The New Zealand dollar rose sharply today after the country released its trade data for May. Data showed that exports increased to N$5.81 billion from the previous N$5.50 billion. This was higher than the consensus estimate of more than...
The New Zealand dollar rose sharply today after the country released its trade data for May. Data showed that exports increased to N$5.81 billion from the previous N$5.50 billion. This was higher than the consensus estimate of more than...
EUR/USD is on the offensive ahead of Powell’s speech. Technical breakout and gold rally is likely fueling gains in EUR/USD. Fed’s Powell may reinforce rate cut expectations. EUR/USD is extending the four-day winning streak with markets offering US Dollars...
European stocks declined today as carmakers stocks declined following a profit warning by Daimler, the owner of Mercedes Benz. The company said that this quarter’s results will be hit by troubles with diesel vehicles in its Mercedes-Benz brand. It...
As per the ANZ bank’s latest research on the Commodity Futures Trading Commission’s (CFTC) positioning data for the week ended on June 18, leveraged funds turned overall net long JPY for the first time since mid-June 2018. It was further...
The Fed-led US Dollar (USD) weakness carries on geopolitics, favoring the Cable to remain strong. Lack of economic data, except for few second-tier US statistics, holds the focus on political plays as main drivers. While the US Federal Reserve’s...
The USD declined after the Federal Reserve delivered its interest rates decision. The bank left interest rates unchanged at a range of between 2.25% and 2.50% as was expected but hinted they would cut rates in the months ahead...
EUR/USD has jumped to the 200-hour MA hurdle in Asia. With US yields sinking, the pair may take out the MA resistance. The weakness in the US treasury yields and the resulting broad-based US Dollar sell-off is boding well...
CHF and GBP are the top G10 FX gainers today, up 0.16% and 0.13% vs the dollar while NZD and AUD are the top losers, down -0.09% and -0.07% vs the dollar. The U.S. dollar was trading flat ahead...
The US dollar index was relatively unchanged as traders waited on the Federal Reserve interest rates decision. The bank will make the decision later today and is expected to leave interest rates unchanged at the 2.50% level. It is...
Choppy between a small range with 50-HMA providing an additional filter. 100-HMA is likely resistance to lure buyers past-1.2570. Having failed to clear 1.2570, the GBP/USD pair rests on 50-HMA near 1.2555 while heading into the UK open on...