USD/JPY attracted some buying on the dips on Tuesday, although the rally was not followed up. The widening of the US and Japanese bond yield spread continued to act as a tailwind for the pair. The Ukraine crisis extended support for the JPY as a safe haven and capped any significant gains. The pair USD/JPY […]
Tag: Fed
AUD/USD consolidates rally to highest level since June 2021
AUD/USD jumped to a new yearly high in reaction to the aggressive comment from the RBA on Tuesday. The Ukraine crisis underpinned commodities and further benefited the resource-linked Australian dollar. Technical buying above 0.7600 also contributed to the strong intraday move higher. The pair AUD/USD it maintained its strong tone offered during the middle of […]
USD/CAD falls towards 1.2450, near the yearly low hit last week
A combination of factors is dragging USD/CAD lower for the second day in a row. The war in Ukraine benefits the CAD and puts some pressure on the pair. A modest USD weakness further contributes to the selling tone around the pair. Aggressive Fed expectations should limit USD decline and offer some support. The pair […]
Dollar Stabilizes Amid Cautious Optimism, Focus on US Services PMI
This is what you need to know to trade today tuesday april 5: Risk sentiment continues to improve at the start of the European session, although a sense of caution prevails amid further sanctions talk of the West for Russian atrocities against Ukrainian civilians. Investors are also weighing expectations from the Fed, versus the inversion […]
XAU/USD under pressure near $1,930 amid firmer USD
Gold price attempts a rebound amid mixed market sentiment and a rally in US Treasury yields. The West will punish Russia as the USD maintains its recent advance ahead of the ISM Services PMI. Gold price lacks clear directional bias as focus shifts to Fed minutes. Gold price is attempting a bounce back to the […]
EUR/USD consolidates near weekly lows below 1.1000
EUR/USD has fallen to around 1.0970 amid de-escalation in the Russia-Ukraine peace talks. Moscow may receive further sanctions from the West for civilian deaths in Bucha, Ukraine. The USD strengthens amid growing odds of a 50 basis point interest rate hike by the Fed. The pair EUR/USD has moved lower as escalating tensions between Russia […]
USD/CAD flirts with daily low below 1.2500 amid intraday surge in oil prices
USD/CAD saw fresh selling on Monday and broke two days of winning streak. The strong intraday rally in oil prices underpinned the Canadian dollar and exerted downward pressure. Fed rate hike expectations, Ukraine crisis benefited USD and should limit losses. The pair USD/CAD remained depressed early in the American session and was last seen flirting […]
AUD/USD steady above 0.7500, focus shifts to RBA on Tuesday
AUD/USD regained positive traction on Monday, although the rally lacked bullish conviction. Aggressive Fed expectations, Ukraine crisis underpinned safe haven USD and capped gains. Investors also seemed reluctant to make directional bets ahead of Tuesday’s RBA decision. The pair AUD/USD it maintained its tone offered earlier in the North American session and was last seen […]
EUR/USD about to break below the 21 and 1.1000 DMA
EUR/USD appears to be about to break below its 21 DMA and the 1.1000 level. Calls for an EU-wide boycott of Russian energy imports have increased as evidence of Russian war crimes in Ukraine emerges. That is weighing on the EUR as hawkish vibes from the Fed continue to support the USD, with EUR/USD bears […]
GBP/USD breaks below 1.3100, heads towards key support amid buoyant dollar
GBP/USD trades with a downward bias as the Euro underperforms and the 21-day DMA continues to act as a ceiling. A break down to test last week’s lows of 1.3050 is on the cards, with bears eyeing yearly lows of 1.3000 as well. Following the Fed’s aggressive line comments over the weekend and possibly more […]
