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 […]
Our Blog
Our Blog
Our Blog
04
Oct
Oct
Central Banks Currencies Economic News Forex Futures Industry News Latest News Our Blog Technical Analysis
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 […]
04
Oct
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) […]
04
Oct
Oct
Gold Futures: Downside could be losing momentum
Open interest in gold futures markets dropped by around 1.4K contracts after two consecutive daily builds on Tuesday, according to preliminary readings from CME Group. Volume, instead, remained erratic and increased by around 12.3K contracts following the previous daily drop. Gold faces a tough support around $1800 Gold prices remained in free fall on Tuesday amidst […]
04
Oct
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. […]
03
Aug
Aug
Currency market: FX next week
DXY for the past 8 weeks traded in a fairly straight line from 103.00’s to 99.00’s As the July lows achieved 99.00’s , DXY not only traded to high 102.00’s but supports were created at 100.38, 100.81, 101.07 and 101.20. This week, DXY traded freely at 128 pips inside open ranges from 101.00’s to overbought […]
01
Aug
Aug
Gold Price Forecast: XAU/USD remains under pressure below $1,960, US ISM PMI eyed
The gold price loses momentum around $1,955 heading into the early European session. XAU/USD faces some follow-through selling as US-China tensions over access to technology escalate, and the US Dollar strengthens across the board. Meanwhile, the US Dollar Index (DXY), a measure of the value of the Greenback against a basket of six major currencies, gains momentum […]
01
Aug
Aug
USD/JPY stands tall near multi-week high, trades below 143.00 ahead of US macro data
The USD/JPY pair builds on last week’s solid bounce from the 138.00 neighbourhood and climbs to over a three-week high on Tuesday, summing to a rally of around 475 pips over the past three trading days. Spot prices stick to the modest intraday gains through the early European session and currently trade around the 142.70 […]
01
Aug
Aug
AUD/USD Price Analysis: Aussie pair extends post-RBA losses towards 0.6630 support confluence
AUD/USD drops 0.90% intraday to 0.6655 heading into Tuesday’s European session as the Aussie pair reverses the previous day’s recovery moves after the Reserve Bank of Australia’s (RBA) second consecutive inaction. In doing so, the risk-barometer pair also justifies the downside break of an ascending trend line from Friday, as well as the looming bear […]
01
Aug
Aug
Pound Sterling demonstrates caution ahead of key central bank policy
The Pound Sterling (GBP) looks vulnerable as investors remain cautious ahead of the interest rate decision by the Bank of England (BoE), which will be announced on Thursday. The GBP/USD pair fails to discover strength as a widely anticipated interest-rate hike by the BoE will deepen recession fears. UK Treasury Advisers already warned that an aggressive rate-tightening […]