EUR/JPY scales higher for the fourth straight day amid the emergence of some JPY selling. The divergent BoJ-ECB policy expectations should keep a lid on the upside for the cross. Traders now look to ECB President Christine Lagarde’s speech for short-term opportunities. The EUR/JPY cross attracts follow-through buyers for the fourth straight day on Wednesday […]
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day’s fix of 7.1703 and 7.2642 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate […]
AUD/USD dips 0.20% to around 0.6200 on Friday. Upbeat Chinese GDP fails to offset RBA’s dovish signals. Trump’s impending tariff plans fuel cautious market sentiment. AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve the momentum sparked by China’s stronger-than-expected economic indicators. Persistent expectations of lower Australian rates and apprehension over possible […]
President-elect Donald Trump is expected to unveil a range of executive directives designed to jumpstart fiscal measures, tariffs and stimulus actions. Robust housing figures, including rising permits and starts, suggest that the United States economy remains on solid footing into the new year. Markets assess fresh Fed officials’ clues. The US Dollar consolidates further at […]
EUR/USD dips and lands around 1.0285 amid fading upside impetus. RSI edges up, still confined in negative territory and signaling lukewarm buying interest. MACD histogram remains flat with green bars, highlighting a lack of compelling bullish follow-through. The EUR/USD pair struggled to maintain upward momentum on Friday, slipping by 0.20% to settle around the 1.0285 […]
EUR/JPY finds support at Ichimoku cloud bottom, trading capped at upper edge at 161.45. Bearish momentum noted; faces resistance at 161.00 and 50-day SMA at 161.75. Decline below Ichimoku cloud could test deeper supports at 156.16 and 154.39. The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of […]
The NZD/JPY cross entered deeper negative territory on Wednesday, giving back 0.77% as it settled around 87.80. Source link
AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following stronger-than-anticipated US Nonfarm Payrolls (NFP) data, hovering near multi-year lows around 0.6150. The Federal Reserve’s (Fed) hawkish shift keeps US […]
US Dollar adds gains after NFPs figures
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December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across most major currency pairs. The Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rallies on renewed […]
EUR/USD falls for the fourth consecutive session before a modest uptick to 1.0310 on Friday. RSI hovers at 33, edging closer to oversold territory amid persistent bearish pressure. EUR/USD deepened its descent into fresh lows not seen since November 2022, briefly dipping below 1.0250 on Friday and the pair tallies four-day losing streak, reflecting an […]
USD/JPY hovers near 158.00 as it retreaces due to US economy creating 256,000 jobs last month, surpassing the forecasts. The US unemployment rate drops to 4.1%, with average hourly earnings slightly decreasing, influencing Fed rate cut projections. The US 10-year Treasury yield sees volatility, peaking at 4.788%. The USD/JPY remains subdued after hitting a six-month high […]
Here is what you need to know on Friday, January 10: Following Thursday’s quiet action in financial markets, the US Dollar (USD) stays resilient against its major rivals in the European morning on Friday. In the early American session, the US Bureau of Labor Statistics will release the jobs report for December, which will feature […]
