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Archive for Currency Hedger
Archive for Currency Hedger
18
Nov

EUR/GBP trades flat near 0.8800 amid BoE rate cut speculation

The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR). The UK Consumer Price Index (CPI) and Producer Price Index (PPI) reports will be the […]

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18
Nov

Australian Dollar pares losses as US Dollar declines on market caution

The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair remained subdued after the Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting. The RBA Meeting Minutes showed that board members […]

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17
Nov

Chart of The Day – USD/JPY

Japan’s economy contracted in Q3 for the first time in six quarters, falling 0.4% q/q (−1.8% annualized). The decline is a result of U.S. tariffs, which hit exports, while new housing regulations weakened demand for homes. Although the slowdown was milder than expected, it increased pressure on policymakers to implement a new fiscal package — […]

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17
Nov

AUD/JPY Bullish momentum holds above EMA near 100.50

The AUD/JPY cross loses ground near 100.85 during the early European session on Monday. The potential downside for the cross might be limited as the stronger-than-expected Australian employment data reinforced expectations for a cautious stance from the Reserve Bank of Australia (RBA).  Additionally, Japan’s Cabinet Office showed on Monday that the Japanese economy contracted by an annualized […]

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17
Nov

USD/INR consolidates below 89.00 as Indian economic outlook offsets USD strength

The USD/INR pair extends its sideways consolidative price move through the Asian session on Monday and remains confined in a familiar range held over the past two weeks or so. Spot prices currently trade around the 88.75 region, down less than 0.10% for the day and well within striking distance of the all-time high, touched […]

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17
Nov

USD/CHF holds gains near 0.7950 as expectations for a December Fed rate cut fade

USD/CHF continues to gain ground for the second successive session, trading around 0.7950 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains amid diminishing likelihood of a Federal Reserve (Fed) interest rate cut in December. Traders are preparing for a wave of delayed United States (US) economic data after the government’s […]

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17
Nov

EUR/JPY slips near 179.50 after less disappointing Japan’s preliminary Q3 GDP data

EUR/JPY extends its losses for the second consecutive day after pulling back from a record high of 179.97 reached in the previous session, trading around 179.40 during the Asian hours on Monday. The currency cross remains subdued as the Japanese Yen (JPY) holds ground after the release of better-than-expected Japan’s Gross Domestic Product (GDP) data […]

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17
Nov

EUR/USD falls to near 1.1600 due to fading Fed rate cut bets

EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) receives support from cautious remarks given by US Federal Reserve (Fed) officials, diminishing the likelihood of an interest rate cut in December. Kansas City Fed President Jeffery Schmid said on Friday that […]

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17
Nov

GBP/USD weakens to near 1.3150 as BoE rate cut expectations grow on weak UK data

The GBP/USD pair declines to near 1.3155 during the early Asian session on Monday. The Pound Sterling (GBP) softens against the US Dollar (USD) amid concerns about the UK’s fiscal debt and weak economic data from the UK. Bank of England (BoE) External Member Catherine Mann is set to speak later on Monday.  The pound loses […]

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17
Nov

USD/CAD holds gains near 1.4050 due to declining Oil prices

USD/CAD edges higher after registering modest losses in the previous session, trading around 1.4030 during the Asian hours on Monday. The pair advances as the commodity-linked Canadian Dollar (CAD) struggles amid lower crude Oil prices. West Texas Intermediate (WTI) Oil price retreats after posting more than 2% gains in the previous session, trading around $59.30 […]

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