USD
EUR, Institutional, Technical Analysis, USD
Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EUR/USD Reacts
The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts. EURUSD (M15 interval) Source: xStation5
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc moves little following Real Retail Sales data
USD/CHF appreciates after registering losses in the previous day, trading around 0.8100 during the Asian hours on Tuesday. The pair remains steady despite stronger-than-expected Swiss economic data. July Real Retail Sales expanded by 2.3% year-over-year, outperforming the forecasted 1.3% gain and building on June’s upwardly revised 1.9% growth rate. SVME – Purchasing Managers’ Index will […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee gets tailwinds from upbeat Q2 GDP, narrowed fiscal deficit
The Indian Rupee (INR) gains sharply against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit. According to a Reuters report, there has been persistent RBI intervention […]
by Currency Hedger
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- 1 month ago
EUR, Technical Analysis, USD
Euro holds gains above 1.1600 ahead of Eurozone HICP inflation data
The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh. Traders will take more cues from the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which is due […]
by Currency Hedger
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- 1 month ago
CAD, Technical Analysis, USD
Canadian Dollar consolidates vs USD as rising oil prices and Fed hike bets clash
The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day’s retracement slide from an over two-week top. A further escalation of tensions between the US and Iran acts as a tailwind for crude oil prices, […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
Japanese Yen bulls seem hesitant amid fiscal woes, wide US-Japan rate gap
The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day. Anxiety over Japan’s massive national debt burden, surging long-term borrowing costs, and expansionary fiscal policies continue to undermine confidence in the Japanese Yen (JPY). Furthermore, the […]
by Currency Hedger
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- 1 month ago
GBP, Technical Analysis, USD
GBP softens to near 1.3550 on geopolitical tensions, hawkish Fed bets
The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium. US President Donald Trump on Monday threatened to forcefully strike Iran after the […]
by Currency Hedger
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- 1 month ago
AUD, Technical Analysis, USD
Australian Dollar holds gains following stronger Chinese PMI data
AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday. The pair appreciates as the Australian Dollar (AUD) remains stronger following the release of China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI), which climbed to 51.5 in August from 50.9 in July. The market forecast was for a 50.9 […]
by Currency Hedger
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- 1 month ago
NZD, Technical Analysis, USD
New Zealand Dollar remains subdued despite stronger Chinese PMI data
NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday. The pair loses ground as the New Zealand Dollar (NZD) holds losses after China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) climbed to 51.5 in August from 50.9 in July. The market forecast was 50.9. China and […]
by Currency Hedger
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- 1 month ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA
The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh. Fed Chairman said on Friday at the Jackson Hole economic […]
by Currency Hedger
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- 1 month ago