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Tag: RiskAppetite

USD/CHF below 200-day moving average amid weak dollar

USD/CHF below 200-day moving average amid weak dollar USD/CHF below 200-day moving average amid weak dollar

USD/CHF falls to new low in months on renewed dollar weakness. Diminishing odds of an aggressive Fed continue to weigh on the dollar. The USD/CHF pair falls for the fourth day in a row and hit a four-month low during the European session. Price shows resilience around 0.9400 and cut losses but unable to break […]

GBP/USD rises to 1.2230 area amid renewed USD selling bias

GBP/USD rises to 1.2230 area amid renewed USD selling bias GBP/USD rises to 1.2230 area amid renewed USD selling bias

GBP/USD attracts buying at the 1.2180 area amid fresh selling around the USD on Thursday. Diminishing odds of a further Fed rate hike in September and risk appetite weigh on the USD. The bulls might wait for some continuation buying before positioning themselves for a further move higher. The pair GBP/USD recovers almost 50 pips […]

AUD/USD approaches 0.7100, focus on Wednesday’s two-month high

AUD/USD approaches 0.7100, focus on Wednesday’s two-month high AUD/USD approaches 0.7100, focus on Wednesday’s two-month high

AUD/USD attracts some buying on Thursday and is back towards the 0.7100 level. Risk appetite weighs on the safe-haven dollar and benefits the risk-sensitive Aussie. Recession fears and aggressive comments from Fed officials the day before could limit USD losses. A sustained move above the 0.7100 level is needed to support the prospects for further […]

Fed: We don’t want to declare victory over lower inflation – Mary Daly

Fed: We don’t want to declare victory over lower inflation – Mary Daly Fed: We don’t want to declare victory over lower inflation – Mary Daly

“Mary Daly, President of the San Francisco Fed, did not rule out a third consecutive interest rate hike of 0.75 percentage point at the central bank’s next policy meeting in September, though signaled initial support for the Fed slowing the pace of its interest rate hikes“, says the Financial Times (FT) with the latest interview […]

Forex Today – Asian Session: The dollar collapses on the decline in inflation

Forex Today – Asian Session: The dollar collapses on the decline in inflation Forex Today – Asian Session: The dollar collapses on the decline in inflation

What to watch for on Thursday, August 11: The USD slumped on the back of US inflation figures, ending the day lower against major rivals. The consumer price index for July contracted more than expected, falling to 8.5% year-on-year from 9.1% in June. Most importantly, the core reading held steady at 5.9%, better than the […]

AUD/USD hangs on to gains after US CPI, trades above 0.7050

AUD/USD hangs on to gains after US CPI, trades above 0.7050 AUD/USD hangs on to gains after US CPI, trades above 0.7050

AUD/USD gets aggressive bids amid broad dollar sell off by US CPI. Weaker data shatters expectations of a further Fed rate hike and weighs on the dollar. The risk appetite boost further undermines the dollar and benefits the risk-sensitive Aussie. The pair AUD/USD rises to its highest level since June 16 in reaction to softer […]

USD/CHF bounces back after hitting one-week lows at 0.9515 area

USD/CHF bounces back after hitting one-week lows at 0.9515 area USD/CHF bounces back after hitting one-week lows at 0.9515 area

USD/CHF falls for the second day in a row and hits one-week lows. Market with limited ranges awaiting the US inflation data on Wednesday. The USD/CHF extended the decline to the 0.9515 zone reaching the lowest level in a week. After this it bounced back cutting losses and climbed to 0.9540. The dollar managed to […]

AUD/USD jumps to 0.7000 zone, trades on multi-day highs

AUD/USD jumps to 0.7000 zone, trades on multi-day highs AUD/USD jumps to 0.7000 zone, trades on multi-day highs

AUD/USD gains strong positive traction on Monday and is supported by a combination of factors. Falling US bond yields undercut the dollar and offer support to the aussie amid boosting risk appetite. Aggressive Fed expectations could limit dollar losses ahead of Wednesday’s US CPI report. The pair AUD/USD it hits a four-day high during the […]

AUD/USD bounces back above 0.6950, upside seems limited

AUD/USD bounces back above 0.6950, upside seems limited AUD/USD hangs on to gains after US CPI, trades above 0.7050

AUD/USD attracts fresh buying on Monday and recovers from a more than two-week low. A positive risk tone offers support to the risk-sensitive AUD amid a modest decline in the USD. Recession fears, US-China tensions and Fed expectations could limit dollar losses. The pair AUD/USD extends Friday’s late bounce from 0.6870 zone, 2-week low, and […]