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The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive day and trading around 99.70 during the Asian hours on Wednesday. The Greenback has strengthened amid rising bond yields and surging oil prices, which have reignited concerns over persistent inflation […]
The GBP/USD pair declines to near 1.3500 during the early European trading hours on Wednesday. Ongoing tensions in the Middle East provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP). All eyes will be on the US August jobs report later on Friday. CNBC reported that the US […]
The USD/JPY pair touches a fresh high since July 31 on Wednesday, though it lacks follow-through buying and remains below 160.50 through the Asian session. The Japanese Yen (JPY) continues its relative underperformance on the back of fiscal concerns stemming from a surge in bond yields, which increases the cost of servicing Japan’s massive debt […]
NZD/USD gains ground for the second consecutive day, trading around 0.5840 during the Asian hours on Wednesday. During the September Monetary Policy Review, RBNZ Governor Anna Breman stated that the official cash rate (OCR) track remains closely aligned with the May projections. Breman noted that moving the OCR toward a neutral stance remains accommodative, allowing the central […]
The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions. Traders will keep an eye on the Eurozone Retail Sales and US employment data, which are due on Friday. Iranโs Islamic Revolutionary Guard Corps (IRGC) claimed it […]
The AUD/USD pair drops to a one-and-a-half-week low during the Asian session on Wednesday and currently trades around the 0.7135 region, down for the second straight day. The initial market reaction to Australia’s better-than-expected Q2 GDP print fades rather quickly amid some follow-through US Dollar (USD) buying, bolstered by rising US Federal Reserve (Fed) rate hike bets and escalating US-Iran tensions. […]
USD/CHF gains for the second successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) advances amid rising bond yields and surging oil prices, which have reignited concerns over persistent inflation and the likelihood of potential interest rate hikes. Driven by a global bond selloff, the […]
The Indonesian rupiah slipped toward IDR 17,780 per U.S. dollar on Wednesday, down for the second session as the dollar index strengthened to a near three-week high amid surging oil prices that stoked inflation concerns and reinforced views of a less accommodative Fed stance. Locally, caution emerged ahead of key domestic data due next week, […]
The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts. EURUSD (M15 interval) Source: xStation5
This analysis from the Overbalance series aims to identify three financial instruments, analysed primarily on the daily/four-hour (D1/H4) timeframe. The analysis utilises solely the Overbalance methodology, which enables the identification of points where a trend may continue or where a reversal may occur. Todayโs analysis covers three instruments, assessed solely in terms of their 1:1 […]
