USD
GBP, Technical Analysis, USD
Trade of The Day – GBP/USD
Facts: Recommendation: Trade: Short position on GBPUSD at market price Target: 1.3525, 1.3480 Stop: 1.3630 Opinion: GBPUSD has been trading in an upward trend recently. However the pair may be experiencing a trend reversal. Looking at the pair at the H1 interval, one can see that the price broke below the lower limit of the […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
USD/JPY Price – Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday. Spot prices currently trade near the weekly high, though the uptick lacks bullish conviction ahead of Tokyo consumer inflation figures and US Federal Reserve (Fed) Kevin Warsh’s speech on Friday. The slightly hot […]
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data. July’s PCE price index accelerated to 0.2% month-on-month, edging past the 0.1% […]
by Currency Hedger
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- 1 month ago
GBP, Technical Analysis, USD
British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday. The downside, however, remains cushioned as traders look for more cues about the US Federal Reserve’s (Fed) interest rate path before placing fresh directional bets. Data released on Wednesday showed that […]
by Currency Hedger
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- 1 month ago
CAD, Technical Analysis, USD
Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
The USD/CAD pair is seen consolidating near the weekly high and trading around the 1.3875-1.3880 region during the Asian session on Thursday amid mixed fundamental cues. Despite the optimism over the reopening of the Strait of Hormuz, the protracted Russia-Ukraine war keeps a floor under crude oil prices. This is seen offering some support to the commodity-linked […]
by Currency Hedger
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- 1 month ago
AUD, USD
Australian Dollar holds strong due to RBA rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7180 during the Asian hours on Thursday. The pair continues to trade with a bullish bias as the Australian Dollar (AUD) maintains its strength, showing resilience despite domestic Private Capital Expenditure falling 3.6% in the second quarter, sharply missing expectations of a flat reading after […]
by Currency Hedger
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- 1 month ago
NZD, Technical Analysis, USD
New Zealand Dollar declines to near 0.5950 as US PCE data lift Fed rate hike bets
The NZD/USD pair trades with mild losses around 0.5950 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as US inflation data lifted expectations of a Federal Reserve (Fed) rate hike. All eyes will be on the Jackson Hole Symposium event later on Friday. The Personal Consumption Expenditures (PCE) Price […]
by Currency Hedger
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- 1 month ago
KRW, USD
South Korean Won gains on back-to-back BoK interest rate hikes
The South Korean Won (KRW) trades higher against the US Dollar (USD) on Thursday, with USD/KRW falling 0.3% to near 1,380 during the Asian trading session. The pair revisits its 11-month low as back-to-back interest rate hikes by the Bank of Korea (BoK) have strengthened the currency. Earlier in the day, the BoK raised its […]
by Currency Hedger
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- 1 month ago
CNH, USD
Offshore Yuan Steady
The offshore yuan steadied around 6.72 per dollar on Thursday after retreating in the previous session, as fresh industrial profit data strengthened expectations that Beijing could unveil additional policy support to bolster growth. China’s industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026, easing from an 18.7% increase […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
USD/JPY Price Forecast: 20-day EMA continues to act as key barrier
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Wednesday, with USD/JPY dropping 0.1% to near 159.00. The Asia-Pacific currency gains amid firm expectations that the Bank of Japan (BoJ) will hike policy rates by 25 basis points (bps) to 1.25% in the September meeting. Strategists at Scotiabank note that domestic data […]
by Currency Hedger
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- 1 month ago