USD/JPY is oscillating in a tight range around the 135.00 level on Tuesday. Recession fears and US-China tensions benefit the safe-haven JPY and appear to cap the pair’s upside. Monetary policy divergence between the Fed and the BoJ benefits the pair ahead of Wednesday’s US CPI report. The pair USD/JPY spreads its consolidation movement sideways […]
Tag: Bonds
Gold Forecast: XAU/USD Flirts With Daily High and Holds Above $1,780 Amid Dollar Weakness
Gold regains positive traction on Monday amid falling US bond yields and dollar weakness. The boost in risk appetite coupled with hawkish expectations from the Fed should cap gains. The market’s focus will continue to be on Wednesday’s US consumer inflation data. Gold manages to attract new purchases on Monday and maintains its constant intraday […]
AUD/USD jumps to 0.7000 zone, trades on multi-day highs
AUD/USD gains strong positive traction on Monday and is supported by a combination of factors. Falling US bond yields undercut the dollar and offer support to the aussie amid boosting risk appetite. Aggressive Fed expectations could limit dollar losses ahead of Wednesday’s US CPI report. The pair AUD/USD it hits a four-day high during the […]
USD/CAD falls to a new daily low and approaches 1.2850 amid USD weakness
USD/CAD is selling off again on Monday amid modest dollar weakness. The pullback in US bond yields and the risk boost are weighing on the safe-haven dollar. Falling oil prices could undermine the loonie and help limit further losses. The pair USD/CAD attracts fresh selling on the first day of a new week and pulls […]
USD/JPY Price Analysis: Pullback from 1-week highs, downside looks limited
The USD/JPY pair has seen a modest pullback from the one-week highs reached this Monday. Pullback in US bond yields keeps dollar bulls on the defensive and acts as a headwind for the pair. The divergence in policy from the Fed and the Bank of Japan should help limit the decline amid a bullish technical […]
The “junk” bonds show that the American economy is avoiding recession
The move in the US corporate junk bond market suggests that the country’s economy may be weakening, but it will not go into recession. Fed officials are pledging to continue aggressive moves against inflation even as the risk of a recession rises, at a time when many analysts believe markets are not paying enough attention […]
USD/JPY approaches 135.00 amid dollar strength inspired by NFP report
USD/JPY recovers to a one-week high in reaction to stellar US jobs data. The US economy added 528,000 jobs in July and the unemployment rate fell to 3.5%. The risk aversion momentum does not benefit the JPY, which is a safe haven, nor does it hinder the strong move higher. The pair USD/JPY receives aggressive […]
GBP/USD approaches 1.2200 ahead of expected Bank of England decision
GBP/USD gains momentum on dollar weakness and hits daily highs near 1.2200. Operators waiting for the decision of the Bank of England. A rise of 50 basis points is expected, the largest in 27 years. The GBP/USD pair rises on Thursday and moves away from the weekly low reached on Wednesday near 1.2100 hit the […]
AUD/USD Approaches 0.7000 Level, Upside Looks Limited
AUD/USD rises for the second day in a row amid the appearance of some selling around the USD. Pulling back US bond yields coupled with a positive risk tone weigh on the safe-haven USD. Recession fears and hawkish Fed expectations should cap USD losses and limit pair gains. The pair AUD/USD extends the previous day’s […]
Gold Price Forecast: XAU/USD surges to new daily highs near $1,775
Gold gains ground for the second day in a row on Thursday amid modest dollar weakness. The decline in US bond yields seems to weigh on the dollar and offers support to the commodity. Prospects for further Fed policy tightening could limit the rally ahead of Friday’s NFP. The Prayed builds on the modest rise […]
