Currency Talk
AUD, Market Analysis, Technical Analysis
Australian Dollar Hits Seven-Week Low as Softer Labour Signals Challenge RBA Tightening Expectations
The Australian dollar is trading around $0.7000, close to a seven-week low, as markets reassess the Reserve Bank of Australia’s monetary-policy outlook following a mixed labour-market report. Australia’s economy added 39,500 jobs, almost twice the expected increase of 20,000, but the unemployment rate rose to 4.6%, above expectations for 4.5% and reaching its highest level […]
by Currency Hedger
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- 1 week ago
JPY, Technical Analysis
Japanese Yen Slides Toward 158 as Fed Hawkishness and Intervention Risk Collide
The Japanese yen remains under pressure around ¥158 per US dollar, trading close to a three-week low as renewed US dollar strength and rising Treasury yields widen the policy and yield gap between the United States and Japan. The latest US private-sector activity data is reinforcing expectations that the Federal Reserve may need to maintain […]
by Currency Hedger
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- 1 week ago
Market Analysis, NZD, Technical Analysis
New Zealand Dollar Remains Under Pressure as US Dollar Strength Challenges Kiwi Recovery
The New Zealand dollar remains under pressure around $0.5670, close to an eleven-week low, as broad US dollar strength continues to weigh on the kiwi. A firmer US economic backdrop and renewed expectations for higher-for-longer Federal Reserve policy are increasing the relative appeal of the US dollar, while the Reserve Bank of New Zealand faces […]
by Currency Hedger
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- 1 week ago
Market Analysis, USD
Dollar at an 8-week high
The U.S. dollar is resuming a significant upward trend today and is breaking out to new 8-week highs, as seen in the dollar index (USDIDX). The pair has reversed its previous downtrend on EUR/USD, driven by hawkish bets on future Fed policy and Trump’s surprisingly calm comments on the matter. The USDIDX is shifting its […]
by Currency Hedger
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- 2 weeks ago
AUD, JPY, Technical Analysis
AUD/JPY Price Forecast: Holds losses below 112.00, retaining bearish outlook beneath 100-day SMA
The AUD/JPY cross trades in negative territory around 111.95 during the early European session on Wednesday. A lack of explicitly hawkish guidance from the Bank of Japan (BoJ) after the rate hike last week exerts some selling pressure on the Japanese Yen (JPY) against the Australian Dollar (AUD). The BoJ last week decided to raise its […]
by Currency Hedger
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- 2 weeks ago
CHF, USD
Swiss Franc weakens as US Dollar rises on hawkish Fed sentiment
USD/CHF gains ground after four days of losses, trading around 0.8220 during Asian hours on Wednesday. The currency pair appreciates as the US Dollar (USD) gains ground on the back of a hawkish policy outlook from the Federal Reserve (Fed). Following a recent 25 basis point increase that brought the benchmark interest rate target to […]
by Currency Hedger
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- 2 weeks ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Hits fresh low since July 29, around 1.1425 as USD stays firm
The EUR/USD pair remains under some selling pressure for the third straight day, touching a fresh low since July 29, around the 1.1425 region, during the Asian session on Wednesday. The US Dollar (USD) retains its bullish undertone amid the US Federal Reserve’s (Fed) hawkish outlook and geopolitical risks. The shared currency, on the other […]
by Currency Hedger
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- 2 weeks ago
AUD, Technical Analysis, USD
AUD/USD Price Forecast: 20-day EMA remains key barrier amid firm US Dollar
The Australian Dollar (AUD) is down 0.15% at around 0.7100 against the US Dollar (USD) during the early European trading session on Wednesday. The Aussie pair faces pressure as the US Dollar extends its advance, with Federal Reserve (Fed) board members delivering hawkish commentary on interest rates and warnings of persistent inflation risks. US Dollar […]
by Currency Hedger
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- 2 weeks ago
EUR, JPY, Technical Analysis
EUR/JPY Price Forecast: Tests 180.00 support near nine-day EMA
EUR/JPY extends its losses for the second successive day, trading around 180.10 during Asian hours on Wednesday. Technical analysis of the daily chart shows the currency cross remaining within a descending channel, suggesting a persistent bearish bias. The EUR/JPY cross is maintaining a mild bearish bias as it holds just above the nine-day Exponential Moving […]
by Currency Hedger
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- 2 weeks ago
KRW, Market Analysis, Technical Analysis
South Korean Won Strengthens Toward 1,351 as Falling Oil and Semiconductor Exports Boost Currency Outlook
The South Korean won is currently trading around 1,351 per US dollar, extending a sharp recovery as falling oil prices, powerful export growth and improving expectations for South Korea’s economic performance provide support for the currency. The won is benefiting from two important domestic and external developments. Lower crude oil prices are reducing inflation and […]
by Currency Hedger
- 0 Comments
- 2 weeks ago