AUD/USD prints gains on Friday after US Producer Price Index (PPI) data showed inflation easing. The US Core PPI rose by 0.2% MoM as expected, while annual PPI declined to 1.8%, increasing the likelihood of a Fed rate cut. Swaps markets show a 95.6% chance of a 25 bps Fed rate cut in November, up […]
USD/JPY edges higher, trading within a range of 148.00-149.50 as US 10-year yields rise to 4.104%. Momentum favors buyers, with a break above 149.50, exposing the key 150.00 level and resistance at the 200/100-DMA confluence at 151.20/21. A drop below 149.00 could lead to a pullback toward the October 8 swing low of 147.35. The […]
GBP/USD fails to gain traction amid mixed US economic data. Sellers remain in charge if prices remain below 1.3055; key support levels are eyed at 1.3001 and 1.2939. Buyers could regain control above 1.3055 and target the 50-DMA The Pound Sterling remains on the backfoot against the Greenback, yet it bounced off a four-week low of […]
USD/JPY breaks key resistance, trading at 149.31, as high US yields and dovish PM comments support the pair. The Relative Strength Index (RSI) suggests room for further upside, with the August 15 high of 149.39 and 150.00 as the next targets. Key support lies at 147.35, with sellers aiming to push the pair below the […]
AUD/USD trades with negative bias for the fifth straight day amid a modest USD strength. Disappointment over China’s stimulus update exerts additional pressure on the Aussie. Traders now look to FOMC minutes for short-term impetus ahead of US inflation figures. The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and […]
DXY snapped a five-day winning streak and seems to be taking a breather below 103.00 Fed easing expectations have been tempered following last week’s jobs report Fed speakers are expected to reiterate a gradual approach The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, witnessed a calm […]
EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s. The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair. Bets for another ECB rate cut in October undermine the Euro and further act as a headwind. The EUR/USD pair kicks off the new week on […]
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00. The USD/JPY […]
USD/JPY enters a bullish consolidation phase near its highest level since August 19. Bulls seem reluctant to place fresh bets ahead of the release of the US NFP report. BoJ rate hike uncertainty and reduced bets for a 50 bps Fed rate cut lend support. The USD/JPY pair is seen oscillating in a narrow range […]
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and […]
AUD/USD gains traction from risk-on sentiment and China’s stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, climbing by 0.20% to 0.6910. Optimism surrounding China’s stimulus measures, including monetary easing by the […]
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after […]
