USD / JPY struggles to capitalize on its initial rally to highs of more than a month. Falling US bond yields weigh on the USD and limit the pair’s gains. The pessimistic comments from Kuroda, governor of the BoJ, should help limit any significant decline. The pair USD/JPY it lacks a firm directional bias and […]
Tag: Bonds
NZD / USD clings to modest intraday gains but lacks continuation
A combination of factors helps the NZD / USD gain positive traction on Thursday. The pullback in US bond yields keeps USD bulls on the defensive and offers some support for the pair. The NZD received an additional boost from the New Zealand government’s plans to allow non-quarantine travel. The lack of subsequent buying warrants […]
USD / CAD remains trapped within a range near multi-year lows around the 1.2100 level
A combination of factors helps the USD / CAD to hold steady near the 1.2100 level on Tuesday. A rally in US bond yields and a weaker risk tone propel some safe-haven money flows into the USD. Falling crude oil prices weigh on the CAD and offer some support for the pair. The lack of […]
GBP / USD consolidates in a range above the 1.4100 level ahead of Bailey’s speech
GBP / USD consolidates the strong gains of the previous day to the highest level since the end of February. A rally in US bond yields and a weaker risk tone support the USD as a safe haven and limit gains. The drop appears to be supported amid an upbeat UK economic outlook and ahead […]
USD / JPY clings to modest gains below 109.00 level
USD / JPY is moving higher for the second day in a row Tuesday amid stronger USD. A rally in US bond yields acts as a tailwind for the USD and continues to support the pair’s upward move. Risk aversion benefits the safe haven JPY and could limit the pair’s rally. The pair USD/JPY moves […]
XAU / USD retreats from two-week highs, weakening toward the $ 1,780 zone
Gold saw some selling on Tuesday and slashed a portion of overnight gains to two-week highs. Resurgence in USD demand, a modest recovery in US bond yields put some pressure on gold. The oro it maintained its offered tone during the first half of the European session and was last seen hovering near the lower […]
XAU / USD falls to fresh multi-day lows below the $ 1,765-60 support zone and looks vulnerable
Gold is moving lower and reaches new lows of more than a week. A rally in US bond yields benefits the USD and triggers some selling around the XAU / USD. US GDP optimism and risk appetite weigh on the safe-haven precious metal. The oro has seen some aggressive selling at the start of the […]
GBP / USD makes modest gains above 1.3950, little behind US GDP.
GBP / USD gained traction for the fifth day in a row, although a modest rally in the USD limited gains. Better-than-expected first-quarter US GDP figures failed to impress USD bulls or provide any boost. A sustained move beyond 1.4000 is needed to support the prospects for a further move to the upside. The pair […]
AUD / USD retraces from month-long highs, failing again near 0.7815-20 hurdle
AUD / USD is struggling to capitalize on its initial rally to the highest level since March 18. A good recovery in US bond yields eases downward pressure on the USD and limits the pair’s gains. Investors are now waiting for the release of US Q1 GDP for further momentum. The pair AUD/USD It is […]
GBP / USD falls to daily lows around 1.3870-65 region amid stronger USD
A modest pickup in USD demand triggers some selling around GBP / USD on Wednesday. The previous day’s rise in US bond yields offers some support for the USD ahead of the FOMC. The optimistic UK economic outlook could continue to prop up the GBP and help limit deeper losses in the pair. The pair […]
