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Technical Analysis
CAD, Technical Analysis, USD
Canadian Dollar consolidates vs USD as rising oil prices and Fed hike bets clash
The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day’s retracement slide from an over two-week top. A further escalation of tensions between the US and Iran acts as a tailwind for crude oil prices, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
JPY, Technical Analysis, USD
Japanese Yen bulls seem hesitant amid fiscal woes, wide US-Japan rate gap
The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day. Anxiety over Japan’s massive national debt burden, surging long-term borrowing costs, and expansionary fiscal policies continue to undermine confidence in the Japanese Yen (JPY). Furthermore, the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
GBP softens to near 1.3550 on geopolitical tensions, hawkish Fed bets
The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium. US President Donald Trump on Monday threatened to forcefully strike Iran after the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
AUD, Technical Analysis, USD
Australian Dollar holds gains following stronger Chinese PMI data
AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday. The pair appreciates as the Australian Dollar (AUD) remains stronger following the release of China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI), which climbed to 51.5 in August from 50.9 in July. The market forecast was for a 50.9 […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
NZD, Technical Analysis, USD
New Zealand Dollar remains subdued despite stronger Chinese PMI data
NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday. The pair loses ground as the New Zealand Dollar (NZD) holds losses after China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) climbed to 51.5 in August from 50.9 in July. The market forecast was 50.9. China and […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Energies, Institutional, Technical Analysis
Chart of the Day: Middle East escalation boosts oil prices
Crude oil has once again become a hostage of geopolitics. Attacks in the Persian Gulf region and increasing restrictions on transit in the Strait of Hormuz have pushed demand fundamentals into the background. Although backwardation at the short end of the oil market curve is not as strong as it was 5 months ago, this […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA
The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh. Fed Chairman said on Friday at the Jackson Hole economic […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Metals, Technical Analysis
Gold pares intraday losses to sub-$4,400 levels on softer USD; not out of the woods yet
Gold (XAU/USD) recovers slightly from sub-$4,400 levels – a one-and-a-half-week low – touched during the Asian session on Monday, though the upside potential seems limited. A softer US Dollar (USD) offers some support to the precious metal and helps trim a part of its intraday losses. Meanwhile, Federal Reserve (Fed) Chair Kevin Warsh’s comments on curbing inflationary […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
JPY, Technical Analysis, USD
USD/JPY Price Retreats from one-month top as bullish bias remains below 160.00
The USD/JPY pair retreats from the 160.20 area, or a one-month high retested earlier this Monday, and, for now, seems to have snapped a five-day winning streak. Spot prices slide to the 159.80-159.75 region during the Asian session, though the downside potential seems limited. A modest US Dollar (USD) downtick is seen as a key […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Energies, Technical Analysis
WTI rises to near $84.50 as IRGC claims supertanker struck by mines in Hormuz
West Texas Intermediate (WTI) rebounds and continues its intraday gains, trading around $84.40 per barrel during the Asian hours on Monday. Crude oil prices spike following claims by Iran’s Islamic Revolutionary Guard Corps (IRGC) that a rogue supertanker caught fire in the Strait of Hormuz after hitting two naval mines along the waterway’s southern passage. IRGC officials […]
by Currency Hedger
- 0 Comments
- 2 weeks ago