Share: Euro remains under pressure near 1.1100 against the US Dollar. Stocks in Europe closed mostly with gains on Friday. EUR/USD risks further pullbacks in the short-term horizon. US, Eurozone economic calendars are empty at the end of the week. The Euro (EUR) extends the bearish performance against the US Dollar (USD) at the end of the week, […]
Share: GBP/JPY trades with losses at the 180.20 area, recording a fourth consecutive day of losses. Exports in Japan expanded at a slower pace than expected in June. Dovish bets on the BoE limit the GBP’s advance. The GBP/JPY retreats below 181.0 on Thursday as markets stay cautious ahead of Japanese inflation figures and the […]
Share: NZD/USD turns lower for the fourth straight day and drops to a one-week low on Wednesday. The initial reaction to stronger NZ inflation data fades quickly amid China’s economic woes. A goodish pickup in the USD demand exerts additional pressure and contributes to the slide. The NZD/USD pair fades an intraday bullish […]
Share: US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six currencies, shows slight gains after reaching a fresh 15-month low of 99.578. June’s US CPI grew 3.0% YoY, underperforming the 3.1% forecast, while Core CPI fell by 0.5%. Concurrently, June’s PPI rose less than the expected 0.1% […]
Share: USD/MXN extends its losses, falling past the 16.80 mark, as the Mexican Peso benefits from easing US inflation. US Bureau of Labor Statistics shows import and export prices trending down, reinforcing previous reports of easing consumer and producer prices. Despite this, the US Federal Reserve is expected to lift rates 25 bps […]
Share: EUR/JPY extends the decline to the vicinity of the 154.00 region. The loss of the latter exposes the interim 55-day SMA near 151.70. EUR/JPY accelerates its losses and trades at shouting distance from the 154.00 neighbourhood, or nearly 4-week lows, on Tuesday. The cross extends further its monthly retracement and threatens to […]
Share: Japanese Yen strengthens against the US Dollar, with USD/JPY tumbling amid falling US bond yields and a mixed market mood. BOJ data suggests wage increase among small and medium-sized firms; possible end to the massive stimulus triggers jump in JGBs. Traders anticipate US June CPI data; Fed officials express concerns over high […]
Share: USD/JPY attracts some buyers and sees a rally to near the 143.00 region Investors digest the US labor data, believing the Federal Reserve (Fed) may not hike twice this year. The possible FX intervention by the Japanese central bank might keep USD/JPY’s upside in check. Traders might prefer to wait on the […]
Share: On Friday, the EUR/JPY found support at the 155.40 area, near the 20-day SMA and then settled at 155.80 The JPY strengthen agains most of its rivals amid strong Labor Cash Earning data from Japan. Eyes on German CPI data next Tuesday. At the end of the week, the EUR/JPY traded with […]
Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines for the fifth month, defying estimates; CME FedWatch Tool shows heightened odds for a Fed rate hike. […]
Share: USD/CHF plunges to a two-month low of 0.8889, down 0.72%, due to weaker-than-expected US labor data and a weakened US Dollar. The pair breaches a two-month support trendline, extending losses below 0.8900. The next target is the year-to-date low of 0.8819, pending a breakthrough of the 0.8850 psychological level. If buyers reclaim […]
Share: The US dollar weakens across the board after the US official jobs report. EUR/USD gains momentum after breaking above 1.0930. The pair is heading for its highest weekly close since May. The EUR/USD pair gained momentum amid a weaker US Dollar following the release of US employment data. After breaking above 1.0930, […]
