The USD continues to lose against the Japanese Yen. The US ISM PMI manufacturing price index jumped to 78.1 from 68.1. USD/JPY is biased to the upside, despite a 1% drop since Friday of last week. During the American session, the USD/JPY extends its losses to three days, losing 0.26%. At press time, the pair […]
Tag: Fed
NZD/USD rises back above the 0.6600 level
NZD/USD rose above 0.6600 on Tuesday as the Kiwi outperformed on the back of strong New Zealand trade data and USD weakness. New Zealand’s monthly trade deficit saw a significantly larger-than-expected decline in December to below NZD 500m (vs. NZD 700m forecast) from previously above NZD 1tn, are helping the NZD to outperform on Tuesday. […]
NZD / USD clings to gains recovery around the 0.6580 area, no follow-up
NZD/USD gained some positive traction on Monday and snapped a seven-day losing streak. The USD witnessed some profit taking from a 19-month high and extended some support to the pair. The Fed’s aggressive stance and cautious market mood should help limit USD losses and cap the pair. The pair NZD / USD it maintained its […]
USD/CHF remains well supported above 0.9300, near weekly highs and eyeing 2021 highs
USD/CHF has remained well supported above 0.9300, ignoring strong Swiss data and not reacting to US data. The pair is trading up about 2.2% on the week and trading near weekly highs at 0.9335. USD/CHF is now eyeing a test of 2021 highs in the 0.9370 zone. The USD/CHF it has remained well supported above […]
EUR/JPY recovers from 1-month lows at 127.20, but negative trend persists
EUR/JPY recovered from the 128.20 lows to the 128.75 area, but is nonetheless trading lower as the recent negative bias continues. Many technicians, perhaps anticipating the continued demand for the yen as a safe haven, will point to a test of the December lows of 127.50. Although the pair recovered from its previous session lows […]
NZD/USD remains stable at the 0.6725 zone
After falling sharply during the US session on Thursday and Apac on Friday, the NZD/USD has stabilized in the 0.6725 area. Next week’s Fed meeting and New Zealand CPI data will be the key events to watch. NZD/USD will be watching for a test of the 0.6700 level. After falling sharply late Thursday/early Friday morning […]
AUD/USD consolidates near 0.7200 level as risk-off flows weigh in, but key uptrend still offers support
AUD/USD is currently trading near the 0.7200 level as dovish global risk appetite weighs on the Aussie. For now, a key long-term uptrend from mid-December continues to offer support. The AUD/USD consolidated near 0.7200 and above a key long-term uptrend during the US session on Friday, after pulling back sharply from Thursday’s highs at 0.7270 […]
USD/CAD remains well supported just above the 200 DMA at 1.2500
USD/CAD remains well supported above the 200 DMA at 1.2500 as risk aversion flows cap the Canadian dollar higher. Weak Canadian Retail Sales data and the New Home Price Index have not moved the loonie. Markets are focused on next week’s Fed and BoC meetings. The USD / CAD has remained well supported above its […]
USD/JPY recovers part of early losses to weekly lows, still below 114.00
USD/JPY continues to lose ground for the third day in a row and falls to a new weekly low. Risk-off sentiment benefited the safe-haven JPY and puts pressure on the pair amid retreating bond yields. The Fed’s bullish expectations act as a tailwind for the USD and help limit any further losses. The pair USD/JPY […]
GBP/JPY pulls back to 155.60 amid stock market weakness after failing to hold above 156.00
After briefly moving back above 156.00, GBP/JPY fell back to 155.60 in recent trading, following the stock market’s downward trend. If risk appetite remains strong ahead of next week’s Fed meeting, the GBP/JPY pair may remain under pressure. The GBP/JPY spent most of Wednesday’s session trading sideways within the 155.50 to 156.20 range, with the […]
