The offshore yuan strengthened to around 6.94 per dollar in January, extending gains for a fourth consecutive month, as exporters ramped up currency demand ahead of the awaited holiday. Chinese firms typically accelerate the conversion of foreign earnings into yuan in the weeks before the Lunar New Year to fund employee bonuses and seasonal expenses. […]
The South Korean won weakened to around 1,437 per dollar, retreating from a near three-month high in the previous session, as renewed uncertainty over US-Korea trade relations weighed on sentiment. The first day of high-level talks in Washington ended without an agreement after President Donald Trump warned that reciprocal and auto tariffs on Korean goods […]
The Overbalance analysis aims to identify three financial instruments, analyzed exclusively on a four-hour interval (H4). The analysis uses only the Overbalance methodology, which allows you to determine where the trend may continue or where it may change.Today’s analysis covers three instruments, evaluated exclusively in terms of the 1:1 correction structure. AUDNZD The AUDNZD currency […]
The EUR/USD pair attracts some sellers to near 1.1990, snapping the four-day winning streak during the early European session on Wednesday. The major pair retraces from a five-year high amid renewed US Dollar (USD) demand. All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday. US President Donald Trump said on Tuesday that […]
GBP/USD depreciates after four days of gains, trading around 1.3800 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bearish reversal amid a narrowing range, suggesting buyers are losing strength within the rising wedge pattern. The GBP/USD pair holds above the nine-day Exponential Moving Average (EMA) and the 50-day […]
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair depreciates as the AUD remains subdued following the release of Australia’s Consumer Price Index (CPI) data for December, reported by the Australian Bureau of Statistics (ABS). Australia’s CPI rose by […]
The offshore yuan traded around 6.93 per dollar on Wednesday, hovering near its highest level since May 2023, mainly buoyed by a strong daily fixing and a weakening greenback. The central bank set the midpoint rate at 6.9755 per dollar, its firmest level since May 2023 and more than 100 pips stronger than the previous […]
The South Korean won strengthened to around 1,428 per dollar on Wednesday, extending gains to its strongest level in almost three months, tracking broad US dollar weakness. The greenback slid to multi-year lows as markets were emboldened by President Donald Trump’s remarks signaling comfort with a weaker dollar, reinforcing selling pressure and lifting Asian currencies […]
The New Zealand dollar fell to around $0.601 on Wednesday but remained near a six-month high, amid expectations of tighter monetary policy. Data last week showed fourth-quarter consumer inflation rose more than expected and was above the Reserve Bank’s target range, reinforcing the view that interest rates may need to move higher later this year. […]
The offshore yuan edged down below 6.96 per dollar on Tuesday, easing from a thirty-two-month-high after the People’s Bank of China continued to set a weaker daily midpoint. The central bank fixed the yuan at 6.9858 before the market opened, slightly above the prior session and below market expectations. This continued trend of weaker fixings […]