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Technical Analysis
AUD, JPY, Technical Analysis
AUD/JPY Price Declines to near 114.50, but maintains bullish tone above 100-day SMA
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as Japan’s annual core Consumer Price Index (CPI) inflation in Tokyo rose for a third consecutive month in August, reinforcing expectations that the Bank of Japan (BOJ) could raise interest rates as […]
by Currency Hedger
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- 2 weeks ago
Metals, Technical Analysis
XAU/USD drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets
Gold price (XAU/USD) attracts some sellers to near $4,445 during the early Asian trading hours on Monday. The precious metal edges lower on a surprisingly hawkish speech by Federal Reserve (Fed) Chairman Kevin Warsh at the Jackson Hole economic symposium. The Fed Chairman warned on Friday that inflation is not slowing significantly and that unless policymakers become confident it […]
by Currency Hedger
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- 2 weeks ago
GBP, Technical Analysis, USD
British Pound bounces off over one-week low vs soft USD; upside potential seems limited
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday’s heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February, touched earlier this […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CAD, Technical Analysis, USD
Canadian Dollar strengthens despite hawkish Fed rhetoric
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await employment reports from the US and Canada, due on Friday. US officials said on Sunday that […]
by Currency Hedger
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- 2 weeks ago
EUR, Technical Analysis, USD
EUR/USD Loses 0.3%
Dollar and Treasury yields rise on the hawkish tone of Fed Chair Kevin Warsh’s Jackson Hole remarks EURUSD is falling following the release of Fed Chair Kevin Warsh’s speech and during his remarks, as markets interpreted his message as clearly hawkish. The key point was not that Warsh explicitly signaled a rate hike, but rather […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Metals, Technical Analysis
Gold Price Forecast: XAU/USD holds above $4.600 with all eyes on Fed Warsh’s speech
Gold (XAU/USD) trades practically flat for the second consecutive day on Friday, with the rejection from three-month highs near $4,700 hit earlier in the week contained at a previous resistance area, just below $4,600. Market volatility remains subdued on Friday, with investors focusing on Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later in […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities, Technical Analysis
Trade of The Day – COCOA
Facts: Recommendation: COCOA (D1) Source: xStation5 OPINION : The technical situation on the COCOA chart strongly indicates a gaining-momentum trend reversal after an extended correction. This is shown primarily by the behavior of the EMA averages and the FIBO levels. The price broke through resistance around ~5100 and is currently hovering around 6300, which is […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional, Technical Analysis
“Anything else would likely put the Japanese Yen under significant pressure”: Commerzbank on why BoJ should hike rates
The Japanese Yen (JPY) is holding within a narrow trading range against the US Dollar (USD) at around 159.35, but pressures are rising following an acceleration in Tokyo inflation data. With Tokyo headline CPI reaching 1.9% in August and service sector price gains hitting nearly a one-year high, market odds for a Bank of Japan (BoJ) interest […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
JPY, Technical Analysis, USD
Chart of The Day – USD/JPY Eyes 160.00 Again. Will FX Intervention Withstand The Pressure?
The Japanese yen was handed catalysts for gains in the form of higher Tokyo inflation and falling Japanese unemployment, yet it is losing ground against all G10 currencies. USDJPY is dangerously close to its post-intervention peak (160.00; today: +0.12% to 159.500), and a potential impulse following Kevin Warsh’s speech at Jackson Hole could test the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP Price Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursday’s highs right below 0.8580, with the weekly chart showing marginal gains. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago