Forex
Forex

Forex

06
Nov

Pound Sterling capitalizes on improved market sentiment, UK GDP in focus

The Pound Sterling (GBP) looks set to deliver a fresh upside as the market mood is supportive for risk-sensitive assets. The GBP/USD pair is aiming for more upside as investors hope that the policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) will not widen further since they are both sufficiently restrictive to […]

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06
Nov

USD/CAD looks to continue the losing streak, hovers near 1.3650

USD/CAD aims to lose ground on the fourth consecutive day to continue the losing streak, treading waters near 1.3650 during the Asian hours on Monday. The pair faces downward pressure amid expectations that the US Federal Reserve (Fed) might halt its monetary policy tightening, prompted by the subdued employment data from the United States (US). On […]

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06
Nov

GBP/USD consolidates in a range below 1.2400 mark, near six-week top set on Friday

The GBP/USD pair kicks off the new week on a subdued note and consolidates Friday’s strong move up its highest level since September 20. Spot prices currently trade around the 1.2375 region, nearly unchanged for the day, and remain at the mercy of the US Dollar (USD) price dynamics. The USD Index (DXY), which tracks the Greenback […]

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06
Nov

USD/JPY trades with a mild positive bias above mid-149.00s, lacks follow-through

The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled a three-day-old corrective decline from the 151.70 area, or its highest level since October 2022 touched last Tuesday. Spot prices currently trade just above the mid-149.00s, up nearly 0.15% for the day, and draw […]

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04
Oct

USD/CHF holds ground above 0.9200 near seven-month high, US data eyed

USD/CHF holds ground near a seven-month high marked on Tuesday, trading higher for the third consecutive day around 0.9220 during the early European trading hours 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 […]

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04
Oct

Euro attempts a mild rebound to 1.0470 ahead of key US data

The Euro (EUR) trades without a clear direction against the US Dollar (USD), motivating EUR/USD to gyrate around the 1.0470 region early in the European morning on Wednesday. On the USD-side of the equation, the Greenback clings to the 107.00 region following Tuesday’s new 2023 tops in the 107.30-107.35 band when tracked by the USD Index (DXY), always […]

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04
Oct

Pound Sterling extends downside on UK’s poor demand outlook

The Pound Sterling (GBP) struggles for a firm footing despite a consistent sell-off in the past three months. The GBP/USD pair faces a ruthless sell-off as the United Kingdom economy muddles against the headwinds of poor economic prospects and sticky inflation. UK inflation is still more than thrice the target rate of 2%, and the Bank of England (BoE) […]

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04
Oct

USD/JPY remains flat above the 149.00 mark, 10-year JGB yields reaches 0.8% for the first time since 2013

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. […]

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04
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 […]

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15
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 […]

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