AUD/USD gains strong positive traction on Friday and rises to a fresh multi-week high. Aggressive RBA signal benefits AUD amid sustained USD selling bias. Indications that the Fed could pause the cycle of rate hikes and risk appetite weigh on the dollar. The pair AUD/USD moves higher during the first half of the European session […]
Tag: RiskAppetite
Gold Price Forecast: XAU/USD hangs on to gains above $1,850, lacks continuation
The selling bias around the dollar helps gold gain some positive traction on Friday. Speculation that the Federal Reserve would pause the interest rate hike cycle weighed on the dollar. Risk appetite could cap the yellow metal’s gains ahead of the release of the US PCE price index. The price of gold (XAU/USD) it has […]
USD/JPY Regains Lost Ground Amid Risk Appetite, But Lacks Bullish Conviction
USD/JPY recovered much of its intraday losses, although it lacked follow-through. Risk appetite undermined the safe haven JPY and extended some support to the pair. The dollar’s price action, which was very weak, failed to provide momentum and held onto the gains. On Thursday, the pair USD/JPY attracted some buying around 126.50 and regained some […]
AUD/USD struggles for firm short-term direction, holds steady below 0.7100
A combination of factors help AUD/USD capture some buying at lower levels on Thursday. Falling US bond yields and positive risk tone weigh on the safe-haven USD. An aggressive signal from the RBA offers further support to the higher perceived risk AUD. The pair AUD/USD has attracted some buying near 0.7050 at the start of […]
S&P 500 Futures Post Slight Gains, US Treasury Yields Rebound from Monthly Low
Market sentiment declines during early hours on Wednesday as headlines from the Asia-Pacific regions test risk appetite. Additionally, optimism is affected by caution ahead of key data and events. The S&P 500 futures have held early gains around 3,950 pointsup 0.20% intraday, while 10-year US Treasury yields remain on the defensive around one-month lows at […]
NZD/USD Bulls Expect to Go Beyond 0.6500, Focus Turns to RBNZ and FOMC Minutes
NZD/USD gained strong positive traction on Monday and soared to a two-week high. The risk appetite boost undermined the safe haven dollar and extended support for the kiwi. Expectations of a 50 basis point rate hike by the RBNZ provided further impetus. The pair NZD/USD continued its recent strong recovery from a nearly two-year low […]
USD/JPY remains bearish around 127.60-65 zone, downside seems limited
USD/JPY fell on the first day of the week amid widespread dollar weakness. Risk appetite undermined the yen’s safe haven and helped limit losses. The divergence in policy from the Fed and the Bank of Japan also prevented traders from making further bearish bets. The pair USD/JPY witnessed some selling on the first day of […]
AUD/USD near two-week highs just above 0.7100
A combination of factors pushes AUD/USD to a two-week high on Monday. An aggressive signal from the RBA benefits the AUD amid widespread USD weakness. Risk appetite drags the USD to a new monthly low and offers support for the pair. The pair AUD/USD appears to have entered a bullish consolidation phasehovering around the 0.7110-0.7120 […]
USD/CAD is nearing its two-week low, below 1.2800
A combination of factors sparked fresh selling around USD/CAD on Monday. Rising oil prices underpinned the loonie and put pressure on amid a weaker dollar. The prevailing risk appetite dragged the dollar, which is a safe haven, to a new monthly low. The pair USD/CAD came under renewed selling pressure on Monday and came back […]
USD/JPY recovers part of its initial losses, remains negative near 127.50
USD/JPY attracts some buying on Monday and is supported by a combination of factors. Risk appetite weighs on the JPY and benefits the pair amid a rally in US bond yields. The selling trend around the USD prevents the bulls from opening aggressive positions and limits the rise of the pair. The pair USD/JPY has […]
