USD/JPY achieves strong positive traction on Friday after the Bank of Japan’s monetary policy update. The US-Japan rate spread and risk appetite are weighing on the safe-haven yen. The appearance of new purchases around the USD provides an additional boost to the pair. The pair USD/JPY moves steadily higher and snaps a two-day losing streak […]
Tag: RiskAppetite
EUR/USD remains on the defensive amid modest USD strength, decline looks supported
EUR/USD sees fresh selling on Friday and erodes some of the previous day’s gains to a weekly high. The appearance of some buying around the dollar is seen as a key factor putting pressure on the pair. Falling US bond yields and a positive risk tone could cap dollar gains and help limit deeper losses […]
AUD/USD falls to a fresh daily low below the 0.7000 level
AUD/USD sees some selling on Friday and breaks a two day gain streak to weekly high. The appearance of new purchases around the USD turns out to be a key factor putting downward pressure on the pair. The pullback in US bond yields and the positive risk tone could cap dollar gains and offer support […]
USD/CHF sinks below 0.9800 to fresh weekly lows after SNB surprise 0.50% rally
USD/CHF has come under intense selling pressure on Thursday following the surprising rate hike by the SNB. Risk aversion momentum further benefits safe haven CHF and contributes to the sharp drop. The resurgence in demand for the dollar could stop investors before opening aggressive positions and limit losses. The pair USD/CHF has made a spectacular […]
AUD/USD hangs on to recovery gains just above 0.6900
AUD/USD rebounds from one-month lows and snaps a five-day losing streak. The dollar’s modest pullback from a two-decade high prompts some short covering around the pair. Expectations of an aggressive Fed rate hike should act as a tailwind for the dollar and limit the pair’s gains. The pair AUD/USD experiences a short-covering bounce on Wednesday […]
EUR/USD advances towards 1.0500 as the ECB announces an unscheduled meeting, focus on the Fed
EUR/USD strengthens and rises to new daily highs, extending the previous day’s bounce from the monthly low. The ECB announces a surprise meeting to discuss current market conditions. Yields remain under pressure, equity futures give back recent gains ahead of key central bank meetings. The ECB could try to make up for previous failures to […]
NZD/USD tests yearly lows at 0.6220 zone
NZD/USD is targeting a test of yearly lows in the 0.6200 area after erasing previous session’s gains. The dollar continues to rise ahead of the expected 75 basis point rate hike on Wednesday by the Fed. NZD/USD has fallen more than 5.0% in the last eight sessions, with recession fears and China lockdown issues also […]
EUR/USD hangs on to modest recovery gains near 1.0450, lacks continuation
EUR/USD has rebounded from the one-month lows reached this Tuesday. Risk appetite and falling US bond yields weigh on the dollar and offer some support for the pair. Expectations of an aggressive Fed rate hike should act as a tailwind for the dollar and limit the pair’s gains. The pair EUR/USD showed some resistance below […]
Coronavirus: Case numbers in Beijing hit three-week high, risk of new lockdowns
While China continues with its covid-zero strategy, Beijing finds itself again under the threat of a lockdownas new coronavirus infections rise to the highest level in three weeks. The city recorded 74 infections on Monday, the most since May 22when Beijing saw a record number of cases for the current outbreak. Most schools in Beijing […]
AUD/USD falls more than 1.5% to 0.6950
AUD/USD tumbled to the 0.6950 area on Monday, down more than 1.5% on the day and down more than 4.0% in four days. The pair is being hit by risk flows as markets price in a tougher Fed and possible recession. China closing fears are also weighing on the pair, with the bears trying to […]
