GBP/USD has fallen below 1.2600 courtesy of weak UK economic data
The GBP/USD fell 0.32% during the North American session, after data from the United Kingdom (UK), depicted the economy is at the brisk of recession amid a high inflation period. That and investors awaiting the Federal Reserve’s decision on monetary policy keep the Greenback in the driver’s seat. At the time of writing, the major […]
The USD/JPY navigates around the 145.55 level with 0.40% losses
In Tuesday’s session, the USD/JPY pair is facing a downward shift, now trading at the 145.55 level. This movement comes as market participants digest the implications of the US Consumer Price Index (CPI) data which confirmed another monthly deceleration. In that sense, inflation in the United States, as indicated by the Consumer Price Index (CPI), […]
USD/JPY is likely to find resistance at the 146.85 area
The US Dollar is extending its recovery, as comments from BoJ officials have poured cold water on investors’ expectations that the bank could end its ultra-loose policy after their December meeting. News reports citing Bank of Japan’s officials suggest little need to end the negative rates policy, as there is not enough evidence that wage […]
The Australian Dollar maintains a mild positive tone with bears capped at 0.6590 so far.
The Aussie is trading with moderate gains on Friday, following a significant rebound on Thursday, which has left the pair consolidating above the 0.6600 level ahead of US employment data. Data from the US showed an increase in US Jobless claims, adding to evidence that the US labor market is loosening and increasing hopes that […]
The EUR/USD is down a further 0.3%
The EUR/USD saw further downside on Wednesday, down a third of a percent on the day and extending the Euro’s backslide from last week’s peak of 1.1017 to two-and-a-third percent, closing in the red for six consecutive trading days. The Euro is the second-worst performing currency on the market Wednesday, shedding value against almost all […]
The Euro bounces up and approaches intra-day highs at 1.0800
The Euro is trimming some losses ahead of Wednesday’s US session opening, favored by a mild US Dollar weakness after the US ADP report showed an unexpected decline in US employment. Job creation increased by 103,000 new payrolls in the US in. November, well below the 130,000 reading forecasted by the market. Apart from that, […]
The Dollar threads water with the CHF favoured by the negative risk sentiment
US Dollar’s recovery attempt from Monday’s lows at 0.8665 is meeting strong resistance at the upper range of 0.8700. This leaves the pair wavering right about 0.8700, with the bearish trend from early November highs intact. Risk-averse market sentiment on Tuesday’s European session has offset the impact of the weak Swiss CPI reading seen on […]
The Australian Dollar is losing ground amid a sourer market mood
The Aussie is going through a corrective reversal on Monday after failure to beach the 0.6685 resistance area, and bears looking at the intra-day low, at 0.6635. The calendar is light today, with only the US Factory Orders data on tap, although the cautious market mood, is underpinning support for the US Dollar, to the […]
AUD/USD loses ground around 0.6605 amid the rebound of USD
The AUD/USD pair holds above the 0.6600 psychological mark during the early Asian session on Friday. However, the rebound of the US Dollar (USD) might cap the pair’s upside in the near term. Meanwhile, the US Dollar Index (DXY) surges to 103.50 while the US Treasury bond yield edge higher, with the 10-year Treasury yield […]
The AUD/USD is seeing a firm rally after rebounding off of 0.6600
The AUD/USD kicked into a 16-week high twice on Tuesday, climbing to 0.6632 early in the session despite a downside print in Australian Retail Sales. The Aussie (AUD) waffled back into the 0.6600 handle against the US Dollar (USD) before markets again rallied the AUD/USD into 0.6660. Australian October Retail Sales came in below expectations, […]
