Hedging
Hedging

News & Press

08
Aug

WTI slides towards $81.00 amid risk-off mood, downbeat China concerns ahead of API crude oil inventories

WTI crude oil takes offers to refresh the intraday low near $81.40 amid the early hours of Tuesday’s European session. In doing so, the black gold drops nearly 1.0% on a day after witnessing a lackluster start to the week. That said, the energy benchmark’s latest losses could be linked to the market’s risk aversion, as well as […]

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08
Aug

Chart of The Day USD/JPY

The Bank of Japan (BoJ) clarified that its recent yield curve adjustment, announced on July 28th, was intended to sustain the current loose monetary policy rather than indicate policy normalization. The BoJ allowed the 10-year Japanese Government Bond yield to trade above 0.5% in a flexible manner, deviating from a strict cap approach. Despite global […]

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08
Aug

EUR/GBP consolidates in a narrow range around 0.8620, investors await UK GDP

The EUR/GBP pair oscillates in a narrow range around 0.8620 heading into the early European session on Tuesday. Market players await the UK Gross Domestic Product (GDP) Q2 for fresh impetus. The growth rate is expected to grow by 0.2% on a yearly basis. The latest data from Destatis showed on Tuesday that the German […]

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07
Aug

AUD/USD drops to fresh daily low, around 0.6560 area amid resurgent USD demand

The AUD/USD pair comes under some selling pressure following an intraday uptick to the 0.6600 neighbourhood and drops to a fresh daily low during the early part of the European session on Monday. Spot prices currently trade around the 0.6560 area and seem poised to resume the recent downward trajectory witnessed over the past three weeks or […]

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07
Aug

Gold price retraces as mixed labor data report lose appeal ahead of inflation data

Gold price (XAU/USD) falls back after a short-lived pullback move as investors seem cautious ahead of the United States Consumer Price Index (CPI) data, which will be released on Thursday. The precious metal struggles to deliver a decisive move as the impact of a slowdown in firm hiring is offset by sticky wage growth and a lower Unemployment […]

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07
Aug

Euro meets some selling pressure and retreats below 1.1000

The Euro (EUR) starts the week with an offered bias against the US Dollar (USD) and forces EUR/USD to revisit the sub-1.1000 region in the wake of the opening bell on the old continent on Monday. On the flip side of the coin, the Greenback manages to regain traction after two consecutive daily pullbacks, regaining at the same […]

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07
Aug

NZD/USD struggles to capitalize on its modest uptick beyond 0.6100 on stronger USD

The NZD/USD pair attracts some dip-buying on the first day of a new week and sticks to its modest intraday gains through the early part of the European session. The pair is currently placed around the 0.6100 round figure, albeit lacks bullish conviction and remains well within Friday’s broader trading range. In the absence of […]

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07
Aug

XAG/USD remains depressed around mid-$23.00s, holds above 61.8% Fibo.

Silver struggles to capitalize on Friday’s goodish rebound from the $23.20 area, or its lowest level since July 12 and attracts fresh sellers on the first day of a new week. The white metal maintains its offered tone through the early European session and is currently trading near the lower end of the daily range, […]

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07
Aug

USD/JPY Price Analysis: Gains momentum above 143.30 mark

The USD/JPY pair reverses Friday’s pullback and holds ground around 142.22 heading into the early European session on Monday. According to a summary of the opinions of the Bank of Japan (BoJ) released on Monday, one board member said that wages and prices could keep rising at a pace not seen in the past. BoJ policymakers added […]

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07
Aug

USD Index resumes the uptrend and regains 102.30

The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30 as the risk-off mood seems to prevail early on Monday. USD Index regains traction on Fed, risk-off The index trades in an upbeat note on the back of renewed buying interest around the greenback […]

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