The USD/JPY pair remains flat at around 149.20 during the early European session on Wednesday. The pair holds above the 149.00 mark after retracing to a low of 147.33 late Tuesday amid the rumors of Japan’s FX intervention. On Wednesday, the 10-year Japanese Government Bond (JGB) yield reached 0.8% for the first time since 2013. […]
Latest News
Latest News
Latest News
04
Oct
Oct
Australian Dollar holds positive ground ahead of US jobs data
The Australian Dollar (AUD) treads waters to halt a two-day losing streak on Wednesday. However, the AUD/USD pair is under pressure due to risk-off sentiment and stronger US Dollar (USD). Additionally, the pair weakened after the interest rate decision by the Reserve Bank of Australia (RBA) on Tuesday. Australia’s central bank opted to maintain the status quo, leaving the current […]
04
Oct
Oct
USD/CAD trades higher near 1.3710 on market caution, weak Oil prices
USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencing upward support amid cautious sentiment due to the US Federal Reserve’s (Fed) interest rates trajectory. The US Dollar Index (DXY) hovers around 107.10 at the time of writing, aligned with the 11-month high marked […]
04
Oct
Oct
Crude Oil Futures: Further recovery looks likely
Considering advanced prints from CME Group for crude oil futures markets, open interest rose by around 19.5K contracts after three consecutive daily pullbacks on Tuesday. Volume followed suit and went up by nearly 20K contracts, reversing at the same time three straight daily drops. WTI: Next target emerges near $95.00 Prices of WTI charted decent gains on […]
15
Aug
Aug
GBP/JPY refreshes multi-year top, above 185.00 on stronger UK wage growth data
The GBP/JPY cross jumps to a fresh high since December 2015 following the release of the UK employment details, with bulls now looking to build on the momentum further beyond the 185.00 psychological mark. The UK Office for National Statistics (ONS) reported that the ILO Unemployment Rate unexpectedly rose to 4.2% in three months through June from […]
15
Aug
Aug
US Dollar Index Price Analysis: DXY slides below 103.30 resistance confluence as US Retail Sales looms
US Dollar Index (DXY) remains on the back foot at the intraday low of around 103.00 amid early Tuesday morning in Europe. In doing so, the Greenback’s gauge versus the six major currencies prints the first daily loss in four. That said, a convergence of the 200-DMA and a 5.5-month-old descending trend line restrict immediate […]
15
Aug
Aug
USD/CAD Price Analysis: Slides below mid-1.3400s, Canadian CPI/US Retail Sales in focus
The USD/CAD pair meets with some supply during the Asian session on Tuesday and erodes a major part of the overnight gains to a multi-day peak. Spot prices drop to a fresh daily low, below mid-1.3400s in the last hour and the intraday downtick could be solely attributed to some repositioning trade ahead of the […]
15
Aug
Aug
GBP/USD struggles to cheer US Dollar’s retreat near 1.2700 ahead of UK employment, US Retail Sales data
GBP/USD sticks to mild gains around 1.2700 as market players brace for the top-tier UK/US statistics on early Tuesday. That said, the Cable pair recently bounced off the lowest level in 1.5 months amid the US Dollar’s pullback but fails to extend the recovery moves amid cautious mood in the markets ahead of the data, […]
15
Aug
Aug
USD/INR Price Analysis: Indian Rupee stays on the way to refreshing record low past 83.00
USD/INR defends the previous day’s upside break of the key resistance line while sticking to mild intraday gains around the yearly high amid early Tuesday. With this, the Indian Rupee (INR) pair prints a three-day winning streak near 83.20 by the press time. Not only an upside break of the rising resistance line from early […]
15
Aug
Aug
XAU/USD hangs near multi-week low, just above $1,900 mark
Gold price struggles to gain any meaningful traction during the Asian session on Tuesday and languishes near its lowest level since June 6 touched the previous day. The XAU/USD manages to hold above the $1,900 mark, at least for the time being, though the bias still seems tilted in favour of bearish traders and supports […]