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Tag: Bonds

USD/CAD holds on to modest gains near 1.2850 but lacks continuation

USD/CAD holds on to modest gains near 1.2850 but lacks continuation USD/CAD holds on to modest gains near 1.2850 but lacks continuation

USD/CAD gains some positive traction on Thursday, although it lacks bullish conviction. Weakening crude oil prices seem to weigh on the CAD and offer support to the pair. Falling US bond yields are keeping USD bulls on the defensive and acting as a headwind for the pair. The pair USD/CAD it attracts some buying near […]

USD/JPY remains stable around the 134.00 level

USD/JPY remains stable around the 134.00 level USD/JPY remains stable around the 134.00 level

USD/JPY attracts some buying on Thursday and turns positive for the third day in a row. The divergence between the monetary policy of the Fed and the Bank of Japan continues to weigh on the yen and offers support to the pair. Falling US bond yields keep dollar bulls on the defensive and could cap […]

USD/JPY Price Analysis: Bulls look to take control near weekly highs above 133.50

USD/JPY Price Analysis: Bulls look to take control near weekly highs above 133.50 USD/JPY Price Analysis: Bulls look to take control near weekly highs above 133.50

USD/JPY gains positive traction for the second day in a row and approaches weekly high. Widening US-Japan yield spread and boosting risk appetite undermine safe haven JPY. The bulls appear to be waiting for sustained strength beyond 134.00 before making further bets. The pair USD/JPY receives fresh offers near the 132.30-132.25 zone and is again […]

GBP/USD Price Analysis: Rising channel support around 1.2135 is key for bulls

GBP/USD Price Analysis: Rising channel support around 1.2135 is key for bulls GBP/USD Price Analysis: Rising channel support around 1.2135 is key for bulls

GBP/USD gains some positive traction on Wednesday, although it lacks follow-through. Risk appetite momentum is undermining the safe haven dollar and offering support. Rising US bond yields help limit dollar losses and keep additional gains in check. Investors also appear hesitant ahead of Thursday’s BoE and Friday’s NFP. The pair GBP/USD defends support marked by […]

USD/JPY struggles to find intraday direction, remains flat above 133.00

USD/JPY struggles to find intraday direction, remains flat above 133.00 USD/JPY struggles to find intraday direction, remains flat above 133.00

USD/JPY is struggling to gain significant traction and remains below the weekly high. The modest USD weakness turns out to be a key factor acting as a headwind for the pair. The divergence between the policies of the Fed and the Bank of Japan, along with a positive risk tone, weighs on the JPY and […]

Gold Forecast: XAU/USD Holds on to Gains Near Multi-Week Highs Around $1,780 Zone

Gold Forecast: XAU/USD Holds on to Gains Near Multi-Week Highs Around $1,780 Zone Gold Forecast: XAU/USD Holds on to Gains Near Multi-Week Highs Around ,780 Zone

Gold gains traction for the fifth day in a row and rises to a four-week high on Tuesday. The decline in US bond yields and the risk-off mood continue to provide support for XAU/USD. The USD’s rebound from a multi-week low is acting as a headwind for the commodity. Gold builds on last week’s bullish […]

USD/JPY Price Analysis: Defend 100 DMA, bears still in control below 131.50

USD/JPY Price Analysis: Defend 100 DMA, bears still in control below 131.50 USD/JPY Price Analysis: Defend 100 DMA, bears still in control below 131.50

USD/JPY appears to have entered a bearish consolidation phase near two-month lows. The slightly oversold RSI on the daily chart helped the pair defend the 100 DMA support. Acceptance below the resistance turned support at 131.45 continues to favor the bears. The pair USD/JPY It oscillates in a range around 131.00 in the middle of […]

NZD/USD weakens further below the 0.6300 level

NZD/USD weakens further below the 0.6300 level NZD/USD weakens further below the 0.6300 level

NZD/USD sees fresh selling on Tuesday and breaks a four-day gain streak to hit a multi-week high. Cautious market sentiment puts pressure on the risk-sensitive NZD amid a modest USD rebound. Diminishing odds of aggressive Fed rate hikes and falling US bond yields could cap dollar gains. Investors are turning their attention to US job […]

USD/JPY near two-month lows below 131.00 level

USD/JPY near two-month lows below 131.00 level USD/JPY near two-month lows below 131.00 level

USD/JPY continues to lose ground for the fifth day in a row and falls to an almost two-month low. The narrowing of the yield spread between the US and Japan, along with the cautious sentiment, benefits the JPY and puts pressure on the pair. A modest bounce in the USD from its lowest level since […]