Forex

Chart of The Day – USD/IDX

The U.S. Dollar Index has had a rough six months. It is down about 11.4% on a total-return basis, marking its…

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Offshore Yuan Steady After PMI Data

The offshore yuan steadied around 7.16 per dollar on Thursday as investors digested the latest PMI data. The Caixin China…

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USD/CHF holds losses near 0.7900 ahead of Swiss CPI data

USD/CHF moves little as traders adopt caution ahead of Swiss Consumer Price Index data. SNB officials indicated that interest rates…

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EUR/JPY steadies around 169.50, with upside potential due to BoJ’s caution on rate hikes

EUR/JPY may appreciate as the BoJ adopts caution on unwinding its ultra-loose policy. BoJ Governor Ueda highlighted that future rate…

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AUD remains under pressure as trade surplus narrowed in May

The Australian Dollar remains subdued after the trade surplus narrowed to 2,238M MoM in May, against the expected 5,091M. China’s…

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EUR/USD trades around 1.1800, upside potential appears amid rising odds of Fed rate cuts

EUR/USD may appreciate as the US Dollar struggles due to rising expectations the Fed cutting interest rates. US ADP Employment…

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JPY ticks lower amid positive risk tone, doubt over US-Japan trade deal

The Japanese Yen ticks lower as a US-Vietnam trade deal undermines safe-haven assets. BoJ rate hike expectations should limit deeper…

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AUD/JPY Price Moves below 94.50, nine-day EMA acts as initial support

AUD/JPY may explore the area around the five-month high at 95.75. Bullish bias strengthens as the 14-day RSI remains slightly…

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GBP/USD weakens below 1.3650 amid concerns over the UK debt position, US NFP data in focus

GBP/USD remains under selling pressure around 1.3625 in Thursday’s Asian session.  Rising market anxieties over the UK’s debt position drag…

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Trade of The Day – NZD/CAD

Facts:The pair bounced off the key support zone at 0.8261NZDCAD is trading in an upward move form 23rd of June…

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