AUD/USD JUMPS ABOVE 0.7250 AS THE US DOLLAR RETREATS DXY drops for the first time in five days, despite a decline in US stocks. AUD/USD rebounds sharply from monthly lows, erases weekly losses. The AUD/USD gained momentum during the American...
AUD/USD JUMPS ABOVE 0.7250 AS THE US DOLLAR RETREATS DXY drops for the first time in five days, despite a decline in US stocks. AUD/USD rebounds sharply from monthly lows, erases weekly losses. The AUD/USD gained momentum during the American...
US DOLLAR INDEX SPIKES AS GLOBAL RISKS REMAIN The US dollar index jumped sharply in the overnight session as the rising global risks continued. The index rose to $94.40, which was the highest level since November last year. Investors...
US DOLLAR INDEX SPIKES AS GLOBAL RISKS REMAIN The US dollar index jumped sharply in the overnight session as the rising global risks continued. The index rose to $94.40, which was the highest level since November last year. Investors...
USD/CAD TO ADVANCE NICELY TOWARDS 1.30 BY END-2022 – CIBC The loonie hasn’t gained any traction of late, despite the momentum seen in the price of oil and natural gas. Higher oil prices have been offset by Fed hawkishness,...
GBP/JPY SURRENDERS INTRADAY GAINS, FLIRTS WITH SESSION LOWS AROUND 150.30 REGION GBP/JPY struggled to capitalize on its modest intraday gains to the 150.65 region. A modest USD weakness helped revive demand for the JPY and exerted pressure. Upbeat UK...
EURUSD SLIDES TO MULTI-MONTH LOW AS DOLLAR STRENGTH REMAINS Global stocks staged an unease recovery rally on Wednesday after some positive news from Evergrande. The company said that it will sell a stake in a commercial bank for $1.5...
GBPUSD SLIPS AS US BOND YIELDS CONVERGE WITH UK OIL SHORTAGE US equities slipped on Tuesday as Treasuries jumped to the highest level in more than three months. The Dow Jones index declined by more than 600 points while...
USD/JPY TO HEAD TOWARDS 114.55 ON A BREAK ABOVE 112.23/50 – COMMERZBANK USD/JPY has held the initial test of the 111.66 July high. Karen Jones, expects the pair to erode this level and challenge the 112.23/50 region. USD/JPY TARGETS...
EUROPEAN STOCKS RETREAT AS ENERGY CRISIS CONTINUES European equities declined sharply on Tuesday as investors remained concerned about the surging energy costs in the region. In Germany, the DAX declined by 0.81% while the FTSE 100 and CAC 40...
USD/JPY CLIMBS TO THE HIGHEST LEVEL SINCE JULY 5, AROUND 111.00 MARK USD/JPY attracted some dip-buying on Monday and turned positive for the fourth straight day. The risk-on mood continued weighing on the safe-haven JPY and extended support to...