GBP/USD REFRESHES DAILY HIGH, LOOKS TO BUILD ON MOMENTUM BEYOND 1.2200 AMID SOFTER USD GBP/USD bounces off the weekly low touched on Wednesday amid modest USD weakness. A positive tone around the equity markets is seen undermining the safe-haven...
GBP/USD REFRESHES DAILY HIGH, LOOKS TO BUILD ON MOMENTUM BEYOND 1.2200 AMID SOFTER USD GBP/USD bounces off the weekly low touched on Wednesday amid modest USD weakness. A positive tone around the equity markets is seen undermining the safe-haven...
US DOLLAR INDEX COMES UNDER PRESSURE AND RETREATS FROM 3-DAY HIGHS The index climbs to the 106.50 region and recedes afterwards. The risk complex regains momentum and weighs on the dollar. ISM Non-Manufacturing, Factory Orders next of relevance in...
USD/JPY COULD NOW NAVIGATE WITHIN 131.30-135.60 – UOB According to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, USD/JPY is now seen side-lined with the 131.30-135.60 range in the next few weeks. KEY QUOTES 24-hour view: “We...
EUR/USD REGAINS THE SMILE AND RE-TARGETS 1.0200 EUR/USD leaves behind Tuesday’s pullback and approaches 1.0200. Germany final Services PMI remained in contraction territory in July. US ISM Non-Manufacturing takes centre stage later in the NA session. The generalized improvement...
NZD/USD RECOVERS FROM ONE-WEEK LOW AMID SOFTER USD, UPSIDE POTENTIAL SEEMS LIMITED NZD/USD bounces from a one-week low touched in reaction to the mixed domestic jobs report. A positive risk tone underpins the safe-haven USD and offers support to...
US DOLLAR INDEX STEADY AS US AND CHINA TENSIONS RISE American stocks were volatile Tuesday as investors reflected on strong quarterly results by leading companies and hawkish statements by Fed officials. Uber, the biggest ride-sharing company in the world,...
AUDUSD PLUNGE CONTINUES DESPITE HAWKISH RBA DECISION The Australian dollar declined sharply on Tuesday even after the latest interest rate decision by the Reserve Bank of Australia (RBA). The bank decided to hike interest rates by 0.50%, bringing the...
USD/CAD STRUGGLES NEAR MULTI-WEEK LOW AMID WEAKER USD, UPTICK IN OIL PRICES USD/CAD stages a modest bounce from a six-week low touched earlier this Thursday. The post-FOMC USD selling, bullish crude oil prices could cap any attempted recovery. Investors...
GBP/USD: BULLS GATHER STRENGTH TO TAKE ON 50 DMA AHEAD OF US GDP GBP/USD firming up amid less hawkish Fed outcome. Rallying yields trigger a fresh rebound in the US dollar. GBP bulls aim for the 50 DMA ahead...
AUD/USD SITS NEAR MONTHLY HIGH, AROUND 0.7000 MARK AS TRADERS AWAIT US GDP REPORT AUD/USD is seen consolidating near a multi-week high set earlier this Thursday. The post-FOMC USD selling bias continued lending some support to spot prices. Recession...