AUD/USD advanced for the second day of four, up 0.41%. Nervousness over China-Taiwan disputes keeps investors unsettled, although risk-sensitive currencies in the FX space are appreciating. Mixed economic data out of the US keeps the USD affected as DXY falls 0.50%. The AUD/USD rises during the American session from weekly lows around 0.6880, despite mixed […]
Tag: United States
USD/CAD hovers around 1.2850 ahead of US and Canadian jobs data
USD/CAD advances during the day are facing resistance at the 50-day EMA at 1.2857. Falling oil prices and sentiment weighed on the Canadian dollar, a tailwind for USD/CAD. USD/CAD Price Analysis: A Break Above 50 Day EMA Could Clear Path To 1.3000; otherwise, 1.2800 is targeted. The USD/CAD rises and trims some of Wednesday’s losses […]
US: While we abide by the one China policy, our solidarity with Taiwan is more important than ever
“While we abide by our one China policy, our solidarity with Taiwan is more important than ever.“, said the president of the House of Representatives of the United States, Nancy Pelosi, during her visit to Taiwan. The American diplomat has also added, according to Reuters, that “Although China has hindered Taiwan’s attendance at certain meetings, […]
US: JOLTS Job Postings Drop to 10.7 Million in June
US JOLTS Job Openings declined sharply in June. The dollar index extends its recovery towards 106.00. The number of job openings fell to 10.7 million on the last business day of June, the US Bureau of Labor Statistics reported Tuesday in its Summary of Job Offers and Labor Rotation (JOLTS). This figure is slightly lower […]
GBP/USD bulls return to key 1.2250 zone
GBP/USD bulls re-establish near 1.2250 but keep charging. The US dollar is weighed down after the Fed’s monetary policy easing. The GBP/USD trades at 1.2254 and rises on the day on the back of US dollar weakness following Wednesday’s Fed meeting and a statement that left futures markets tied to Fed policy expectations tilted towards […]
AUD/USD rises to fresh two-month highs ahead of RBA interest rate decision
AUD/USD retraces the 0.7000 level, a level last seen on June 13. Sentiment is mixed, but AUD/USD was bolstered by a soft US dollar and the RBA decision. US ISM manufacturing data remains in expansionary territory, although prices and new orders fell. The AUD/USD rises above 0.7000 in a session of mixed sentiment, spurred by […]
EUR/USD rises strongly after strong US PMI report.
EUR/USD rises on risk appetite, despite rising tensions between the US and China. US manufacturing PMI remains in expansion territory, although new orders fall. Eurozone PMIs remain in contraction zone, while German retail sales slump. The EUR/USD advances for the fourth day in a row, amid an upbeat environment, as investors shrug off US-China tensions […]
NZD/USD falls after US PCE suggests more Fed rate hikes are needed
The NZD/USD will end the week with a minimal gain of 0.36%. Sentiment in currency markets deteriorated on news that US PCE is approaching the 7% threshold. NZD/USD Price Analysis: With a neutral bias to the downside and could head towards 0.6100 in the short term. The NZD/USD retreats from four-week highs around 0.6328, towards […]
AUD/USD recovers towards 0.6975 after US PCE, but remains bearish
AUD/USD dipped from multi-week highs around 0.7031 and fell on risk aversion momentum in FX markets. The Fed’s Bostic said the Fed needs to do more in terms of interest rates, while saying the US is not in a recession. The Fed’s favorite inflation gauge gives the green light for another rate hike. AUD falls […]
US: Cost of Employment Index falls to 1.3% in the second quarter vs. 1.2% expected
The US Employment Cost Index rose 1.3% in the second quarter. The US dollar index remains in positive territory above 106.00. The US Bureau of Labor Statistics (BLS) reported on Friday that the Cost of Employment Index rose 1.3% in the second quarter, down from 1.4% in the first quarter, but slightly above the market […]
