USD / JPY regains positive traction on Wednesday amid renewed buying interest in the USD. A modest rally in US bond yields benefits the USD and supports the pair’s upward move. Investors await the release of the US CPI report for further momentum. The pair USD/JPY remains higher during the early part of the European […]
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GBP / USD is stable around the 1.3900 level before the US CPI.
Renewed buying interest around the USD sparked further selling around GBP / USD on Wednesday. Stable US bond yields and a softer tone in equity markets supported the USD. Investors could refrain from opening aggressive positions before the release of US consumer inflation figures. The pair GBP / USD has recovered from its initial drop […]
USD / JPY regains initial lost ground, flat below 109.00
USD / JPY reversed the early European session drop near 108.50. Risk appetite undermined the Japanese yen and offered some support. Shrinking US bond yields, USD weakness and overbought conditions could limit gains. The pair USD/JPY it quickly rallied around 30 pips from lows hit early in the European session and was last seen trading […]
GBP / USD retreats from highs, intraday rally eases near 1.3900
Widespread USD weakness helped GBP / USD gain positive traction on Tuesday. The fall in US bond yields led to some profit-taking in US dollars. The lack of strong buying tracking warrants caution before placing bullish bets. The pair GBP/USD it maintained its offered tone during the middle of the European session, although it has […]
AUD / USD rises to new daily highs around 0.7700 region
AUD / USD gains some positive traction Tuesday amid some profit-taking around the USD. The pullback in US bond yields and risk appetite sentiment weigh on the safe-haven USD. The bulls can wait for a move above the 0.7720 area before opening new positions. The pair AUD/USD has risen to new daily highs during the […]
USD / JPY corrects from multi-month highs and falls to daily lows around the 108.60 region
USD / JPY is moving lower during the European session amid some profit taking around the USD. A modest pullback in US bond yields is seen as a key factor weighing on the USD. The optimistic US economic outlook and risk appetite sentiment should help limit any sharp decline. The pair USD/JPY has seen some […]
GBP / USD rises sharply above 1.3850 but lacks continuation
GBP / USD is moving higher on Tuesday, although it lacks a strong continuation buy. The optimistic US economic outlook supports the USD and limits the pair’s gains. The pair GBP/USD has soared higher, climbing to a high near 1.3885 at the start of the European session on Tuesday. However, the move has lacked a […]
Pelosi Says Senate’s $ 1.9 Trillion Covid Relief Bill Will Be Accepted Wednesday
The United States House of Representatives will pass the $ 1.9 trillion coronavirus relief bill on WednesdayHouse Speaker Nancy Pelosi said on Capitol Hill early Tuesday. US President Joe Biden’s massive stimulus package was approved by the Senate after a marathon vote overnight on Saturday. Key Comments: The moment of the vote in the House […]
USD / JPY hits new nine-month highs around the 108.70 region
USD / JPY continues to gain positive traction for the fourth day in a row on Monday. The rebound in US bond yields benefits the USD and continues to support the pair’s upward momentum. The overbought RSI could prevent the bulls from opening new positions amid a softer tone around the stock markets. The strong […]
GBP / USD consolidates within a range below 1.3850
GBP / USD struggles to find firm direction on Monday and remains trapped within a range. The overall strength of the USD is a key factor limiting the pair’s rise. The pair GBP/USD is extending its side consolidation price action during the European session on Monday and remains trapped within a range below the 1.3850 […]