The Japanese Yen (JPY) continues to underperform against the US Dollar (USD), with the USD/JPY pair trading 0.3% higher to near 157.85 during the European session on Wednesday. The USD/JPY pair is little far from the two-week high of 158.05 posted on … [Continue reading]
Forex Today: US Dollar continues to gather strength ahead of PMI data
Here is what you need to know on Wednesday, September 23:The US Dollar (USD) outperforms its major rivals early Wednesday, with the USD Index climbing to its highest level since late July above 100.70. The economic calendar will feature preliminary … [Continue reading]
Canadian Dollar seems vulnerable as Iran diplomacy hopes weigh on oil prices
The USD/CAD pair attracts buyers for the third straight day and trades around the 1.4070-1.4075 area during the Asian session on Wednesday, near its highest level since July 29, touched the previous day. Moreover, the fundamental backdrop supports … [Continue reading]
Singapore Dollar: Sideways bias holds above support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/SGD, noting recent sideways trade around 1.2760. They expect the Singapore Dollar (SGD) pair to stay in a narrow intraday band, while the … [Continue reading]
British Pound sinks as USD shrugs off Hormuz reopening hopes
The Pound Sterling (GBP) dives over 0.17% against the US Dollar (USD) on Tuesday amid newswire reports that Tehran intends to reopen the Strait of Hormuz if the United States meets certain conditions. At the time of writing, GBP/USD trades at 1.3343 … [Continue reading]
Ripple Price Forecast: XRP holds $1.50 as rising exchange reserves raise caution
Ripple (XRP) trades elevated above $1.52 on Tuesday despite experiencing a minor correction from the previous day’s high of $1.57. XRP framed the uptrend last week, rising alongside the broader bullish cryptocurrency market.Buying interest broadly … [Continue reading]
Equities: Fresh optimism lifts S&P 500 near highs – Deutsche Bank
Deutsche Bank strategists highlight a strong risk-on session in US equities, with the S&P 500 up over 1% and back in positive territory for September, sitting less than half a percent below its all-time high. Tech leadership via the Nasdaq and … [Continue reading]
RBA’s Bullock: Supply shocks are difficult for monetary policy to deal with
Reserve Bank of Australia (RBA) Governor Michele Bullock said in a statement released during the Asian trading session on Tuesday that supply shocks are difficult for monetary policy to deal with. Bullock added, “Policy needs to deal with … [Continue reading]
NZD/USD Price Forecast: Bears lean on 0.5700 as RSI sinks
The New Zealand Dollar extends its losses for the second straight trading session, down 0.13% after last week’s Fed rate hike and a hawkish tilt within the board, which was reinforced by speeches of Fed officials on Monday. The NZD/USD trades at … [Continue reading]
AUD/USD Price Forecast: Upside bias intact despite mixed momentum
AUD/USD reverses its earlier gains on Monday as a broadly firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations cap the upside. However, expectations that the Reserve Bank of Australia (RBA) could deliver another rate hike provide … [Continue reading]