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Currency Talk
GBP, Technical Analysis, USD
GBP strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
The GBP/USD pair edges higher to around 1.3530 during the early European trading hours on Friday. Hawkish rhetoric from a Bank of England (BoE) policymaker provides some support to the British Pound (GBP) against the US Dollar (USD). Traders will keep an eye on the US August employment report later on Friday. Bank of England (BoE) Chief […]
by Currency Hedger
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- 1 week ago
INR, Technical Analysis, USD
Indian Rupee trades close to two-month low ahead of US NFP data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but is close to its two-month high of 94.29 posted the previous day. The Indian currency strengthens due to strong inflows of foreign funds through the Reserve Bank of India’s Foreign Currency Non-Resident (FCNR) (B) scheme and diminished Federal Reserve (Fed) […]
by Currency Hedger
- 0 Comments
- 1 week ago
JPY, Technical Analysis, USD
Japanese Yen retreats from August highs as USD bears turn cautious ahead of US NFP
The USD/JPY pair stages a modest intraday recovery from the vicinity of the August monthly low and climbs back to the 156.50 area during the Asian session on Friday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited. The US Dollar (USD) attracts some buyers amid […]
by Currency Hedger
- 0 Comments
- 1 week ago
CHF, USD
Swiss Franc weakens ahead of Unemployment Rate data
USD/CHF gains ground after registering losses in the previous day, trading around 0.8080 during Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds gains after recovering daily losses; however, the upside of the Greenback could be limited due to easing hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook. Swiss Unemployment Rate would be […]
by Currency Hedger
- 0 Comments
- 1 week ago
AUD, JPY, Technical Analysis
AUD/JPY Price Rebounds above 112.50, while staying constrained below 100-day SMA
The AUD/JPY cross trades in positive territory near 112.80 during the early European trading hours on Friday. However, the potential upside for the cross might be limited as traders ramped up bets on a Bank of Japan (BoJ) interest rate hike, boosting the Japanese Yen (JPY). BoJ board member Hajime Takata said on Wednesday that […]
by Currency Hedger
- 0 Comments
- 1 week ago
EUR, JPY, Technical Analysis
EUR/JPY Trades near 181.50 after rebounding from descending channel bottom
EUR/JPY gains ground after two days of losses, trading around 181.50 during the Asian hours on Friday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. However, the EUR/JPY cross is maintaining a bearish near-term bias as it remains below the nine- and 50-day […]
by Currency Hedger
- 0 Comments
- 1 week ago
EUR, Technical Analysis, USD
EUR/USD Price – Strong recovery from 100-day MA ahead of US NFP data
The Euro (EUR) holds onto previous day’s gains at around 1.1630 against the US Dollar (USD) during the Asian trading session on Friday. The major currency pair gained significantly on Thursday as the US Dollar faced sharp selling pressure, following dovish remarks from Federal Reserve (Fed) Governor Christopher Waller. At press time, the US Dollar Index (DXY), which […]
by Currency Hedger
- 0 Comments
- 1 week ago
NZD, Technical Analysis, USD
New Zealand Dollar gains momentum to near 0.5900, US NFP data looms
The NZD/USD pair gathers strength to near 0.5895 during the Asian trading hours on Friday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) following Federal Reserve (Fed) Governor Christopher Waller’s remarks. Traders brace for the US August employment report later on Friday. Waller said on Thursday that he is leaning toward keeping interest rates steady at the […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, JPY
Japan’s Katayama says will closely monitoring bond markets with heightened urgency
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the officials will closely monitoring bond markets with heightened urgency. Key quotes Interest rate shifts driven by multiple market factors. Closely monitoring bond markets with heightened urgency. No comment on specific levels. Will aim to gradually lower debt-to-GDP ratio. Have emphasized to global leaders our […]
by Currency Hedger
- 0 Comments
- 1 week ago
Technical Analysis, USD
United States Dollar Index weakens as Fed’s Waller signals rate pause
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 99.00 during Asian hours on Friday. The Greenback is facing notable downward pressure following comments from Federal Reserve (Fed) Governor Christopher Waller, who indicated a preference for keeping […]
by Currency Hedger
- 0 Comments
- 1 week ago