Currency Talk
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Softens below 178.00, bearish outlook remains intact under 100-day SMA
The EUR/JPY cross trades with mild losses near 177.70 during the early European trading hours on Tuesday. The Euro (EUR) weakens against the Japanese Yen (JPY) as street riots in France raise concerns over political stability. Zew Surveys from Germany and the Eurozone will be released later on Tuesday. Also, European Central Bank (ECB) policymaker […]
by Currency Hedger
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- 4 days ago
GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Reflects strength above 20-day EMA ahead of UK job data
The British Pound (GBP) is up 0.22% higher at around 1.3333 against the US Dollar (USD) during the Asian session on Tuesday. The GBP/USD pair trades higher ahead of the United Kingdom (UK) labor market data for three months ending August, which will be published at 06:00 GMT. According to estimates, the ILO Unemployment Rate […]
by Currency Hedger
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- 4 days ago
CHF, Market Analysis, Technical Analysis
Swiss Franc gains as US Dollar weakens on Fed rate pause bets
USD/CHF depreciates after posting modest gains the previous day, trading around 0.8250 during Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) weakens under growing market expectations that the Federal Reserve (Fed) will leave interest rates unchanged. Fed Chair Kevin Warsh expressed optimism last week regarding the resilience of the US […]
by Currency Hedger
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- 4 days ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Multiple headwinds for Euro backs downside bias
The Euro (EUR) is up 0.15% at around 1.1230 against the US Dollar (USD) during the Asian trading session on Tuesday. The major currency pair gains as the US Dollar is under pressure ahead of Meta Q3 earnings on Wednesday. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six […]
by Currency Hedger
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- 4 days ago
Market Analysis, Technical Analysis, USD
United States Dollar Index weakens below 102.00 as traders assess Fed rate outlook
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.80 in the early European trading hours on Tuesday. The DXY declines as traders continue to assess the outlook for US interest rates ahead of next week’s Federal Reserve […]
by Currency Hedger
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- 4 days ago
CAD, Market Analysis
Canadian Dollar rallies as oil prices rise, US Dollar softens
USD/CAD extends its losses for the fourth successive day, trading around 1.4090 during Asian hours on Tuesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from an upside in oil prices. Crude oil prices advance as market traders weigh escalating geopolitical conflicts in the Middle East and Eastern Europe. In the […]
by Currency Hedger
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- 4 days ago
KRW, Market Analysis, Technical Analysis, USD
Currency Forecast: South Korean Won Leads FX Gains as US Dollar Index Falls 0.21%
The South Korean won is leading the latest foreign-exchange market gains, appreciating by 0.47%, as the Norwegian krone, Swedish krona, British pound, euro and Japanese yen also strengthen. The US dollar index is down 0.21%, placing the dollar on the losing side of the latest currency moves and providing a more supportive backdrop for several […]
by Currency Hedger
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- 4 days ago
CNH, JPY, KRW, Market Analysis, Technical Analysis
Asian Currency Forecast: South Korean Won Leads Regional Gains as Yuan Strengthens and Yen Consolidates
Asian currencies are showing mixed but modestly positive momentum, with the South Korean won rising 0.40% to lead regional gains and the Chinese yuan advancing 0.06%. The Japanese yen remains little changed, highlighting differences in investor sentiment and the factors influencing each currency. The won’s advance puts it at the forefront of the latest regional […]
by Currency Hedger
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- 4 days ago
CNH, Market Analysis, Technical Analysis
Chinese Yuan Forecast: Offshore Yuan Hits Four-Year High Near 6.68 as Stronger Growth Eases Pressure for Stimulus
The offshore Chinese yuan has strengthened to around 6.68 per US dollar, extending its advance for a fourth consecutive session and reaching its strongest level since June 2022. Better-than-expected economic growth has reduced the urgency for additional monetary easing, providing support for the currency as investors reassess China’s near-term policy outlook. China’s economy grew by […]
by Currency Hedger
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- 4 days ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Forecast: USD/JPY Holds Near 158.5 as Hawkish BOJ Signals Fail to Lift Currency
The Japanese yen is hovering around 158.5 per US dollar, struggling to recover despite hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. While underlying inflation is approaching the central bank’s 2% target, supported by a moderate economic recovery and tight labour market conditions, the yen continues to face pressure from interest-rate differentials and […]
by Currency Hedger
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- 4 days ago