Tag: RiskAversion

USD/CHF falls to a two-week low, eyeing the 0.9700 level

USD/CHF falls to a two-week low, eyeing the 0.9700 level USD/CHF falls to a two-week low, eyeing the 0.9700 level

A combination of factors dragged USD/CHF lower for the third day in a row on Thursday. Risk aversion benefited the safe haven CHF and put pressure on amid a weaker dollar. Disappointing US macro data did not impress dollar bulls or lend support to the pair. The pair USD/CHF extended this week’s pullback from the […]

USD/CAD approaches 1.2800 as dollar weakness offsets oil drop

USD/CAD approaches 1.2800 as dollar weakness offsets oil drop USD/CAD approaches 1.2800 as dollar weakness offsets oil drop

USD/CAD returned to close to a two-week low amid the onset of fresh dollar selling. The decline in US bond yields weighed on the dollar, although bets on a Fed rate hike should limit losses. Weakening crude oil prices could undermine the loonie and help limit deeper losses for the pair. The pair USD/CAD came […]

AUD/USD hangs on to intraday gains near 0.7000, lacks continuation

AUD/USD hangs on to intraday gains near 0.7000, lacks continuation AUD/USD hangs on to intraday gains near 0.7000, lacks continuation

AUD/USD gains positive traction on Thursday and recoups much of the previous day’s decline. The pullback in US bond yields sparks fresh selling around the dollar and offers support for the pair. Risk-off sentiment prevents the Aussie from gaining ground any further, at least for now. The pair AUD/USD pull back a few pips from […]

USD/JPY falls to one-week lows below 128.00

USD/JPY falls to one-week lows below 128.00 USD/JPY falls to one-week lows below 128.00

A combination of factors drags USD/JPY lower for the second day in a row on Thursday. Recession fears continue to weigh on investor sentiment and boost the yen as a safe haven. The pullback in US bond yields causes some selling around the dollar and further contributes to the pair’s decline. The divergence in monetary […]

Forex Today – Asian Session: Goodbye easy money, hello carry trade?

Forex Today – Asian Session: Goodbye easy money, hello carry trade? Forex Today – Asian Session: Goodbye easy money, hello carry trade?

What you should know on Friday, May 13: The US dollar soared thanks to risk aversion. Panic selling hit stocks and crypto hardest as speculative interest priced in the massive quantitative tightening. More and more central bankers are hinting at established measures to drain liquidity. European Central Bank officials continue to pave the way for […]

WTI falls over 2% to test $101.50 as risk aversion intensifies

WTI falls over 2% to test $101.50 as risk aversion intensifies WTI falls over 2% to test 1.50 as risk aversion intensifies

WTI price is reversing the previous bounce as it falls to test the $101.50 level. A firmer dollar and risk aversion flows weigh on higher yielding US oil. WTI sellers remain expectant after the dismal monthly report from the IEA. The WTI (NYMEX futures) is trading under strong selling pressure so far on Thursday, reversing […]

AUD/USD pulls back sharply from daily highs, back around 0.6950 after US CPI.

AUD/USD pulls back sharply from daily highs, back around 0.6950 after US CPI. AUD/USD pulls back sharply from daily highs, back around 0.6950 after US CPI.

AUD/USD trimmed a significant portion of its intraday gains in reaction to the higher US CPI figure. The US CPI report reaffirmed the Fed’s aggressive rate hike bets and boosted USD demand. A change in risk sentiment also benefited the safe-haven dollar and put pressure on it. The pair AUSD/USD fell more than 60 pips […]

USD/JPY trims intraday gains, downside looks limited

USD/JPY trims intraday gains, downside looks limited USD/JPY trims intraday gains, downside looks limited

USD/JPY soared to a new two-decade high on Monday, though it struggled to capitalize on the move. The risk-off mood underpinned the JPY as a safe haven and capped the pair amid a modest USD pullback. The policy divergence between the Fed and the BoJ favors bullish traders and supports prospects for additional gains. The […]

GBP/USD bounces quickly from yearly lows, retakes 1.2400 amid modest USD pullback

GBP/USD bounces quickly from yearly lows, retakes 1.2400 amid modest USD pullback GBP/USD bounces quickly from yearly lows, retakes 1.2400 amid modest USD pullback

GBP/USD staged a strong intraday recovery from a new yearly low hit earlier this Monday. The USD’s modest pullback from a two-decade high prompted some short covering around the pair. The divergent policy views of the Fed and the BoE warrant caution before making aggressive bullish bets. The pair GBP/USD witnessed a dramatic intraday turnaround […]

Russia: Peace talks with Ukraine have not stopped, they are remotely held

Russia: Peace talks with Ukraine have not stopped, they are remotely held Russia: Peace talks with Ukraine have not stopped, they are remotely held

The chief Russian negotiator, Vladimir Medinsky, has stated that the peace talks with Ukraine have not stopped, but are kept at a distance. His comments come as Moscow’s Victory Day parade began, complete with troops and heavy weaponry. In his victory speech, the Russian president Vladimir Putin has said that the “special military operation” in […]