CorporateBusiness Bay Dubai, UAE
Mon - Fri8.00 am to 7.00pm
Youghal Cork Ireland
Business Bay Dubai, UAE
Forex
Forex

Forex

08
Jan

Japanese Yen rebounds vs. weaker USD amid softer risk tone.

The Japanese Yen (JPY) reverses a modest Asian session dip on Thursday and, for now, seems to have snapped a two-day losing streak against a broadly weaker US Dollar (USD). The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path, along with intervention fears, act as a tailwind for […]

Share This Post
08
Jan

USD/CHF clings to gains near 0.7970 ahead of Swiss CPI, US NFP data

The USD/CHF pair holds onto two-day gains near 0.7975 during the late Asian trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar (USD) gains, following strong United States (US) ISM Services Purchasing Managers’ Index (PMI) data for December. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value […]

Share This Post
08
Jan

GBP/JPY struggles below 211.00 as flight to safety benefits JPY; lacks bearish conviction

The GBP/JPY cross struggles to build on a modest Asian session uptick on Thursday and currently trades near the lower end of its daily range, just below the 211.00 mark. Spot prices, however, lack follow-through selling, warranting some caution before positioning for an extension of the recent pullback from the 212.15 region, or the highest […]

Share This Post
08
Jan

EUR/CAD rises to near 1.6200 as Canadian Dollar struggles on Oil demand concerns

EUR/CAD extends its gains for the fourth successive session, trading around 1.6200 during the Asian hours on Thursday. The currency cross advances as the commodity-linked Canadian Dollar (CAD) comes under pressure after US President Donald Trump signaled efforts to restore Venezuelan crude imports, stoking concerns over increased supply and tougher competition for Canadian oil demand. […]

Share This Post
08
Jan

Offshore Yuan Nears 7-Per-Dollar Threshold

The offshore yuan rose to around 6.98 per dollar on Thursday, rebounding from the previous session and moving closer to the psychologically important 7-per-dollar level, largely driven by exporters stepping up conversions of dollar holdings into the local currency. Toward the end of the year, exporters typically increase foreign-exchange conversions to meet a range of […]

Share This Post
07
Jan

EUR/JPY declines as geopolitical tensions, hawkish BoJ boost Yen

EUR/JPY trades around 182.90 on Wednesday at the time of writing, down 0.10% on the day. The cross remains under pressure as the Japanese Yen (JPY) benefits from a more defensive market environment, amid rising geopolitical tensions in Asia and continued firm signals from the Bank of Japan (BoJ). On the European side, the latest […]

Share This Post
07
Jan

EUR/USD holds losses with all eyes on US employment data

EUR/USD is practically flat, trading at 1.1685 at the time of writing, with the bearish bias from December highs intact. Trading ranges remain tight on Wednesday with investors awaiting the release of a string of key US employment figures, largely unfazed by the growing geopolitical tensions after the intervention in Venezuela. The Euro (EUR) extended its […]

Share This Post
07
Jan

EUR/JPY Price Forecast: Slips below 183.00 as momentum weakens

EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline […]

Share This Post
07
Jan

Japanese Yen sticks to intraday gains amid hawkish BoJ bets; lacks bullish conviction

The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) through the early European session on Wednesday, though it lacks bullish conviction amid a mixed fundamental backdrop. The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path marks a significant divergence in comparison […]

Share This Post
07
Jan

Offshore Yuan Weakens

The offshore yuan weakened to around 6.98 per dollar on Wednesday, pressured by a dovish tone from the People’s Bank of China and weaker-than-expected official guidance. The central bank reiterated plans to cut the reserve requirement ratio and interest rates in 2026 to ensure ample liquidity, while maintaining an “appropriately accommodative” monetary policy stance. Meanwhile, […]

Share This Post