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EUR/JPY Price Stays near 178.50 amid ongoing bearish bias
EUR, JPY
EUR/JPY Price Stays near 178.50 amid ongoing bearish bias
EUR/JPY remains steady after three days of losses, trading around 178.60 during the Asian hours on Thursday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds beneath both the nine-period and 50-period […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
Gold holds steady above $4,400 as traders seem hesitant ahead of US inflation data
Gold (XAU/USD) hovers around the $4,400 mark through the Asian session on Thursday as traders seem hesitant to place directional bets ahead of US inflation figures. The US Producer Price Index (PPI) report will be published later this Thursday, while the US Consumer Price Index (CPI) is due on Friday. The key data will provide […]
by Currency Hedger
- 0 Comments
- 1 week ago
AUD
AUD/USD Price Sits near May 14 high, above 0.7200 as US inflation data looms
The AUD/USD pair holds steady above the 0.7200 mark through the Asians session on Thursday and remains close to its highest level since May 14, touched earlier this week. Traders seem hesitant and opt to wait for the key US inflation data for more cues about the Federal Reserve’s (Fed) policy path, which will drive the US Dollar […]
by Currency Hedger
- 0 Comments
- 1 week ago
CHF
Swiss Franc gains as US Dollar weakens on Fed uncertainty
USD/CHF loses ground after registering gains in the previous day, trading around 0.8090 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) falls following a Reuters poll, in which the majority of economists said the Federal Reserve (Fed) will likely hold its interest rate steady at its September 15-16 meeting and for […]
by Currency Hedger
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- 1 week ago
EUR, Uncategorized, USD
EUR/USD Price Forecast: Sticks to gains above 1.1600 as bulls await ECB, US PPI
The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday, though it lacks follow-through as traders seem hesitant ahead of the European Central Bank (ECB) meeting and the US Producer Price Index (PPI). Spot prices currently trade just below mid-1.1600s and remain close to a one-and-a-half-week high, touched on Wednesday. A 25 basis […]
by Currency Hedger
- 0 Comments
- 1 week ago
Technical Analysis, USD
United States Dollar Index weakens ahead of critical US inflation reports
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index data due to be released on Thursday and Consumer […]
by Currency Hedger
- 0 Comments
- 1 week ago
Metals, Technical Analysis
XAG/USD trades firmly near $67.60 ahead of US PPI, CPI data
Silver price (XAG/USD) trades higher at around $67.60 during the Asian trading session on Thursday. The white metal reflects strength as the US Dollar is under pressure ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT. As of writing, the US Dollar Index (DXY), which […]
by Currency Hedger
- 0 Comments
- 1 week ago
NZD, Technical Analysis
New Zealand Dollar edges higher to near 0.5850 ahead of US PPI inflation data
The NZD/USD pair gathers strength to around 0.5845 during the early Asian session on Thursday, bolstered by a softer US Dollar (USD). All eyes will be on the upcoming Producer Price Index (PPI) data due on Thursday. Traders will keep an eye on the US inflation data later this week, which could shed fresh light on the […]
by Currency Hedger
- 0 Comments
- 1 week ago
GBP
British Pound rises as US Dollar weaken ahead of PPI data
GBP/USD extends its winning streak for the fifth consecutive day, trading around 1.3540 during the Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index (PPI) data due on Thursday and Consumer Price Index (CPI) data on Friday, as these inflation reports could provide vital hints regarding the Federal Reserve’s monetary […]
by Currency Hedger
- 0 Comments
- 1 week ago
Energies, Institutional
European TTF gas futures hit highest level since 2022 as inventories remain low ahead of winter
European gas prices are rising, with the front-month TTF contract climbing above €79/MWh on Wednesday morning to its highest level since December 2022. The US–Iran war is restricting LNG availability as Europe prepares for winter with unusually low inventories. At the same time, high near-term delivery prices are making storage less profitable and hampering efforts […]
by Currency Hedger
- 0 Comments
- 1 week ago