Share: EUR/JPY climbs in North American session, gaining 0.22% and trading at 159.86. Buyers aim for a daily close above latest cycle high at 159.91 to open the door for further upside. If EUR/JPY prints a daily close below 159.91, potential … [Continue reading]
USD/JPY: Scope for the Yen selling to come to an end – MUFG
Share: The Yen weakened in October versus the US Dollar to levels above 150.00. Economists at MUFG Bank analyze Yen’s outlook. Yen weakness to persist but peak rates globally should halt slide We outlined in September the prospect of negative … [Continue reading]
USD/CAD tumbles to near 1.3800 as investors see Fed rates peak for now
Share: USD/CAD falls sharply to near 1.3800 as the US Dollar tumbles amid steady Fed policy. The USD Index drops to near 106.16 as investors see the Fed done with hiking interest rates. Investors await the US and Canadian Employment data for … [Continue reading]
Bitcoin price likely to experience volatility if US NFP report for October exceeds expectations
Share: Bitcoin price stayed above $35,500, following the Federal Reserve’s decision to hold interest rates. The US economy is expected to have added 180,000 Nonfarm Payrolls in October, after a nearly double increase in September. An … [Continue reading]
AUD/USD Price Analysis: Bulls have the upper hand near 0.6430-35 area, over three-week high
Share: AUD/USD gains traction for the second straight day and climbs to over a three-week top. The post-FOMC USD selling bias turns out to be a key factor behind the ongoing move up. A move beyond the 50-day SMA and the 23.6% Fibo. supports … [Continue reading]
Forex Today: Fed holds, Dollar slides and stocks rise
Share: Markets will continue to digest the FOMC meeting. During the Asian session, Australia is scheduled to release trade data and home loan figures. Later in the day, Switzerland will report consumer inflation data. More US employment data is due … [Continue reading]
Canadian Dollar pinned to low side ahead of Fed rate call
Share: The Canadian Dollar is trapped near familiar low bids as Fed rounds corner. Bank of Canada Governor Tiff Macklem wrapping up government testimony today. Markets are expecting a hawkish pause from Fed Chair Powell. The Canadian Dollar (CAD) … [Continue reading]
United States ADP Employment Change registered at 113K, below expectations (150K) in October
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
NZD/USD hovers around 0.5820 after subdued Kiwi, Chinese data
Share: NZD/USD extends losses on weaker Kiwi and Chinese economic data. Kiwi Employment Change declined by 0.2% in the third quarter. China's Manufacturing PMI dropped to 49.5 in October. Traders seek Fed's remarks on interest rates trajectory. … [Continue reading]
USD/JPY retreats from the yearly high, hovers above 151.00
Share: USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan's Chief Cabinet Secretary Matsuno engaged in some verbal … [Continue reading]