The GBP/USD pair trades on a flat note around 1.3465 during the early European trading hours on Thursday. Markets turn cautious as traders await the upcoming key US economic data this week. The weekly US Initial Jobless Claims report is due later in the day ahead of the highly anticipated Nonfarm Payrolls (NFP) reading. The US jobs data […]
The EUR/GBP pair recovers its early losses and trades marginally higher to near 0.8680 during the late Asian trading session on Thursday. The pair gains as investors brush off soft Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for December. Eurostat reported on Wednesday that the headline HICP grew at an annualized pace of 2%, as expected, slower […]
The Japanese Yen (JPY) reverses a modest Asian session dip on Thursday and, for now, seems to have snapped a two-day losing streak against a broadly weaker US Dollar (USD). The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path, along with intervention fears, act as a tailwind for […]
The USD/CHF pair holds onto two-day gains near 0.7975 during the late Asian trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar (USD) gains, following strong United States (US) ISM Services Purchasing Managers’ Index (PMI) data for December. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value […]
The GBP/JPY cross struggles to build on a modest Asian session uptick on Thursday and currently trades near the lower end of its daily range, just below the 211.00 mark. Spot prices, however, lack follow-through selling, warranting some caution before positioning for an extension of the recent pullback from the 212.15 region, or the highest […]
EUR/CAD extends its gains for the fourth successive session, trading around 1.6200 during the Asian hours on Thursday. The currency cross advances as the commodity-linked Canadian Dollar (CAD) comes under pressure after US President Donald Trump signaled efforts to restore Venezuelan crude imports, stoking concerns over increased supply and tougher competition for Canadian oil demand. […]
The offshore yuan rose to around 6.98 per dollar on Thursday, rebounding from the previous session and moving closer to the psychologically important 7-per-dollar level, largely driven by exporters stepping up conversions of dollar holdings into the local currency. Toward the end of the year, exporters typically increase foreign-exchange conversions to meet a range of […]
EUR/JPY trades around 182.90 on Wednesday at the time of writing, down 0.10% on the day. The cross remains under pressure as the Japanese Yen (JPY) benefits from a more defensive market environment, amid rising geopolitical tensions in Asia and continued firm signals from the Bank of Japan (BoJ). On the European side, the latest […]
EUR/USD is practically flat, trading at 1.1685 at the time of writing, with the bearish bias from December highs intact. Trading ranges remain tight on Wednesday with investors awaiting the release of a string of key US employment figures, largely unfazed by the growing geopolitical tensions after the intervention in Venezuela. The Euro (EUR) extended its […]
EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline […]