quantitative easing while maintaining its current bond yield target when it meets next month to make “tactical decisions.”former board member John Edwards said early Wednesday. Key Comments: “It’s something they have to do sometime and things have gone much more favorably than their previous forecasts. […]
Tag: Bonds
GBP / USD steadily rises to new session highs, around the 1.4170-75 area
GBP / USD drew some buying on the dips on Monday and turned positive for the second day in a row. The rally lacked an obvious catalyst and is likely to remain limited amid modest USD strength. Sustained strength is needed beyond 1.4200 to support the prospects for additional earnings. The pair GBP/USD it managed […]
USD / JPY remains negative near horizontal support at 109.35-30
USD / JPY extends post-NFP losses and falls for the second day in a row. A cautious sentiment benefits the safe haven JPY and puts some pressure on the pair. A good recovery in US bond yields benefits the USD and could help limit losses. The pair USD / JPY remains under pressure during the […]
GBP / USD declines returning near session lows around 1.4150 after US data.
GBP / USD failed to sustain modest intraday gains inspired by UK PMI at 1.4200. A combination of factors continued to prop up the USD and limited the pair’s rise. The better-than-expected US ADP report, jobless claims did little to provide a significant boost. The pair GBP/USD It struggled to capitalize on its positive intraday […]
USD / CAD near daily highs around 1.2060, bullish oil prices limit gains
USD / CAD gains some positive traction Thursday amid widespread USD strength. A modest rally in US bond yields and cautious sentiment in markets offer some support for the USD. Bullish oil prices could continue to prop up the CAD and limit the pair’s rise. The intraday buying of the USD has accelerated at the […]
USD / JPY clings to gains near daily highs around 109.75-80 region
USD / JPY captures some new buying on Thursday amid a good recovery in USD demand. The recovery in US bond yields provided a modest boost to the USD and continued to support the pair’s upward move. Softer risk sentiment could prop up the safe-haven JPY and limit any further gains in the pair. The […]
AUD / USD falls to fresh three-week lows around 0.7675 after US data.
A strong recovery in USD demand triggered a sharp sell around AUD / USD on Friday. The already stronger dollar received an additional boost thanks to upbeat core inflation data from the PCE. Risk appetite in the stock markets could help limit losses for the perceived risky Aussie. The AUD/USD it has lost 25 pips […]
NZD / USD extends pullback from multi-month highs and dips below 0.7250
The NZD / USD witnesses a strong sell on Friday and breaks a four-day winning streak. Rising US bond yields help reignite demand for the USD and cause the pair to drop. Risk appetite could help limit losses ahead of key US inflation data on Friday. The pair NZD / USD it has continued to […]
GBP / USD with modest losses below 1.4200 level, decline appears limited
GBP / USD is moving lower on Friday and returns a portion of the strong gains from the previous day. Rising US bond yields revive demand for the USD and put some downward pressure. The upbeat UK economic outlook and upbeat comments from Vlieghe help limit losses. The market’s focus is on the publication of […]
USD / CHF rises to week-long highs, seeks to extend momentum above 0.9000
USD / CHF gained traction for the second day in a row and rose to new weekly highs. Risk appetite undermined the safe haven CHF and provided a modest boost to the pair. The rally in US bond yields provided some support for the USD. The pair USD/CHF it updated weekly highs during the early […]
