Australia’s central bank will set another 50 basis point interest rate hike on Tuesday as it struggles to rein in rising inflation.marking the first time it has raised interest rates by that magnitude in back-to-back meetings, according to a Reuters poll. Featured Comments After raising its benchmark rate by 50 basis points in an aggressive […]
Tag: RiskAppetite
AUD/USD falls to 2-week low and targets 0.6850 ahead of Powell
AUD/USD loses ground for the third day in a row and falls to a two-week low on Wednesday. Recession fears weigh on investor sentiment and drive flows away from the risk-sensitive AUD. Lower US bond yields cap the USD and could help limit losses for the pair ahead of Fed Chairman Jerome Powell’s speech. The […]
USD/JPY recovers heading to multi-day highs
A combination of supportive factors pushed USD/JPY higher for the second day in a row. The risk appetite boost, the policy divergence between the Fed and the Bank of Japan, and rising US bond yields extended support. The resurgence in demand for the USD provided an additional boost, taking the pair close to 136.00. The […]
USD/CAD bounces away from two-week lows, rising oil caps gains
The onset of aggressive dollar buying helped USD/CAD trim its intraday losses. Bullish oil prices continued to support the loonie and capped any significant gains. Investors are now waiting for the US economic data to get some short term trade boost. The pair USD/CAD rallied a few pips from a two-week low hit earlier this […]
USD/CAD falls to a low of more than two weeks and weakens below 1.2850
USD/CAD continues to lose ground for the third day in a row and falls to a low of more than two weeks. Bullish crude oil prices benefit the CAD and put pressure on the pair amid weak USD demand. Reduced expectations for aggressive Fed rate hikes and a positive risk tone weigh on the safe-haven […]
NZD/USD struggles to find a firm direction, trapped in a range around 0.6300
NZD/USD is struggling to gain significant traction and is oscillating in a familiar range. Cautious sentiment acts as a headwind for the risk-sensitive NZD amid a modest USD rally. Reducing expectations of a more aggressive Fed rate hike could cap the USD and lend some support to the pair. The pair NZD/USD extends its sideways […]
S&P 500 futures pull back on market indecision
Market sentiment remains subdued as traders await further clues for clear guidance. A light schedule and conflicting headlines add to the confusion for traders. S&P500 futures break three-day uptrend. US Consumer Confidence and speeches from central bankers will be important to give a new impetus. Global traders fade early week optimism as they look for […]
Gold Forecast: XAUUSD flirts with daily low, looks vulnerable near $1,830 zone
Gold once again faced rejection near the 200 DMA. The boost in risk appetite and rising US bond yields acted as a headwind for the commodity. The appearance of some purchases in dollars contributed to the intraday selling trend. The Prayed continued to struggle to break above the important 200-day SMA and witnessed some intraday […]
GBP/USD falls to daily lows near 1.2235 after hitting 1.5-week highs at 1.2332
GBP/USD rose to a 10-day high on Monday amid modest dollar weakness. The expectations of the Bank of England and the Brexit problems acted as a headwind and limited the rises. Investors are now waiting for US economic data to find short-term opportunities. The GBP/USD gained traction in the early hours of Monday and soared […]
AUD/USD remains on the defensive, holding above 0.6900 amid modest dollar weakness.
AUD/USD starts the week on a weak note, albeit without continued selling. The recent drop in commodity prices and China’s economic concerns have been a headwind for the AUD. Risk appetite weighs on the safe-haven USD and helps limit losses for the pair. The pair AUD/USD has struggled to take advantage of Friday’s nice rebound […]
