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Archive for Currency Hedger
Archive for Currency Hedger
05
Jan

EUR/USD Price Forecast: Bears await break below 100-day SMA support near 1.1665 area

The EUR/USD pair attracts heavy selling for the second straight day and dives to a nearly four-week trough, around the 1.1670 region, during the Asian session on Monday. Bearish traders now await a sustained break below the 100-day Simple Moving Average (SMA) before positioning for an extension of the recent pullback from a three-month top, or […]

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05
Jan

USD/CAD edges higher to near 1.3750 due to geopolitical risks

USD/CAD extends its gains for the second successive session, trading around 1.3750 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) strengthens on safe-haven demand, driven by a renewed rise in geopolitical risks following the United States’ (US) capture of Venezuelan President Nicolas Maduro. US President Donald Trump said that the […]

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05
Jan

USD/CHF rises above 0.7930 in a cautious start of the week

The USD/CHF pair trades 0.15% higher to near 0.7930 during the Asian trading session on Monday. The Swiss Franc pair gains as the US Dollar (USD) trades higher amid risk-off market sentiment, following the United States’ (US) strike on Venezuela and the capture of President Nicolas Maduro to face drug-trafficking charges in New York. At the […]

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05
Jan

GBP/USD Price Forecast: Falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index (RSI) at 53 (neutral) has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, […]

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05
Jan

EUR/JPY softens to near 183.50 as Venezuela crisis strengthens safe-haven currency

The EUR/JPY cross loses ground to around 183.65 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) on rising geopolitical tensions in Venezuela. The Eurozone Sentix Investor Confidence report will be released later on Monday.  The US Army’s Delta Force attacked Venezuela and captured its President Nicolás Maduro, along with […]

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05
Jan

Japanese Yen Slips Despite Hawkish Ueda Remarks

The Japanese yen depreciated past 157 per dollar on Monday, hitting a two-week low even after Bank of Japan Governor Kazuo Ueda reiterated that the central bank will continue raising interest rates if economic and price projections materialize. His comments underscore growing confidence that Japan is moving beyond its long-standing deflationary period toward a more […]

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05
Jan

Korean Won Retreats on Policy Gaps and Regional Tensions

The South Korean won depreciated to around 1,447 per dollar on Monday, retreating after a brief stabilization as investors weighed policy uncertainty following a major government restructuring and renewed geopolitical tensions. Market caution heightened after the government formally split the Ministry of Economy and Finance into two separate entities, which took effect on Friday, ending […]

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05
Jan

Aussie Dollar Extends Losses

The Australian dollar slid past $0.668 on Monday, extending losses from the previous week as renewed geopolitical tensions weighed on global risk sentiment. The commodity-heavy currency, used as a liquid proxy for global risk appetite, depreciated following the US capture of Venezuelan President Nicolas Maduro. The decline highlights how sensitive risk-linked currencies can be to […]

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05
Jan

Kiwi Dollar Near Two-Week Low

The New Zealand dollar weakened to around $0.576, hovering near a two-week low, as investors assessed the Reserve Bank of New Zealand’s policy outlook. The central bank has signalled that its easing cycle likely ended last year after delivering a cumulative 225 basis points of rate cuts, while also pushing back against expectations of a […]

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05
Jan

Yuan Holds Near 31-Month Peak

The offshore yuan edged lower below 6.98 per dollar, but remained near its highest level since May 2023, as investors assessed the latest PMI figures for signs on the country’s economic outlook. A private survey showed China’s composite PMI remained expansionary for the seventh straight month, though services activity recorded its softest growth in six […]

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