EUR/USD Current price: 1.0452 ECB Governing Council member Knot commented on potential benefits of Chinese trade. The United States will publish some minor macroeconomic figures after the opening. EUR/USD advances in thin trading conditions, faces … [Continue reading]
Japanese Yen remains tepid due to pre-New Year light trading
The Japanese Yen gains ground as traders expect the BoJ to deliver an interest rate hike in January. Japan’s Jibun Bank Manufacturing PMI reached 49.6 in December, exceeding the expected 49.5 and prior 49.0 readings. The US Dollar remains subdued as … [Continue reading]
USD/INR extends rally as US Dollar bids spike
The Indian Rupee tumbles in Monday’s Asian session. A firmer USD, Donald Trump's trade policies and India's economic challenges weigh on the INR. The possible RBI intervention might prevent the local currency from depreciating … [Continue reading]
AUD/USD holds positive ground above 0.6200 in thin year-end trading
AUD/USD gains ground to near 0.6220 in Monday’s early Asian session. Fed officials have become more cautious about cutting interest rates, which might support the USD. The RBA dovish expectation is likely to weigh on the Aussie. … [Continue reading]
Russia Unemployment Rate in line with expectations (2.3%) 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]
Russia S&P Global Services PMI dipped from previous 53.2 to 51.2 in December
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]
Dow Jones Industrial Average sheds weight on risk-off Friday
The Dow Jones lost 400 points on Friday. Holiday markets traded on the low side, Dow ended the week flat. Another midweek holiday next week will crimp market volumes. The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday. … [Continue reading]
NZD/JPY price analysis: Pair extends gains above 20-day SMA
NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers … [Continue reading]
Australian Dollar drifts near yearly support as holiday trade thins
Aussie dips to 0.6215 on a quiet Friday session. Year-end lull keeps markets subdued. RBA dovish bets rise amid easing inflation and mixed economic outlook. The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in … [Continue reading]
AUD/USD declines to 0.6215 amid muted trading and RBA dovish tone
The AUD/USD pair traded in a narrow range near the key yearly support of 0.6200 during Friday’s North American session, slipping 0.14% to 0.6215. The muted price action reflects thin trading volumes as markets remain subdued ahead of the New Year … [Continue reading]