DXY regains positive traction amid some repositioning ahead of the US PCE Price Index. The recent hawkish comments by Fed officials back the case for one...
Here is what you need to know on Thursday, June 27: The Japanese Yen (JPY) recovers slightly after falling to its weakest level since 1986 against...
USD/JPY bulls opt to take some profits off the table amid intervention fears. The upbeat Japanese Retail Sales underpin the JPY and also exert pressure. The...
US Dollar extended recovery to Wednesday, reaching 106.00, its highest level since early May. Rising US Treasury yields lent support to the US currency. Week’s highlight...
Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent crossed the wires in the last hour, saying that the recent data reinforce the need to be...
NZD/JPY remains stable at 97.60, as the pair starts consolidating. The 20-day SMA at 96.30 offers considerable support against a potential correction. Despite the consolidation phase, the...
Australian Dollar’s downside is supported by hawkish RBA outlook. Markets now hint at rate cuts not before February 2025. Upcoming May CPI figures will be pivotal...
US Dollar opens Tuesday with robust rebound. Fed officials maintain a cautious approach given mixed economic indicators. May’s PCE is the week’s highlight on Friday. On...
GBP/USD drifts higher on Monday amidst a thin early-week economic calendar. UK GDP data due at the end of the week, strictly mid-tier releases on offer...
EUR/USD recovered from last week’s downside but remains hung up on 1.0730. As USD flows turned lower, Euro traders shrugged off a miss in German data....
US Dollar closed out a strong week and opened Monday on a soft note. Fed officials offer cautionary advice concerning easing cycles amidst mixed signals in...
GBP/USD struggles near its lowest level since mid-May touched on Friday. Bets for a rate cut by the BoE in August continue to undermine the GBP....
EUR/USD struggles to attract any meaningful buyers and is undermined by a combination of factors. Political uncertainty in Europe, along with Friday’s dismal Eurozone PMIs, seems...
Norges Bank kept rates steady at 4.5%, as expected. The bank is delaying the easing to Q1 of 2025. As long as the NB policy diverges...
US Dollar soars on back of robust PMI figures for June. Markets continue to exercise caution as Fed officials maintain a wary stance on easing cycles....
The cross continued its upward journey, reaching new cycle highs above 97.50, levels not seen since July 2007. The daily chart shows intense bullish sentiment, with...
Kiwi tallies a three-day losing streak, end the week on a negative note with the pair stabilizing at 0.6115. NZD/USD outlook continues to skew bearish as bulls...
Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy...
USD/JPY remains supported near its highest level since April touched earlier this Friday. The BoJ rate-hike uncertainty and mixed National CPI from Japan undermine the JPY....
EUR/USD backslid to the 1.0700 handle on Thursday, erasing the week’s gains. EU PMI figures expected to rise slightly on Friday. US PMIs to wrap up...