The New Zealand Dollar recovered some territory
The Kiwi Dollar (NZD) cut its agony and registered modest gains against the US Dollar (USD) during the North American session, as risk aversion took its toll on the financial markets. Traders bracing for US Federal Reserve (Fed) Chair Jerome Powell’s speech, pereceived his remarks as dovish, while tensions in the Middle East remain high. […]
EUR/JPY comes under selling pressure around the 158.00 zone
EUR/JPY reverses two consecutive daily gains and faces some downside pressure near 158.00 on Wednesday. Considering the ongoing performance, further consolidation appears in store for the cross for the time being. In the meantime, the breakout of this range could put the September high of 158.65 (September 13) to the test ahead of the 2023 […]
GBP/USD attracts some buying on Monday
The GBP/USD pair catches fresh bids on the first day of a new week and sticks to its intraday gains through the early part of the European session. Spot prices currently trade around the 1.2175-1.2180 region, up 0.30% for the day, and for now, seem to have snapped a two-day losing streak to a one-week […]
USD/JPY snaps the recent winning streak ahead of US data
USD/JPY trades lower around 149.70 during the European session on Friday, snapping a three-day winning streak that began on Tuesday. Despite reaching weekly highs, the USD/JPY pair has experienced a pullback, attributed to the retreat in the US Dollar (USD). The US Dollar Index (DXY) trades lower around 106.30 by the press time, retreating from […]
The Pound Sterling (GBP) holds onto gains
The Pound Sterling (GBP) holds onto gains inspired by the higher risk appetite of the market participants. The GBP/USD pair remains bullish despite the Office for National Statistics (ONS) reporting that United Kingdom factory data in August contracted for the second time in a row. UK firms operated on lower capacity as they aimed to […]
USD/JPY rose above 149.00, gaining 0.20% on the day
On Wednesday, the USD/JPY gained additional ground, rising back above 149.00. Hot Producer Price Index (PPI) failed to trigger a significant move on the USD, and the trajectory of the pair seems to be determined by the dovish stance of the Bank of Japan (BoJ). Later in the session, markets will monitor the Federal Open […]
GBP/JPY jumps swiftly to 183.00
The GBP/JPY pair drives vertically to near the crucial resistance of 183.00 as the odds of a possible intervention by the Bank of Japan (BoJ) in the FX domain fade. Former top currency diplomat Naoyuki Shinohara said this weekend that the recent fall in the Japanese Yen is reflecting the economic fundamentals of Japan, which […]
USD/JPY trades back and forth around 149.00
The USD/JPY pair consolidated in a narrow range of around 149.00 as investors remained baffled between supporting the US Dollar and the Japanese Yen amid a risk-off mood. Deepening tensions between Israel and Hamas have prompted expectations of participation from other Middle East economies in the war, which has impacted the demand for safe-haven assets […]
Gold price trades back and forth as investors await US official Employment data
Gold price (XAU/USD) delivers V-shape recovery despite the United States Nonfarm Payrolls (NFP) report for September has reported that the number of job-seekers hired were significantly higher than expectations. Fresh payrolls were 336K while investors forecasted that US employers added 170K employees and 187K jobs were created in August. Weak Employment numbers from Automatic Data […]
EUR/JPY trades in a vacillating fashion below the 157.00 hurdle
EUR/JPY alternates gains with losses in the sub-157.00 region on Thursday, following the recovery attempt seen in the previous day. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so-far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 […]
