GBP/USD STICKS TO MODEST RECOVERY GAINS ABOVE 1.2100, UPSIDE POTENTIAL SEEMS LIMITED GBP/USD gained positive traction on Monday and moved further away from a multi-week low. The recent slump in the US bond yields kept the USD bulls on...
GBP/USD STICKS TO MODEST RECOVERY GAINS ABOVE 1.2100, UPSIDE POTENTIAL SEEMS LIMITED GBP/USD gained positive traction on Monday and moved further away from a multi-week low. The recent slump in the US bond yields kept the USD bulls on...
US DOLLAR INDEX PUSHES HIGHER AND TARGETS 102.00 DXY adds to Tuesday’s gains and approaches 102.00. US yields resume the uptrend along the curve. US ISM Manufacturing, Fed’s Beige Book next on tap. The greenback, when tracked by the US...
USD/JPY REMAINS DEPRESSED BELOW 127.00 MARK, BEARS AWAIT BREAK BELOW MONTHLY LOW A combination of factors prompted fresh selling and dragged USD/JPY closer to the monthly low. Recession fears benefitted the safe-haven JPY and exerted pressure amid subdued USD...
GBPUSD REMAINS WEAK The British pound remains weak against the US dollar as traders continue to sell any rallies in the pair towards the 1.3100 resistance level. Traders are cautious ahead of the Bank of England rate decision as...
NZD/USD could attempt a recovery near term – UOB FX Strategists at UOB Group expected the Kiwi Dollar to move into a sideline pattern vs. the Greenback. Key Quotes 24-hour view: “We highlighted yesterday “further sustained decline is unlikely”...
The price of crude oil jumped in overnight trading as traders cheered the ongoing supply cuts by OPEC. These cuts started after the December meeting in Vienna during which officials announced that they will cut production in a bid...
The Australian dollar declined today after the country released its employment numbers. The data showed that in December, the employment change was 21.6K, which was better than the expected 16.5K. It was however lower than the 37K that was...
The AUD/USD pair was unchanged today after the Reserve Bank of Australia (RBA) released the minutes for the monetary policy meeting held this month. The minutes showed that officials remained optimistic about the country’s economy. This was boosted by...
Following a test of the monthly pivot point at 0.7187, bulls took control of the market and manage to push the NZD/USD pair higher yesterday. However, the rally was stopped by the weekly PP at 0.7277, as the Asian...
The EURUSD pair remains bearish and under downside pressure in early Friday trading, as risk-off trading sentiment continues to spread through broader financial markets. Price-action is currently range-bound between the 1.2240 to 1.2270 region, after the pair suffered more...