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Archive for Currency Hedger
Archive for Currency Hedger
19
Nov

NZD/USD tumbles below 0.5650 on RBNZ rate cut bets

The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New Zealand (RBNZ) exert some selling pressure on the New Zealand Dollar (NZD) against the Greenback. The FOMC Minutes will be in the spotlight later on Wednesday.  New Zealand’s Unemployment […]

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19
Nov

USD/CHF stands firm near 0.8000; await break through 50-day SMA ahead of FOMC minutes

The USD/CHF pair prolongs its recent recovery from the 0.7880-0.7875 region, or a nearly one-month low touched last week, for the fourth straight day and climbs to an over one-week high during the Asian session on Wednesday. Spot prices currently trade around the 0.8000 psychological mark, with bulls looking to build on the momentum further […]

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19
Nov

Japanese Yen sticks to modest gains amid safe-haven flow; lacks follow-through

The Japanese Yen (JPY) sticks to modest intraday recovery gains against a softer US Dollar (USD), though it lacks follow-through and remains close to a nine-month low touched the previous day. Concerns about the US economy keep the USD bulls on the defensive and weigh on investors’ sentiment, which, in turn, is seen as a […]

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18
Nov

Chart of The Day – USD/JPY

The USD/JPY is currently trading around 155.40. Today’s movements remain clearly influenced by fundamental factors, with the balance of power between Japan and the United States still favoring the dollar. Despite the deterioration in global sentiment, markets are not turning to the yen, highlighting its structural weakness caused by the BOJ’s policy and the wide interest […]

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18
Nov

GBP/USD remains subdued around 1.3150 as UK Chancellor Reeves abandons tax rises

GBP/USD remains subdued for the third successive session, trading around 1.3150 during the Asian hours on Tuesday. The pair struggles as the Pound Sterling (GBP) comes under strain after the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves abandoned planned income-tax rises. The decision has raised questions about the UK’s fiscal outlook, despite the Office […]

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18
Nov

EUR/JPY Price Forecast: Key upside barrier emerges near 180.00

The EUR/JPY cross declines to near 179.70 during the early European session on Tuesday. The cross retreats after reaching new record highs in the previous session. However, the potential downside for the cross might be limited amid the ongoing weakening of the Japanese Yen (JPY). Japan’s Prime Minister Sanae Takaichi urged the Bank of Japan […]

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18
Nov

USD/INR opens flat despite improving US-India trade deal hopes

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday. The USD/INR pair continues to trade in a tight range around 88.85, with investors remaining on the sidelines as the United States (US) and India have still not reached a trade deal, despite having negotiations from a long period. The US […]

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18
Nov

Japanese Yen recovers from nine-month low against USD amid intervention fears

The Japanese Yen (JPY) stages an intraday recovery from the lowest level since early February, touched against its American counterpart during the Asian session on Tuesday, though it lacks follow-through buying or bullish conviction. The recent fall in the JPY prompted some verbal intervention from Japan’s Finance Minister Satsuki Katayama. This, along with the prevalent […]

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18
Nov

EUR/USD Holds retracement near 1.1600 from immediate highs

The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656. The major currency pair strives to regain strength as the US Dollar (USD) struggles to extend two-day recovery move, with investors turning cautious ahead of the United States (US) Nonfarm […]

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18
Nov

USD/CHF falls to near 0.7950 due to US-Swiss tariff deal, SNB steady

USD/CHF retraces its recent gains registered in the previous session, trading around 0.7950 during the Asian hours on Tuesday. The Swiss Franc (CHF) gains against the US Dollar (USD) after Switzerland secured a deal to lower US tariffs to 15%, a significant drop from the 39% rate applied during the Trump administration. The development offers […]

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