Canadian Dollar Retreats on Souring Market Sentiment Ahead of US CPI
The Canadian Dollar (CAD) is shedding Monday’s gains on Tuesday as a shift towards risk-off sentiment boosts the US Dollar. Equity markets are declining, and investor attention is focused on Wednesday’s release of the crucial US Consumer Price Index (CPI) data. US Inflation Data: Catalyst for CAD Movement Expectations for the CPI report are mixed. […]
EUR/USD Rebounds to 1.0850 on Improved Sentiment, US Inflation Eyed
The EUR/USD pair recovered to 1.0850 early Monday as risk appetite improves, offsetting the impact of diminished expectations for a June Federal Reserve (Fed) rate cut. S&P 500 futures opened slightly higher, while 10-year US Treasury yields, now near four-month highs at 4.43%, reflect the shift in expectations for rate cuts toward the latter half […]
EUR/USD Dips on Strong US Jobs Data, Eyes Next Week’s Inflation Report
The EUR/USD pair registered modest losses of 0.13% following a surprisingly strong US Nonfarm Payrolls (NFP) report that propelled the US Dollar (USD). Currently trading at 1.0822, the pair retreated from its daily high of 1.0847. NFP Report: US Labor Market Surprises Friday’s jobs data showed the US economy added 303K jobs in March, far […]
EUR/CHF Price Analysis: Parity in Sight as Trend Reversal Gains Momentum
EUR/CHF trades near 0.9847, extending its bullish trajectory on both short-term and intermediate timeframes. With key trendlines broken, moving averages crossed, and parity within reach, the path has cleared for further gains. Trend Reversal Signals Gain Strength EUR/CHF has broken above all major moving averages and a significant downtrend trendline, signaling a potential reversal of […]
GBP/JPY Bullish Trend, Short-Term Pullback Possible
The GBP/JPY pair trades at 191.65, registering a 0.57% gain. While the overall sentiment remains bullish, overbought conditions on the hourly chart suggest a potential for profit-taking in the near term. Daily Chart: Bullish Bias, But Overbought RSI May Limit Upside The daily chart indicates a continued bullish trend. The Relative Strength Index (RSI) lies […]
AUD/JPY Climbs Despite Risk-Off Sentiment, Eyes 99.00
The AUD/JPY pair registered a 0.38% gain on Tuesday, defying a risk-off market environment as reflected in mild losses on Wall Street. Despite the bearish sentiment, risk-sensitive currencies like the Australian Dollar remained resilient. Lingering threats of intervention from Japanese authorities to strengthen the Japanese Yen (JPY) continue to limit bullish momentum on AUD/JPY, preventing […]
USD/JPY Consolidates Below 152.00 as Japan Intervention Fears Linger
The USD/JPY pair trades with a muted tone, constrained by the possibility of intervention from Japanese authorities. Despite a rise in US Treasury yields on Monday, with the 10-year benchmark climbing 11 basis points, the pair remains below the day’s high of 151.77. Currently, it exchanges hands at 151.63, registering a moderate 0.15% gain. Technical […]
USD/CAD Tests 20-Day SMA After US PCE Release
The USD/CAD pair trades around 1.3543 on Friday, exhibiting slight losses after an earlier high of 1.3560. Investors are processing the latest Personal Consumption Expenditures (PCE) data while awaiting crucial employment figures that could sway the Federal Reserve’s (Fed) stance on potential interest rate cuts. PCE Data: Inflation Remains Elevated The Fed’s preferred inflation metric, […]
EUR/USD Slumps Below 1.0800 on Dovish ECB Commentary, Robust US Data
The Euro extended losses against the US Dollar, sinking below 1.0800 following dovish signals from European Central Bank (ECB) policymaker Francois Villeroy. EUR/USD currently trades at 1.0787, registering a 0.37% loss. Villeroy’s remarks suggesting a rapid core inflation decline while acknowledging risks surrounding potential ECB rate cuts fueled selling pressure. Concurrently, weaker-than-expected German Retail Sales […]
US Dollar Gains Alongside Soaring Stocks, Eyes Key Data Release
The US Dollar (USD) is appreciating on Wednesday, mirroring a sharp upward surge in US equity markets. While no single catalyst immediately explains the reversal, the move could be short-lived. Market focus remains on upcoming economic releases, including Thursday’s US Gross Domestic Product (GDP) and Friday’s Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred […]
