The RSI on the daily chart of EUR/JPY indicates sustained bullish momentum. Hourly chart shows an RSI below its mid-zone and MACD with rising red bars,...
Mexican Peso on defensive as USD/MXN is back above 17.00. Mexican economic growth estimated at 2.1% YoY in March, but market focus shifts to upcoming Retail...
DXY Index recovers and flirts with November highs. Initial Jobless Claims data came out slightly lower than expected. Fed’s stance remains hawkish, persistently increasing pressure on...
Euro recovery fails ahead of 1.0700 and ECB policymakers point to a June rate cut. In the US, strong employment levels and some hawkish comments by...
FX option expiries for Apr 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0625 610m 1.0635 618m 1.0640 498m 1.0650...
Japan’s top currency diplomat Masato Kanda said on Thursday that the G7 statement reconfirmed commitment on forex on the back of the stance put forward by...
The RSI on the daily chart lies deep in negative terrain but recovered. The hourly RSI paints a growing buying momentum, trending the positive territory. The...
European Central Bank’s President Christine Lagarde speaks in Washington, DC. Key Quotes Growth in Europe is mediocre, much slower than in the US We’re clearly seeing...
The Greenback saw its recent rally run out of steam, prompting a corrective move in the USD Index (DXY) and some recovery in the risk-linked galaxy...
Mexican Peso regains ground, trading at 16.98 against the US Dollar following Banxico Deputy Governor’s comments on maintaining high rates. Banxico Deputy Governor Jonathan Heath indicates...
Canadian Dollar advances moderately favoured by a softer US Dollar. USD/CAD is pulling back despite the Fed’s hawkish stance and lower oil prices. Current Canadian Dollar...
The DXY Index is recording mild gains, hitting a high since early November at 106.1. Investors are focusing on Fed Chair Powell’s hawkish stance and US...
Here is what you need to know on Wednesday, April 17: The US Dollar holds steady against its major rivals after ending Tuesday on a bullish...
Canadian Dollar sufers on US Dollar strength as Fed’s Powell strikes a hawkish note. Powell warns that later inflation data shows lack of further progress and...
Further gains saw the Greenback clinch new highs against the backdrop of higher yields and firmer speculation of a Fed’s rate cut by year end. In...
DXY Index witnesses minor incline, hitting an early November peak at 106.30. US housing data reveals weakness with Building Permits and Housing Starts falling. Powell commented...
Fed Powell warns about sticky inflation and sends the US Dollar higher. The frail market sentiment on concerns about the Middle East conflict is weighing on...
The Pound drops on weak UK employment data, to retest support area at 1.2430. UK Unemployment rate increased to 4.2% in the three months to February...
Here is what you need to know on Tuesday, April 16: The US Dollar (USD) continues to gather strength early Tuesday after outperforming its major rivals...
FX option expiries for Apr 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0610 492m 1.0620 495m 1.0650 801m 1.0670...