A combination of factors helped the USD / JPY make a modest bounce from the multi-week lows. A rally in US bond yields helped reignite demand for USD and continued to act as supportive. A weaker tone around equity markets benefited the safe-haven JPY and limited the upside. The pair USD/JPY He maintained his offered […]
Tag: Bonds
GBP / USD retraces from multi-week highs and remains stable below 1.4000 level
Sustained selling around the USD and upbeat UK jobs report pushed GBP / USD to multi-week highs on Tuesday. The recovery in US bond yields offers some support to the USD and limits the pair’s gains. The pair GBP/USD has retraced around 25 pips from the daily highs, returning initial gains and remaining virtually unchanged […]
USD / JPY bounces from multi-week lows and rises to the 108.50 region
A combination of factors helps USD / JPY make a modest bounce from multi-week lows. Risk appetite weighs on the safe-haven JPY and continues to support the pair’s upward move. A rally in US bond yields provides additional boost, while a weaker USD limits the rise. The pair USD/JPY has moved to new daily highs, […]
XAU / USD struggles to find a direction stuck within a range around $ 1,770
Gold is hovering within a tight range at the start of the European session on Tuesday. The nervousness around COVID-19 and the sustained selling around the USD continues to lend some support to the yellow metal. The appetite for risk and the rebound in US bond yields help limit the deepest losses for the precious […]
AUD / USD rises to month-long highs around 0.7785 amid widespread USD weakness
AUD / USD draws some buying near the 0.7700 level and spikes to a month-long high on Monday. Lowering expectations of a Fed rate hike and falling US bond yields weigh on the USD and support the pair’s upward move. Technical buying above the 0.7750-60 region further contributes to the strong intraday bullish move. The […]
GBP / USD rises near the 1.3900 level and approaches two-week highs amid notable USD weakness
GBP / USD gains strong positive traction for the sixth day in a row on Monday. Diminishing expectations of a Fed rate hike continue to weigh on the USD and support the pair’s upward movement. A sustained move above the monthly highs will lay the foundation for additional gains. The emergence of some new selling […]
USD / CAD extends slide below 1.2500 to new one-month lows
The prevailing bearish sentiment around USD triggers further selling around USD / CAD on Monday. Lowering expectations of a Fed rate hike and falling US bond yields continue to weigh on the USD. The technical setup favors the bears and supports the prospects for an extension of the slide. The USD has seen some selling […]
NZD / USD rises to new one-month highs and approaches the 0.7200 level
The NZD / USD captures some buying on Monday amid a new sell bias around the USD. Diminishing expectations of a Fed rate hike and falling US bond yields continue to weigh on the USD. Concerns about rising COVID-19 cases could limit any further gains for the pair. The pair NZD / USD has built […]
USD / JPY struggles below 108.50 at multi-week lows
A combination of factors triggers new selling around USD / JPY on Monday. Risk-off sentiment, falling US bond yields, and a weaker USD all contribute to the pair’s selling bias. The acceptance below the 109.00 level supports the prospects for a further short-term decline. The pair USD/JPY moves lower during the first half of trading […]
Not out of the woods yet, the upside remains limited near 109.00
A combination of factors helped the USD / JPY gain some positive traction on Friday. A softer USD prevented the bulls from making aggressive bets and limited gains for the pair. Acceptance below 109.00 could have set the stage for further weakness. The pair USD/JPY it traded with a slight positive bias during the early […]
