NZD/USD jumped from a six-week low on Monday from around 0.6100. The Fed’s favorite inflation gauge fell, though Powell did not factor in the data, saying a month’s worth of data is not enough to pause. NZD/USD Price Analysis: Still trending down, so a test of year lows around 0.6060 is expected. The NZD/USD rebounds […]
Tag: Majors
USD/JPY Price Analysis: Rebounds to multi-week highs around 139.00
USD/JPY hit a fresh 7-week high at 139.00. Once the 139.00 figure is broken, USD/JPY’s year-to-date high is at 139.38 as the pair heads towards 140.00. The USD/JPY continued its rise, underpinned by rising US Treasury yields, on Monday, amid bearish sentiment fueled by Jerome Powell’s speech last Friday. He reiterated the Fed’s commitment to […]
USD/CHF Hits One-Month Highs Above 0.9700
The Swiss franc is one of the worst performers amid rising yields. USD/CHF breaks out of key range and extends rally. EUR/CHF at the highest level in 11 days. The USD/CHF hangs on to daily profits and hits the highest close in a month. The pair reached a high during the Asian session at 0.9707 […]
AUD/USD climbs above 0.6900, buoyed by Aussie retail sales and US dollar weakness
AUD/USD advanced around 0.25% on Monday, paring some of last Friday’s losses. Last week’s Fed rhetoric capped AUD/USD gains. Australian retail sales were better than expected, boosted by tourism. AUD/USD recovers the 0.6900 figure after hitting a six-week low around 0.6840 in the American session, amid a risk-off environment, spurred by Powell’s Fed hawkish rhetoric […]
EUR/USD Price Analysis Have you made a provisional ceiling?
EUR/USD regains composure after earlier drop near 0.9900. Bullish attempts should find the initial hurdle near 1.0100. EUR/USD reverses early pessimism, including a test of the 0.9900 area on Monday. The recent failure to advance beyond 1.0100 leaves this region as a potential short-term top, while the 0.9900 neighborhood looks to offer decent enough containment […]
DXY Price Analysis: Immediately on the upside comes 109.77
DXY makes new cycle highs near 109.50 on Monday. If it continues to rise, it could revisit the September 2002 high at 109.77. The US Dollar Index (DXY) extends the rally after Powell’s exposure in Jackson Hole to the 109.50 area, while recording new cycle highs. In the short term, the index could continue to […]
Dollar Index looks firmer and hits new 2022 highs near 109.50
The index continues Friday’s advance north of 109.00. US 2-year bond yields rose to new 5-year highs near 3.50%. The dollar, in terms of the Dollar Index (DXY), continues to rise and hit new two-decade highs near 109.50 earlier in the week, an area where it last traded in September 2002. US Dollar Index is […]
USD/JPY turns focus to 139.00 – UOB
The USD/JPY faces a possible move towards the 139.00 region in the coming weeks, say UOB Group FX strategists Quek Ser Leang and Peter Chia. 24 hour outlook: “The USD soared and closed at 137.52 (+0.75%) last Friday before jumping above 138.00 during Asian hours. Although the rapid rally seems to have been overdone, the […]
Forex Today: Dollar Strengthens After Last Week’s Gains on Bets on an Aggressive Fed
This is what you need to know to trade today monday august 29: Following FOMC Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday, the Dollar Index gained strength and posted weekly gains. The index started the new week on a strong note and reached its highest level in two decades near 109.50. […]
EUR/USD: We can see a sustained pullback below 0.9870 – UOB
Forex Strategists UOB Group, Quek Ser Leang, and Peter Chia, suggest that the EUR/USD You risk further losses if the 0.9870 level is breached. 24 hour outlook: “Last Friday we highlighted that the outlook for the euro was mixed and we expected the euro to trade within a range of 0.9925/1.0020. However, the euro rallied […]
