Forex
Forex

Forex

14
Aug

US Dollar steady as markets shake off global growth concerns

The US Dollar (USD) trades sideways after it continued where it left off Friday evening at the US closing bell. The Greenback-favored sentiment this Monday is built on the once again disappointing numbers out of China. With Country Garden, an even bigger real estate developer than Evergrande, on the brink of collapse, Chinese loan data pointed […]

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14
Aug

Pound Sterling rebounds as focus shifts to employment data

The Pound Sterling (GBP) strengthens amid upbeat Q2 Gross Domestic Product (GDP) and factory data for June. The GBP/USD pair faces headwinds from bearish market sentiment ahead of the British employment data, which will be released on Tuesday at 6:00 GMT. Stellar recovery in United Kingdom’s Q2 GDP data makes Bank of England (BoE) policymakers more comfortable in raising interest rates […]

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08
Aug

GBP/JPY surrenders a major part of its intraday gains, up a little below mid-182.00s

The GBP/JPY cross climbs to a four-day high on Tuesday, albeit struggles to capitalize on the momentum and fails ahead of the 183.00 round-figure mark. Spot prices erase a major part of the intraday gains and retreat to the 182.35-182.30 region during the early part of the European session. Data released earlier today showed that […]

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08
Aug

Chart of The Day USD/JPY

The Bank of Japan (BoJ) clarified that its recent yield curve adjustment, announced on July 28th, was intended to sustain the current loose monetary policy rather than indicate policy normalization. The BoJ allowed the 10-year Japanese Government Bond yield to trade above 0.5% in a flexible manner, deviating from a strict cap approach. Despite global […]

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08
Aug

EUR/GBP consolidates in a narrow range around 0.8620, investors await UK GDP

The EUR/GBP pair oscillates in a narrow range around 0.8620 heading into the early European session on Tuesday. Market players await the UK Gross Domestic Product (GDP) Q2 for fresh impetus. The growth rate is expected to grow by 0.2% on a yearly basis. The latest data from Destatis showed on Tuesday that the German […]

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07
Aug

AUD/USD drops to fresh daily low, around 0.6560 area amid resurgent USD demand

The AUD/USD pair comes under some selling pressure following an intraday uptick to the 0.6600 neighbourhood and drops to a fresh daily low during the early part of the European session on Monday. Spot prices currently trade around the 0.6560 area and seem poised to resume the recent downward trajectory witnessed over the past three weeks or […]

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07
Aug

Euro meets some selling pressure and retreats below 1.1000

The Euro (EUR) starts the week with an offered bias against the US Dollar (USD) and forces EUR/USD to revisit the sub-1.1000 region in the wake of the opening bell on the old continent on Monday. On the flip side of the coin, the Greenback manages to regain traction after two consecutive daily pullbacks, regaining at the same […]

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07
Aug

NZD/USD struggles to capitalize on its modest uptick beyond 0.6100 on stronger USD

The NZD/USD pair attracts some dip-buying on the first day of a new week and sticks to its modest intraday gains through the early part of the European session. The pair is currently placed around the 0.6100 round figure, albeit lacks bullish conviction and remains well within Friday’s broader trading range. In the absence of […]

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07
Aug

USD/JPY Price Analysis: Gains momentum above 143.30 mark

The USD/JPY pair reverses Friday’s pullback and holds ground around 142.22 heading into the early European session on Monday. According to a summary of the opinions of the Bank of Japan (BoJ) released on Monday, one board member said that wages and prices could keep rising at a pace not seen in the past. BoJ policymakers added […]

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07
Aug

USD Index resumes the uptrend and regains 102.30

The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30 as the risk-off mood seems to prevail early on Monday. USD Index regains traction on Fed, risk-off The index trades in an upbeat note on the back of renewed buying interest around the greenback […]

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