Currency Talk
EUR, GBP, INR, Market Analysis, Technical Analysis, USD
Indian Rupee Leads Currency Losses as Asian FX Markets Show Mixed Performance
Today Markets Analysis The Indian rupee emerged as the weakest-performing major currency in the latest foreign exchange session, declining 0.38%, while the Japanese yen also recorded modest losses as broader currency markets remained relatively subdued. The rupee’s decline contrasted with largely unchanged movements in the British pound, euro and US dollar index, highlighting a divergence […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds gains near 1.3450, maintains constructive bias above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3445 during the early European session on Tuesday. However, markets might turn cautious later in the day ahead of the release of the US October Consumer Price Index (CPI) inflation report. Last week, the BoE raised its benchmark interest rate by 25 basis points (bps) to 4.00%, […]
by Currency Hedger
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- 2 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Trades near 177.50 after rising above nine-day EMA
EUR/JPY gains ground for the second successive day, trading around 177.30 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias. The EUR/JPY cross is maintaining a mildly bearish bias as it holds below the 50-day […]
by Currency Hedger
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- 2 days ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Extends Gains as Dollar Weakens and Economic Growth Supports Sentiment
Today Markets Analysis The Indonesian rupiah strengthened to around IDR 18,050 per US dollar on Tuesday, extending gains for a second consecutive session as a softer US dollar, stabilising energy prices and resilient domestic economic indicators supported the currency. The rupiah outperformed other regional Asian currencies, which largely traded within narrow ranges as investors positioned […]
by Currency Hedger
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- 2 days ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Weakens as Foreign Investors Extend Equity Selling Streak
Today Markets Analysis The South Korean won weakened to approximately 1,344 per US dollar on Tuesday, surrendering some of the previous session’s gains as continued foreign equity outflows weighed on demand for the domestic currency. Foreign investors sold a net KRW 693 billion (approximately $514 million) worth of South Korean equities on Monday, marking their […]
by Currency Hedger
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- 2 days ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Weakens below 109.50 as bearish signals reinforce downside bias
The AUD/JPY cross trades in negative territory around 109.30 during the early European trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD), bolstered by heavy official intervention. According to quarterly figures released by the Ministry of Finance (MOF) on Monday, Japan conducted currency market interventions on three days between July […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
British Pound steadies below 1.3450 ahead of US CPI data
The GBP/USD pair holds steady around 1.3445 during the early Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of US Consumer Price Index (CPI) inflation data later in the day. Also, Bank of England (BoE) policymaker Sarah Breeden is set to speak. Stronger-than-expected US Nonfarm Payrolls (NFP) data have reinforced […]
by Currency Hedger
- 0 Comments
- 2 days ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Holds Gains as Election Outlook and Improved Risk Appetite Support Kiwi
The New Zealand dollar remains around $0.563 after recording its largest one-day gain since April, with political developments and improved global risk appetite providing support. The incumbent National Party has gained an early advantage in its bid to retain power, raising expectations that the Reserve Bank of New Zealand (RBNZ) will maintain its current inflation-focused […]
by Currency Hedger
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- 2 days ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen Weakens Towards 158 Despite Hawkish Bank of Japan Signals
The Japanese yen has weakened towards 158 per US dollar, surrendering part of its previous session’s gains despite increasingly hawkish signals from the Bank of Japan (BOJ). Policymakers appear broadly aligned on the need for further interest-rate increases, with underlying inflation approaching the central bank’s 2% price stability target. However, expectations of tighter monetary policy […]
by Currency Hedger
- 0 Comments
- 2 days ago
CNH, Market Analysis, Technical Analysis
Offshore Yuan Holds Firm as China’s Trade Surplus Breaks Through $1 Trillion
The offshore yuan remains firm around 6.66 per US dollar, supported by exceptionally strong Chinese trade figures and continued demand for technology-related exports. China’s trade surplus has exceeded the $1 trillion threshold for only the second time on record, reinforcing the country’s external trade position and providing underlying support for the currency. October export growth […]
by Currency Hedger
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- 2 days ago