EUR/USD has fallen to 1.0450 as the dollar benefits from safe-haven calls and aggressive bets from the Fed. Some point to a test of the mid-1.0300 yearly lows in an increasingly bearish context. The main event of the week will be the Fed meeting on Wednesday, in addition to the US CPI and retail sales […]
Tag: RiskAppetite
AUD/USD falls to a fresh 2-week low and returns below 0.7100 after US CPI.
AUD/USD fell for the third day in a row in reaction to US inflation figures. The latest US CPI report reaffirmed the Fed’s expectations, which are very aggressive, and boosted the dollar. The boost from risk aversion further underpinned the greenback and weighed on the risk-sensitive aussie. The pair AUD/USD witnessed aggressive selling during the […]
AUD/USD recovers from two-week lows and rises firmly to the 0.7130 area
AUD/USD gains some positive traction on Friday and breaks a two-day losing streak. Signs of stability in the stock markets benefit the Aussie amid moderate demand for the dollar. The market’s attention remains focused on the publication of consumer inflation in the United States. The pair AUD/USD recovers modestly from levels below 0.7100at a two-week […]
AUD/USD falls to fresh weekly lows around 0.7120
AUD/USD tumbled to the 0.7100 area from around 0.7200 on Thursday as risk appetite worsened following the ECB announcement. This meant new weekly lows for the pair which failed to get any lasting boost from this week’s RBA surprise. After breaking a medium-term uptrend, the pair is about to test its 21 DMA. the australian […]
NZD/USD falls back towards weekly lows below 0.6450
NZD/USD has dipped back towards weekly lows below 0.6450 where the 21 DMA is offering support for now. The pair is eyeing a possible break towards 0.6300 if risk appetite continues to deteriorate/US yields continue to push higher. Friday’s US CPI data is the main event of the week for the pair. The NZD, although […]
AUD/USD remains defensive near 0.7200, downside seems limited
AUD/USD came under renewed selling pressure on Wednesday amid modest dollar strength. A nice rebound in US bond yields and a softer risk tone benefited the safe-haven dollar. A break below the 0.7150 area is needed to confirm a bearish outlook ahead of Friday’s US CPI. The pair AUD/USD found fresh supply on Wednesday and […]
USD/CAD hangs on to modest recovery gains near 1.2550, lacks continuation
USD/CAD gains some positive traction on Wednesday amid fresh buying around the dollar. A further rise in US bond yields and a softer risk tone rekindle safe-haven demand for the dollar. Rising oil prices benefit the CAD and limit the pair’s gains. The pair USD/CAD it has attracted some buying near the 1.2425 area on […]
NZD/USD at daily lows, falls below 0.6450 amid modest USD strength
NZD/USD hits fresh selloff on Wednesday and approaches a two-week low again. A nice rally in US bond yields reignites demand for the dollar and puts some pressure on the pair. A softer risk tone also benefits the safe-haven USD and weighs on the perceived riskier NZD. The pair NZD/USD has struggled to take advantage […]
NZD/USD bounces back above 0.6450
NZD/USD has rebounded from session lows in the 0.6420 area as risk appetite has improved since the US open. The pair, now trading closer to 0.6475, is likely to trade between the 21-50 DMA ahead of the US CPI release. The NZD it failed to emulate its Australian counterpart’s rise on the back of a […]
USD/JPY remains near two-decade highs, just below 133.00
USD/JPY gained traction for the third day in a row and soared to a new two-decade high. The recent widening of the yield spread between the US and Japan continued to support the move. A softer risk tone underpinned the JPY as a safe haven and capped amid overbought conditions. The pair USD/JPY remained near […]
