FX option expiries for May 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0640 488m 1.0680 440m 1.0750 946m 1.0775 464m 1.0825 1.1b...
Here is what you need to know on Wednesday, May 8: The US Dollar (USD) stays resilient against its rivals early Wednesday after posting marginal gains...
AUD/USD steady at 0.6624; focus on upcoming RBA decision, quiet US data, and UK bank holiday. Wall Street ends higher, driven by optimism over potential Fed...
Market interpretation of Powell’s words indicates caution due to unpredictability of inflation trajectory. Friday’s Nonfarm Payrolls report showed a slowdown in annual wage inflation, fuelling predictions...
Another dreadful week for the Greenback saw the USD Index (DXY) tumble to three-week lows well south of the 105.00 support, mainly in response to the...
The daily RSI and MACD reflect a negative trend, hinting at increasing selling pressure. Hourly chart indicators echo the bearish sentiment, with RSI around the 40...
USD/JPY drops 0.49%, extending a downtrend possibly sparked by earlier BoJ intervention. Bearish harami pattern observed; recovery contingent on breaking 153.00 resistance. Key support at 152.00;...
US NFP increased by 175K in April, below expectations of 243K, following March’s revised increase of 315K. Unemployment rose slightly to 3.9% while wage inflation decelerated....
The daily indicators hint at a strengthening bullish momentum. Hourly indicators are consolidating after hitting overbought conditions earlier in the session. If the buyers regain the...
US Nonfarm Payrolls report from April underperformed, showing a lower-than-expected increase. The odds of a rate cut in September increased, which seems to be applying pressure...
Here is what you need to know on Friday, May 3: The US Dollar (USD) stays under modest bearish pressure early Friday, with the USD Index...
The Greenback could not sustain the initial optimism and succumbed to further selling pressure amidst renewed strength in the Japanese yen and steady prudence ahead of...
The daily RSI for EUR/JPY highlights a decline from overbought levels to negative territory, depicting seller dominance. Similar to the RSI, the daily MACD shows increasing...
Fed Chair Powell signals inflation still remains high despite significant easing, suggesting an uncertain path forward. Powell acknowledges that strict monetary policy has balanced both inflation...
FX option expiries for May 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0600 990m 1.0670 1.2b 1.0675 881m 1.0700...
The Greenback gave away Tuesday’s advance amidst declining US yields across the curve, all after the Fed left its interest rates unchanged, as expected, and Chief...
Jerome Powell pointed out that the progress on inflation stagnated but that it was on track to the 2% target. He also pointed out that monetary...
Markets foresee a hawkish hold stance by the FOMC, influencing the DXY Index in the upcoming sessions. US Job Openings and ISM PMI figures reported on...
FX option expiries for May 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0610 620m 1.0650 1.2b 1.0700 584m 1.0795...
Daily indicators are pulling back, but remain reem in positive zone. For the short-term, the hourly chart indicators reveal a continued bullish bias, with a possibility...