Currency Talk
GBP, JPY
Pound Sterling falls to one-month low against surging Japanese Yen
GBP/JPY extends its steep decline on Thursday as the Japanese Yen (JPY) strengthens sharply across the board for the second consecutive day. The cross fell 1.13% on Wednesday and is down around 1.60% at the time of writing, trading near 210.60, its lowest level in a month. Sellers are now eyeing the post-July coordinated intervention […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: 20-day EMA acts as key support level
The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair gains as the US Dollar underperforms due to multiple headwinds, weak United States (US) ADP Employment Change data for August and the Federal Reserve (Fed) pushing back upside inflation risks. US Dollar […]
by Currency Hedger
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- 2 months ago
Currency Talk, USD
South African Rand Shows Resilience
The South African rand traded around 16.1 per USD, approaching its highest level since March, helped by a softer dollar and higher prices for key precious metals, inlcluding gold and PGMs. Developments in the Middle East continued to influence global risk sentiment, with investors assessing the implications for inflation and the path of interest rates. […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, JPY
Euro tumbles as Japanese Yen surges on intervention threats
EUR/JPY falls sharply on Thursday and trades around 181.40 at the time of writing, down 1.37% on the day. The Japanese Yen (JPY) strengthens significantly against the Euro (EUR), supported by renewed warnings from Japanese authorities over foreign exchange market moves. Japan’s top currency diplomat Atsushi Mimura reiterates on Thursday that authorities remain ready to act in […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, GBP, Technical Analysis
EUR/GBP at two-month highs following Services PMIs
The Euro (EUR) extends gains against a weaker British Pound (GBP) for the fourth consecutive day on Thursday, following downward revisions of both the Eurozone and UK Services Purchasing Managers’ Index (PMI) figures. The EUR/GBP pair maintains its bid tone, with bulls targeting a previous support area a few pips above 0.8600 after rallying nearly 0.5% so far this week. Eurozone […]
by Currency Hedger
- 0 Comments
- 2 months ago
JPY, USD
Japanese Yen strengthens following hawkish BoJ comments
USD/JPY extends its losses for the second consecutive day, trading around 156.80 during the European hours on Thursday. Yen jump revives talk of fresh Japan intervention Analysts at ING highlight that the “near 1% fall in USD/JPY over a couple of minutes yesterday afternoon, and another slide overnight, sparked talk of another round of intervention,” […]
by Currency Hedger
- 0 Comments
- 2 months ago
INR, Technical Analysis, USD
Indian Rupee gets supercharged by strong inflows through FCNR deposits
The Indian Rupee (INR) opens strongly against the US Dollar (USD) on Thursday, extending the rally to near 94.28. The Indian currency gains significantly as a juggernaut mobilisation of foreign exchange in India through the Reserve Bank of India’s (RBI) Foreign Currency Non-Resident (FCNR) (B) deposits window has increased FX reserves. According to a Reuters […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, Institutional
Trade of The Day – EUR/USD
Facts: Recommendation: Trade: Long position on EURUSD at market price Target: 1.1677, 1.1745 Stop: 1.1535 Opinion: EURUSD has been trading in an upward trend recently. Looking at the D1 interval, one can see that the recent downward correction reached the key support, where buyers appeared twice .The area 1.1580 is marked with previous price reactions […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, JPY
Chart of the Day: USDJPY sees another sharp drop; the pair is already down 1.25% intraday
The USD/JPY pair saw a sharp sell-off today, falling by over 1.2 per cent and testing the day’s low at 156.35 . The market is rapidly pricing in the growing risk of direct intervention by the Japanese Ministry of Finance (MoF) and signs of a hawkish shift in the Bank of Japan’s (BoJ) policy. 1. […]
by Currency Hedger
- 0 Comments
- 2 months ago
EUR, Institutional, Technical Analysis
Trade of The Day – EUR/USD
Facts: Recommendation: EURUSD (D1) Source: xStation5 OPINION : On the EURUSD pair, a clear repricing of both the probability and the scale of interest rate hikes can currently be observed, which should trigger a correction in the euro versus the US dollar. Price growth in Europe is weaker than in the US, inflation expectations are […]
by Currency Hedger
- 0 Comments
- 2 months ago