The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a softer note around 98.70 during the early Asian session on Tuesday. The DXY edges lower on the prospect of a US interest rate cut. The Federal Reserve (Fed) interest rate decision will take center stage on […]
Archive for Currency Hedger
Archive for Currency Hedger
C Hedger
28
Oct
Oct
Japanese Yen sticks to gains amid intervention fears, ahead of Fed/BoJ rate decisions
The Japanese Yen (JPY) strengthens across the board during the Asian session on Tuesday as comments from Japan’s Economics Minister Minoru Kiuchi fueled speculations about a possible government intervention to stem further falls in the domestic currency. This, along with some repositioning trade ahead of the crucial Federal Reserve (Fed) and the Bank of Japan (BoJ) rate […]
28
Oct
Oct
USD/CAD remains below 1.4000 amid dovish tone surrounding Fed decision
USD/CAD extends its losses for the second consecutive day, trading around 1.3990 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) faces challenges due to the increased likelihood of a rate cut by the US Federal Reserve (Fed) on Wednesday. The Fed is widely expected to lower interest rates by another 25 basis […]
28
Oct
Oct
Australian Dollar holds gains as US Dollar declines on Fed rate cut bets
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday for the second successive session. The AUD/USD pair gained ground due to decreasing rate cut bets by the Reserve Bank of Australia (RBA). Markets are now assigning only a 15% probability to a rate cut next week, a steep drop from 60% earlier, following […]
27
Oct
Oct
EUR/GBP declines as BoE and ECB divergence, French political risks weigh
EUR/GBP retreats on Monday, ending a three-day winning streak, and trades around 0.8725 at the time of writing, down 0.15% for the day. The pair remains just below the 0.8750 resistance area, a one-month high reached on Friday. Expectations for further easing by the Bank of England (BoE), together with concerns over the United Kingdom’s (UK) […]
27
Oct
Oct
GBP/USD: Likely to trade in a range between 1.3295 and 1.3360 – UOB Group
Pound Sterling (GBP) could trade in a range between 1.3295 and 1.3360. In the longer run, for a continued decline, GBP must first close below 1.3295, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP to continue declining, if it falls below 1.3295 24-HOUR VIEW: “Last Thursday, GBP dropped to a low […]
27
Oct
Oct
Chart of The Day – JP225
Japan’s Nikkei 225 index surpassed the 50,000 mark for the first time in history on Monday, closing up 2.46% at 50,512 points. The rally reflected optimism over easing U.S.–China trade tensions and strong global risk appetite following record gains on Wall Street. Investor sentiment in Japan was further supported by expectations that the Bank of Japan will maintain its ultra-loose monetary policy at this […]
27
Oct
Oct
EUR/USD edges lower on risk-on sentiment amid hopes of a US-China trade deal
EUR/USD is pulling lower from the 1.1650 area, trading at 1.1625 at the time of writing on Monday, yet holding most of the previous days’ gains after bouncing up from 1.1580 lows last week. Market hopes of a trade deal between the US and China have improved investors’ sentiment in an event-packed week, with the Federal Reserve (Fed) […]
27
Oct
Oct
Pound Sterling struggles against US Dollar as UK labor market risks linger
The Pound Sterling (GBP) gives up early gains against the US Dollar (USD) on Monday, flattening at around 1.3310 during the European trading session and on track to extend its losing streak for a seventh trading day. The GBP/USD pair falls as investors seem to see the glass half-empty regarding the state of the United […]
27
Oct
Oct
Economic Calendar – FED’s Interest Rate Decision Wednesday
We’re starting an interesting new week on the financial markets. Although today’s calendar is exceptionally empty, important economic events await later in the week. The most important, of course, is the Fed’s interest-rate decision on Wednesday. After Friday’s inflation data, the market is fully pricing in two cuts at the next two meetings. More important, […]
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