Currency Talk
Currency Talk, USD
Rupiah Extends Losses Amid Firmer Dollar
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, […]
by Currency Hedger
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- 1 month ago
EUR, Institutional, Technical Analysis, USD
Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EUR/USD Reacts
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
by Currency Hedger
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- 1 month ago
EUR, Institutional, Technical Analysis
Currency Talk – GBP/AUD, EUR/GBP, GBP/CAD
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. Today’s analysis covers three instruments, assessed solely in terms of their 1:1 […]
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc moves little following Real Retail Sales data
USD/CHF appreciates after registering losses in the previous day, trading around 0.8100 during the Asian hours on Tuesday. The pair remains steady despite stronger-than-expected Swiss economic data. July Real Retail Sales expanded by 2.3% year-over-year, outperforming the forecasted 1.3% gain and building on June’s upwardly revised 1.9% growth rate. SVME – Purchasing Managers’ Index will […]
by Currency Hedger
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- 1 month ago
EUR, GBP, Technical Analysis
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data. Traders brace for the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which will be published later on Tuesday. Data released by Destatis on Tuesday showed […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee gets tailwinds from upbeat Q2 GDP, narrowed fiscal deficit
The Indian Rupee (INR) gains sharply against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit. According to a Reuters report, there has been persistent RBI intervention […]
by Currency Hedger
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- 1 month ago
EUR, JPY, Technical Analysis
EUR/JPY Price – Hovers around 185.50 near nine-day EMA support
EUR/JPY inches lower after registering gains in the previous day, trading around 185.50 during Asian hours on Tuesday. The technical analysis of a daily chart indicates that the currency cross is remaining close to the lower boundary of the ascending channel pattern, signalling a critical juncture. It offers a high-reward, low-risk entry point for traders; […]
by Currency Hedger
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- 1 month ago
EUR, Technical Analysis, USD
Euro holds gains above 1.1600 ahead of Eurozone HICP inflation data
The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh. Traders will take more cues from the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which is due […]
by Currency Hedger
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- 1 month ago
CAD, Technical Analysis, USD
Canadian Dollar consolidates vs USD as rising oil prices and Fed hike bets clash
The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day’s retracement slide from an over two-week top. A further escalation of tensions between the US and Iran acts as a tailwind for crude oil prices, […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
Japanese Yen bulls seem hesitant amid fiscal woes, wide US-Japan rate gap
The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day. Anxiety over Japan’s massive national debt burden, surging long-term borrowing costs, and expansionary fiscal policies continue to undermine confidence in the Japanese Yen (JPY). Furthermore, the […]
by Currency Hedger
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- 1 month ago