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 […]
USD/JPY recovers to around 149.40
The US Dollar (USD) stages a recovery against the Japanese Yen (JPY) in the mid-North American session, reclaiming the 149.00 figure after dipping towards the 148.52 daily low during the Asian and European session. Nevertheless, bounced off the lows and hovers at around 149.40s, gaining 0.12%. Data revealed from the United States (US) showed inflation […]
Gold price (XAU/USD) has been dumped heavily by market participants
Gold price (XAU/USD) has been dumped heavily by market participants as Federal Reserve (Fed) policymakers reiterate their hawkish stance on the interest rate outlook. The precious metal continues its three-day losing spell as bets for unchanged interest rates fade amid a resilient US economy. The US Dollar attracts significant bids as strong consumer spending and […]
The USD/CHF has cleared 0.9200
The USD/CHF is on track to close in the green for the eleventh straight week as the Greenback (USD) picks up further steam against the Swiss Franc (CHF). US data beats continue to bolster the USD, and rising US Treasury yields on the back of concerns over a potential US government shutdown are adding fuel […]
Pound Sterling faces an intense sell-off
The Pound Sterling (GBP) remains on a bearish trajectory as investors worry about the UK’s economic outlook. The GBP/USD pair weakens further as a persistent Consumer Price Index (CPI) and a restrictive interest rate policy by the Bank of England (BoE) continue to accelerate the burden on households. The outlook for the GBP/USD pair worsened […]
The EUR/USD skidded to a Monday low of 1.0575
The EUR/USD fell off of recent action to settle at a fresh six-month low at the 1.0660 handle. Broadbase US Dollar (USD) support is helping to exacerbate Euro (EUR) declines sparked by dovish central bank comments coming out of Europe on Monday. The European Central Bank’s (ECB) President Christine Lagarde hit newswires on Monday, noting […]
USD/CHF consolidates around 0.9050
The USD/CHF pair traded in a narrow range near 0.9050 in the late European session. The Swiss Franc asset has remained in the grip of bulls broadly as the Swiss National Bank (SNB) announced a steady interest rate decision on Thursday, keeping interest rates at 1.7% while investors anticipated an interest rate increase by 25 […]
USD/CAD seeing mid-Thursday rejection from the topside
The USD/CAD lifted in early Thursday trading, clipping into 1.3520 before seeing a clean rejection, and is now trading down into 1.3475 as the Greenback (USD) takes a breather and the Loonie (CAD) finds support from bouncing crude oil prices. The oil-based Loonie is finding some minor support from crude prices heading into the end […]
The USD/CAD is trying to recover the day’s losses
The USD/CAD started Tuesday in freefall, declining from the day’s open near 1.3480 and tapping into 1.3380. Rising oil prices are bolstering the Loonie (CAD), as concerns over global supply constraints knock crude barrel costs into the ceiling. Despite the Loonie-led dip, the USD/CAD is recovering into the middle ground. Greenback (USD) traders are keeping […]
NZD/USD jumped more than 1% above 0.6200 and threatens the 200-day SMA at 0.6222
On Monday, the NZD/USD gained significant ground after three consecutive days of losses jumping above the 0.6200 threshold. However, bulls need the acceptance of the 200-day Simple Moving Average at 0.6222 to continue advancing. The United States released low-tier economic data. The US Chicago PMI for July came in slightly below expectations at 42.8 vs 43, and the Dallas Manufacturing index declined in the same month but at a somewhat lower rate than anticipated, at -20 vs -26.3.
