Currency Talk
EUR, Uncategorized, USD
EUR/USD Price Forecast: Sticks to gains above 1.1600 as bulls await ECB, US PPI
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
Technical Analysis, USD
United States Dollar Index weakens ahead of critical US inflation reports
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
NZD, Technical Analysis
New Zealand Dollar edges higher to near 0.5850 ahead of US PPI inflation data
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
GBP
British Pound rises as US Dollar weaken ahead of PPI data
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
CAD
USD/CAD Price Remains below 1.3800 as bearish bias prevails
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
NZD, Technical Analysis
NZD/USD Price Forecast: Rises in limited range with US CPI in focus
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 despite Federal Reserve (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, GBP
Euro remains steady against British Pound Gains due to ECB rate hike bets
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 […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, JPY
Euro recovers some early losses against Japanese Yen, ECB policy in focus
The Euro (EUR) claws back some of its early losses against the Japanese Yen (JPY) during the European trading session on Tuesday. At press time, EUR/JPY is down 0.3% to near 178.85 even after recovering from its intraday low of 177.85. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) […]
by Currency Hedger
- 0 Comments
- 2 months ago
INR
Indian Rupee slumps as oil prices rally further, prompting RBI intervention prospects
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly. As of writing, the MCX Crude Oil contract expiring on September 21 trades higher by over 2.5%, slightly above […]
by Currency Hedger
- 0 Comments
- 2 months ago
GBP, JPY
British Pound dips to 207.50 as Japanese Yen rallies, unfazed by Oil prices
The British Pound (GBP) extends losses on Wednesday as the Japanese Yen (JPY) rallies across the board, with investors bracing for a quarter-point rate hike by the Bank of Japan (BoJ) at next week’s monetary policy meeting. The GBP/JPY’s rebound from year-to-date lows at 207.10 was capped at the 209.00 area on Tuesday, and the pair retreated […]
by Currency Hedger
- 0 Comments
- 2 months ago