GBP/USD attracts some intraday buying on Monday, but lacks follow-through. A modest dollar pullback from two-decade highs offers some support for the pair. The fundamental/technical backdrop still appears to be tilting in favor of the bearish traders. The pair GBP/USD it has bounced slightly from its lowest level since March 2020, around the 1.1445 area […]
Tag: Fed
USD/CAD trims intraday gains, pulls back towards 1.3150 amid oil rally
USD/CAD trims some of its intraday gains, although the decline remains muted. Rising oil prices underpin the loonie and act as a headwind amid a modest USD pullback. Aggressive Fed rate hike bets favor USD bulls and should support the pair. The pair USD/CAD is supported by Friday’s bounce from the 1.3075 area and starts […]
USD/JPY maintains gains near 140.50, just below 24-year highs
USD/JPY receives fresh buying on Monday and approaches its 24-year high again. The general strength of the dollar and the divergence between the policies of the Fed and the BoJ remain supportive for the pair. Bulls are reticent amid thin trading volume due to US holiday. The pair USD/JPY it attracts new buying on the […]
GBP/USD remains defensive below 1.1500 ahead of UK PM
GBP/USD falls to its lowest level since March 2020 and is under pressure from a combination of factors. The gloomy economic outlook for the UK weighs on the British pound amid broad dollar strength. Traders await the UK Prime Minister’s announcement amid relatively tight liquidity conditions. The pair GBP/USD start the new week with a […]
USD/JPY pulls back from multi-decade highs after NFPs
US economy adds 315,000 jobs in August, unemployment rate rises to 3.7%. USD/JPY pulls back on dollar weakness after NFPs. The yen remains under pressure, now due to risk appetite. The USD/JPY it is falling modestly on Friday, having previously reached 140.79, the highest level since 1998. The weakness of the dollar in general weighed […]
Dollar Index Finds New Offers Following Mixed NFP Report
The US dollar is under pressure and scrutiny following the mixed US NFP report. The bears are looking at the weekly chart for clues as to where the dollar might be correcting. The U.S. dollar, measured against a basket of major currencies in the DXY index, faltered after the release of the US Department of […]
USD/CAD approaches 1.3100, downside potential seems limited
USD/CAD pulls back further from a multi-week high and is under pressure from a combination of factors. The rally in crude prices underpins the loonie and sparks some selling amid a weaker dollar. USD intraday selling accelerates after the release of monthly US employment data, which delivered mixed results. Aggressive Fed expectations and recession fears […]
GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable
GBP/USD extends its range-bound price action on the release of monthly US employment data. The dollar fell in reaction to an unexpected rise in the US unemployment rate and softer wage growth. Markets continue to expect a 75 basis point Fed rate hike in September, limiting the USD’s decline. The gloomy outlook for the UK […]
AUD/USD hits fresh daily high after NFP, but loses continuity beyond 0.6850
AUD/USD adds to intraday recovery gains and refreshes daily high in reaction to US mixed employment report. The US economy added 312,000 jobs in August and the unemployment rate unexpectedly rose to 3.7%. Aggressive expectations from the Fed should help limit any significant decline in the USD and cap gains for the pair. The pair […]
USD/MXN falls below 20.00 to a three-day low after US jobs report.
The dollar falls after US employment data. Mixed figures on the evolution of the labor market in August. USD/MXN plummets after data towards 20.00. The USD/MXN fell sharply from 20.13 to 20.01, after the release of the US employment report for August, which pushed the greenback down in the market. The pair hit three-day lows […]
