GBP/USD has stabilized at 1.2250, where it is trading flat ahead of a busy week of US/UK economic events. Analysts believe that if sentiment continues to deteriorate, the risk sensitive pair could be pressured below 1.20000. GBP/USD has stabilized at 1.2250 on Monday against the backdrop of a nervous start to the week for global […]
Tag: RiskAppetite
USD/JPY moves closer to 129.50 again, lacks continuation buying
USD/JPY attracts some buying on Monday amid declining safe-haven demand. Falling US bond yields keep USD bulls on the defensive and limit the pair’s upside. The policy divergence between the Fed and the Bank of Japan supports the prospects for further gains in the short term. The pair USD/JPY it has risen close to 60 […]
Gold Price Forecast: XAU/USD falls below $1,800 to lowest level since late January
Gold attracts fresh selling on Monday and falls to its lowest level since late January. Signs of stability in financial markets weigh on demand for the yellow metal as a safe haven. The break below $1,800 accelerates the decline and paves the way for further losses. The price of Gold (XAU/USD) has weakened further below […]
USD/JPY Price Analysis: Bulls looking to regain control near 129.00/23.6% Fibonacci level
A combination of supportive factors helped USD/JPY regain positive traction on Friday. The bulls, however, appear to have a hard time capitalizing on the move beyond the 23.6% Fibonacci level. Breaking below 128.00 would pave the way for a deeper corrective drop. The USD/JPY took advantage of the overnight bounce from two-week lows and gained […]
USD/CAD clings near daily low around 1.3000
A combination of factors caused some selling around USD/CAD on the last day of the week. A rebound in oil prices underpinned the loonie and put pressure on amid modest USD weakness. With US bond yields picking up, Fed rate hike bets should limit USD losses and provide support. The pair USD/CAD it maintained its […]
GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction
GBP/JPY regained positive traction on Friday and recovered some of the overnight decline. The risk appetite drive undermined the safe haven JPY and extended support to the pair. A gloomy outlook for the UK economy could act as a headwind and limit any further upside. The crossing GBP/JPY it maintained its offered tone during the […]
USD/CHF pulls back to 1.0000 amid weaker dollar, downside looks limited
USD/CHF is witnessing a corrective pullback from a two-year high amid modest USD weakness. Risk appetite could weigh on the safe-haven CHF and help limit any significant decline. Expectations of an aggressive Fed rate hike and a nice rally in US bond yields also favor USD bulls. The pair USD/CHF has fallen to a new […]
USD/JPY gives back early gains amid dollar weakness, holds above 128.50
USD/JPY gains some positive traction on Friday and recovers from a two-week low. Risk appetite weighs on the JPY and offers support to the pair amid a rally in US bond yields. A modest retreat of the dollar from two-decade highs prevented a significant rise in the pair. The pair USD/JPY pulls back nearly 60 […]
BOJ: In times like the present, central banks must conduct monetary policy without any pre-established ideas
“In times like now, when uncertainty is high, central banks must conduct monetary policy by extensively examining various data without any pre-set ideas.“, said the governor of the Bank of Japan (BoJ), Haruhiko Kuroda, during the early hours of Friday in Asia. Additional comments The Japanese economy continues to recover as a trend. The BoJ […]
USD/CAD consolidates above 1.3000
USD/USD is consolidating just above 1.3000, not far from 18-month highs at 1.3050. A strong US dollar amid recent US inflation data and risk aversion inflows are offsetting higher oil prices. The focus is on upcoming comments from BoC’s Tony Gravelle. The USD/CAD stabilized just below multi-month highs below 1.3000 on Thursday, as a drop […]
