USD/CHF recovered slightly from a new monthly low hit this Friday. The risk appetite drive undermined the CHF haven and acted as a tailwind for the pair. The rebound in US bond yields helped revive demand for dollars and remained supportive. Recession fears prevented the bulls from making aggressive bets and could limit the rallies. […]
Tag: RiskAppetite
USD/JPY struggles to gain significant traction despite risk appetite, stuck around 128.00
USD/JPY attracted buying on Friday and recovered further from the monthly low hit on Thursday. Risk appetite undermined the safe haven yen and extended support amid modest dollar strength. Recession fears prevented the bulls from making aggressive bets and limited significant gains. The pair USD/JPY maintained its modest intraday gains and was seen trading near […]
AUD/USD tests the 21 DMA at 0.7050
AUD/USD has rebounded from a previous test of 0.7000 and is testing its 21 DMA around 0.7050. The Aussie is receiving tailwinds from global equity and commodity markets, as well as strength from the yuan following the PBoC’s surprise rate cut. The AUD remains vulnerable if risk appetite deteriorates and the dollar rises again, with […]
Gold Price Forecast: XAU/USD Rises to 1-Week High, Needs Continuation Above $1,850
Gold rises to a one-week high on Friday amid a softer tone around the dollar. Recession fears benefit the yellow metal as a safe haven. A good recovery in stock markets and expectations of an aggressive Fed rate hike limit gains. The price of gold (XAU/USD) it has extended the previous day’s bounce above the […]
AUD/USD recovers early losses and climbs to fresh daily highs above 0.7050
AUD/USD recovers from an initial drop towards 0.7000 and rises to fresh daily highs. A good recovery in the stock markets weighs on the safe haven USD and offers support to the pair. Recession fears should curb any bullish moves in the markets and limit the pair’s gains. The pair AUD/USD has regained ground lost […]
NZD/USD pulls back below 0.6350 as overall sentiment falls
NZD/USD is under pressure and returns below 0.6350 as global equities move lower as traders digest the Fed’s hawkish rhetoric. Amid the lack of major economic events for the rest of the week, the broader risk appetite will drive price action. The slump in global equity markets as traders digest aggressive comments from Fed Chairman […]
USD/JPY Price Analysis: Rises to a 3-day high, eyeing descending trendline resistance
A combination of supportive factors helped USD/JPY regain positive traction on Tuesday. The disappearance of safe haven demand weighed on the yen and extended support amid rising US bond yields. The general weakness of the dollar prevented the bulls from making aggressive bets and limited the rallies. A sustained move beyond downtrend line resistance is […]
AUD/USD extends gains after aggressive RBA minutes and climbs above 0.7000
AUD/USD gains strong positive traction for the third day in a row on Tuesday. Aggressive Reserve Bank of Australia meeting minutes buoy AUD amid USD weakness. Investors are now turning their attention to US retail sales data for a fresh boost ahead of the Fed chair’s speech. The pair AUD/USD moves steadily higher during the […]
USD/CAD remains under pressure at 1-week lows below 1.2820
USD/CAD moves lower for the third day in a row on Tuesday amid widespread dollar weakness. A good rally in equity markets triggers some profit taking around the safe haven USD. The recent rally in crude oil prices benefits the CAD and also weighs on the pair. The pair USD/CAD remains on the defensive during […]
USD/CHF flirts with a two-year high near 1.0050
USD/CHF regained positive traction on Monday and soared to a fresh two-year high. A softer risk tone underpinned the CHF as a safe haven and capped it amid a weaker USD. Falling US bond yields and disappointing US macro data put pressure on the dollar. The pair USD/CHF it pulled back a few pips from […]
