Australia’s 10-year Treasury yields have updated a seven-year high to 3.338%hovering around 3,322% at press time, due to the Reserve Bank of Australia (RBA) rate hike. The Australian central bank surprised bulls by beating 15bps of market forecasts with a 25bps hike in the benchmark rate to 0.35%. In addition to the rate hike, the […]
Tag: RiskAppetite
USD/CHF struggles for a firm intraday direction, confined to a range below 0.9750
USD/CHF was seen to consolidate its recent strong uptrend to a nearly two-year high. The Fed’s aggressive rate hike bets continued to support the USD and acted as a tailwind. A positive risk tone weighed on the safe haven CHF and further extended some support. Investors are now watching the US ISM PMI for some […]
AUD/USD falls from daily highs, remains offered around 0.7150 amid modest USD weakness
The USD’s modest pullback from multi-year highs caused some short covering around AUD/USD. Stronger US PCE and a softer risk tone helped the USD trim intraday losses and capped the pair. The prospect of rapid rate hikes in the US warrants caution before placing bullish bets on the pair. The pair AUD/USD maintained its strong […]
AUD/USD remains bearish below 0.7100, at two-month lows after US GDP.
AUD/USD fell to a more than two-month low on Thursday amid incessant USD buying. Prospects for more aggressive rate hikes from the Fed continued to act as a tailwind for the dollar. USD bulls unaffected by disappointing Q1 GDP release from the US. The pair AUD/USD witnessed an intraday reversal from 0.7160 and fell to […]
USD/CHF trims intraday gains to new yearly highs, downside looks limited
USD/CHF jumped to a new yearly high on Wednesday amid prevailing buying interest in the USD. Bets on aggressive Federal Reserve rate hikes and a gloomy global economic outlook continued to boost the USD. The risk boost could undermine the safe-haven CHF and supports prospects for further earnings. The pair USD/CHF it pulled back a […]
USD/JPY hangs on to daily gains just below 128.00
USD/JPY regains positive traction on Wednesday and reverses the previous day’s decline to a one-week low. Expectations of an aggressive rate hike from the Fed and a rally in US bond yields push the USD to a two-year high. Risk appetite and monetary policy divergence between the BoJ and the Fed weigh on the JPY […]
EUR/USD remains at 1.0750 amid risk aversion
EUR/USD hit new yearly lows just above 1.0700 on Monday as risk aversion inflows saw the dollar strengthen across the board. Ahead of a busy week of US and Eurozone GDP and inflation data, bears continue to target 2020 lows. The EUR/USD has stabilized at fresh yearly lows just above the 1.0700 level in early […]
AUD/USD bounces back towards 0.7450 as USD bounce fades
AUD/USD tries to bounce amid better market sentiment. Risk appetite weighs on US dollar demand and helps Australian dollar rebound. The RBA’s upbeat outlook is also still in play ahead of Powell’s speech. The AUD/USD has stopped its initial pullback near the 0.7420 region and is now heading back up towards the 0.7450 level during […]
AUD/USD gives back early gains and pulls back below 0.7450
AUD/USD advanced during the first part of Thursday, although it lacked follow-through. A pullback in US bond yields and a sentiment of appetite for the AUD is benefiting the AUD and offering some support to the pair. A softer Austalia jobs report turns out to be a key factor acting as a headwind for the […]
GBP/JPY sticks to strong gains near 1.5-week highs around 164.00
GBP/JPY regained traction on Wednesday and was supported by a combination of factors. Dovish comments from BoJ Kuroda and risk-on momentum weighed on safe haven JPY. Hot UK consumer inflation figures supported the British pound and provided an additional boost. The crossing GBP/JPY it maintained its strong bid tone through the middle of the European […]
