Currency Talk
EUR, Market Analysis, Technical Analysis
Euro retreats further as solid UK data supports British Pound
The Euro (EUR) remains on its back foot against the British Pound (GBP) on Friday, as UK macroeconomic data released on Tuesday beat expectations while Eurozone’s figures disappointed. The EUR/GBP pair hit session lows around 0.8440 on Friday, down from Thursday’s highs near 0.8480, and is on track to complete a three-week bearish cycle. Data […]
by Currency Hedger
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- 1 week ago
JPY, Market Analysis, Technical Analysis
Japanese Yen holds gains on BoJ’s hawkish tilt
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) against the US Dollar (USD). BoJ board member Junko Koeda said on Thursday that the central bank should not become overly cautious about […]
by Currency Hedger
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- 1 week ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Euro stalls below 1.1240 with Eurozone Inflation data on tap
The Euro (EUR) ticks higher against the US Dollar (USD) on Friday and is on track to its first weekly gain in more than one month, as the recent pullback in US Treasury yields and dovish comments by Federal Reserve officials have undermined speculative demand for the Greenback. The pair, however, has been capped at […]
by Currency Hedger
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- 1 week ago
CHF, Market Analysis, Technical Analysis
Swiss Franc edges lower despite weaker US Dollar, safe-haven demand
USD/CHF inches higher after registering nearly 1% losses in the previous day, trading around 0.8270 during Asian hours on Friday. The upside of the pair could be restrained as the US Dollar (USD) declines following recent comments from key financial leaders. Speaking at a fireside chat with International Monetary Fund (IMF) Managing Director Kristalina Georgieva […]
by Currency Hedger
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- 1 week ago
INR, Market Analysis, Technical Analysis
Indian Rupee gains for fifth straight day against US Dollar
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Marketing Companies (OMCs). In the opening trade on Friday, the USD/INR pair posts a fresh over five-week low at 94.69. […]
by Currency Hedger
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- 1 week ago
GBP, Market Analysis, Technical Analysis
British Pound gathers strength to near 1.3300 on Fed policy uncertainty
The GBP/USD pair gains traction to around 1.3300 during the early European trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) amid hawkish remarks from Bank of England (BoE) Governor Andrew Bailey and stronger UK Gross Domestic Product (GDP) data. Bailey said on Friday that soaring energy prices so […]
by Currency Hedger
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- 1 week ago
CAD, Market Analysis, Technical Analysis
Canadian Dollar stands firm near two-week high vs weak USD amid bullish oil prices
The USD/CAD pair remains under some selling pressure for the second straight day on Friday, trading around the 1.4175-1.4170 region during the Asian session and close to an over two-week low set the previous day. Spot prices seem poised to register weekly losses, and a combination of negative factors backs the case for further depreciation. […]
by Currency Hedger
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- 1 week ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside bias
The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY). Furthermore, hawkish comments from a Bank of Japan (BoJ) policymaker could provide some support to the JPY and act […]
by Currency Hedger
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- 1 week ago
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: 157.50 pivotal support holds after Warsh’s remarks
The USD/JPY pair fades an Asian session uptick to the 158.15-158.20 region, sliding back below the 158.00 mark following Federal Reserve (Fed) Chair Kevin Warsh’s opening remarks at the Annual Meetings of the International Monetary Fund and World Bank Group, in Bangkok. In a conversation with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, […]
by Currency Hedger
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- 1 week ago
AUD, EUR, Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Leads FX Gainers as Australian Dollar and Pound Strengthen, While US Dollar Softens
The New Zealand dollar is leading major currency gainers, appreciating 0.52%, while the Australian dollar advances 0.34% and the British pound rises 0.17%. The Japanese yen also edges higher, while the Indian rupee comes under pressure and the US dollar index declines. The euro remains broadly unchanged. The latest moves point to a mixed currency […]
by Currency Hedger
- 0 Comments
- 1 week ago