USD/CHF rebounds from weekly lows to end the week with gains of 0.73%. From a daily chart point of view, USD/CHF has nowhere to go; probably remain in consolidation. In the short term, a symmetrical triangle on the 4-hour chart of USD/CHF points to 0.9767. The USD/CHF rallies after hitting weekly lows around 0.9577 earlier […]
Tag: Majors
NZD/USD Plunges to Six-Week Lows on Powell’s Remarks, Sentiment Sour
NZD/USD slumps more than 1% on Friday in a risk-off environment. Powell said it will “bring some pain to households and businesses” to achieve the Fed’s 2% target. US inflation readings show signs of peaking, while US consumer sentiment improves. The NZD/USD fell to fresh weekly lows of 0.8150 on Friday, following hawkish comments from […]
USD/JPY recovers 137.00 after Powell’s speech that strengthens the USD
USD/JPY advanced 0.56% on Friday amid a bear market environment. Fed’s Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time” The money market futures odds of a 75 basis point Fed rate hike stand at 56.5%. The USD/JPY advances in the American session, following aggressive comments by Fed Chairman […]
USD/CAD jumps to 1.3000 after Powell’s speech as Wall Street slides
Risk aversion drives the US dollar across the board. Fed Chairman Powell guarantees more rate hikes and a tightening policy until inflation is under control. USD/CAD erases weekly losses after rising almost a hundred pips. The USD/CAD rebounded sharply on Friday after Powell’s speech and amid a sharp decline on Wall Street. The pair rose […]
GBP/USD remains volatile after Powell’s Jackson Hole speech, remains above 1.1800
GBP/USD traded in a range of 1.1820-1.1900 following Powell’s Fed speech. The tone of Fed Powell’s speech was hawkish but cautious, trying not to derail the markets. GBP/USD Price Analysis: Raised towards 1.1900 as Powell finished his speech, but has erased those gains. The GBP/USD reels as Fed Chairman Powell takes the dais at the […]
EUR/USD rises to fresh weekly highs, paring modest gains
EUR/USD hits a daily high of 1.0075, after sources report that ECB members are seeking a 75 basis point rate hike. The Fed’s favorite inflation gauge shows it’s slowing. FOMC Chairman Jerome Powell speaks at the Jackson Hole Symposium – live stream The shared currency regained parity, breaking back above the 1.0020 area on Friday, […]
Forex Today: All eyes on Powell’s Jackson Hole speech
This is what you need to know to trade today friday august 26: Markets remain relatively quiet early on Friday as investors remain on the sidelines waiting for FOMC Chairman Jerome Powell to deliver his keynote address at the annual Jackson Hole Symposium. On Thursday, improving market sentiment made it difficult for the dollar to […]
USD/CHF Price Analysis: Weakened around 0.9635
USD/CHF changes hands below its opening price, despite recovering from daily lows. USD/CHF is range bound as a break of the range top will pave the way above the 0.9700 figure; otherwise, a drop to 0.9550 is anticipated. The USD/CHF falls into negative territory after refreshing five-week highs around 0.9650, courtesy of broad US dollar […]
NZD/USD fails to break 0.6250, remains in a consolidation range
The dollar gains momentum after the US data and as Wall Street trims gains. Market participants await Fed Chairman Powell’s speech. NZD/USD is trading between 0.6250 and 0.6150. The NZD/USD hit a high of 0.6250, the highest level since August 19, and then pulled back towards 0.6200. The decline from the multi-day high took place […]
EUR/USD remains sideways, supported at 0.9950 ahead of Fed Chairman Powell’s speech
US dollar moves sideways on Thursday, DXY posts modest losses. Market participants await Powell’s speech on Friday. EUR/USD rejected above 1.0000, supported at 0.9950. The EUR/USD is moving without a clear direction on Thursday in anticipation of a key speech by Jerome Powell at the Jackson Hole symposium. The pair failed to hold above parity […]
