The Indonesian rupiah remains under pressure near IDR 18,080 per US dollar, extending its weakness despite a softer greenback, falling US Treasury yields and a weaker dollar index. The currency has remained above the 18,000 threshold for a third consecutive session, highlighting the strength of domestic economic and fiscal concerns. The rupiah is on track […]
Market: GBP/JPYDirection: LongCurrent Market Price: 210.053Technical Bias: Bullish, subject to confirmation Trade Setup Trade Parameter Level Trade Direction Buy / Long Reference Market Price 210.053 Target 1 210.950 Target 2 211.830 Stop Loss 209.300 Key Support Zone 209.550–209.420 Technical Analysis GBP/JPY remains on watch for a potential bullish continuation following its previous rebound from the […]
The AUD/USD pair struggles to capitalize on the previous day’s bounce from sub-0.7000 levels and seesaws between tepid gains/minor losses during the Asian session on Friday. Nevertheless, spot prices seem poised to register strong weekly gains and remain close to the monthly high, touched on Thursday amid a supportive fundamental backdrop. The recent hawkish comments […]
USD/CHF holds ground after three days of losses, trading around 0.8210 during Asian hours on Friday. The currency pair has inched higher as the US Dollar (USD) recovers its daily losses despite mounting doubts regarding the sustainability of the AI trade. Investor confidence weakened after quarterly US earnings reports from several megacap technology companies failed […]
EUR/JPY gains ground after two days of losses, trading around 176.10 during Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, indicating a persistent bearish bias. The EUR/JPY cross is extending a corrective tone as it holds beneath the nine- and 50-period Exponential Moving […]
The EUR/USD pair trades in negative territory around 1.1210 during the early European trading hours on Friday. Worries about France’s ability to tackle its huge debt burden have hurt French government bonds and exert some selling pressure on the Euro (EUR) against the US Dollar (USD). France’s benchmark 10-year government bond yield climbed 6.5 basis […]
The Indian rupee is leading currency losses in the latest foreign-exchange market update, falling 0.47%, while the Japanese yen declines 0.10% and the British pound slips 0.09%. The euro and US Dollar Index remain little changed, highlighting a mixed session across major currency markets. The rupee’s sharper decline places the Indian currency under greater pressure […]
The New Zealand dollar is trading near a one-month high at approximately $0.569 against the US dollar, supported by growing expectations that the Reserve Bank of New Zealand (RBNZ) will continue tightening monetary policy to contain persistent inflation. The kiwi has gained 0.7% this week, marking its second consecutive weekly advance as markets increasingly price […]
The US dollar index is hovering around 101.6, near a three-week low, as falling Treasury yields and heightened uncertainty across technology and artificial intelligence stocks weigh on the greenback. Demand for government bonds has increased amid a deepening equity selloff, pushing the benchmark 10-year Treasury yield below 5% and reducing expectations for further Federal Reserve […]
The Indian rupee is struggling to extend its recovery against the US dollar, hovering around 94.80 per dollar as rising crude oil prices, persistent demand for US currency and capital outflows continue to weigh on the exchange rate. The reversal follows an eight-session rally that pushed the rupee to a more than six-week high near […]