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EUR/JPY remains steady after three days of losses, trading around 178.60 during the Asian hours on Thursday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds beneath both the nine-period and 50-period […]
The AUD/USD pair holds steady above the 0.7200 mark through the Asians session on Thursday and remains close to its highest level since May 14, touched earlier this week. Traders seem hesitant and opt to wait for the key US inflation data for more cues about the Federal Reserve’s (Fed) policy path, which will drive the US Dollar […]
USD/CHF loses ground after registering gains in the previous day, trading around 0.8090 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) falls following a Reuters poll, in which the majority of economists said the Federal Reserve (Fed) will likely hold its interest rate steady at its September 15-16 meeting and for […]
The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday, though it lacks follow-through as traders seem hesitant ahead of the European Central Bank (ECB) meeting and the US Producer Price Index (PPI). Spot prices currently trade just below mid-1.1600s and remain close to a one-and-a-half-week high, touched on Wednesday. A 25 basis […]
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index data due to be released on Thursday and Consumer […]
The NZD/USD pair gathers strength to around 0.5845 during the early Asian session on Thursday, bolstered by a softer US Dollar (USD). All eyes will be on the upcoming Producer Price Index (PPI) data due on Thursday. Traders will keep an eye on the US inflation data later this week, which could shed fresh light on the […]
GBP/USD extends its winning streak for the fifth consecutive day, trading around 1.3540 during the Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index (PPI) data due on Thursday and Consumer Price Index (CPI) data on Friday, as these inflation reports could provide vital hints regarding the Federal Reserve’s monetary […]
USD/CAD extends its losses for the third consecutive day, trading around 1.3780 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is falling within the descending channel pattern, signalling a persistent bearish bias. USD/CAD is holding a bearish near-term bias as spot remains under both the nine-day and […]
The New Zealand Dollar (NZD) trades 0.13% higher at around 0.5860 against the US Dollar (USD) during the European trading session on Wednesday, but remains inside Tuesday’s trading range. The Kiwi pair gains as the US Dollar underperforms despiteย Federal Reserveย (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the […]
EUR/GBP remains steady after experiencing volatility, hovering around 0.8580 during European hours on Wednesday. However, the currency cross may gain ground as the Euro (EUR) could receive support ahead of the looming European Central Bank (ECB) monetary policy decision. The ECB is widely expected to hike interest rates at its September policy meeting on Thursday, driven by surging […]
