Share: EUR/USD loses ground as the US Dollar attempts to recover its recent losses. The lagging indicator MACD suggests a confirmation of the bearish momentum. The 38.2% Fibonacci retracement at 1.0867 and major support at 1.0850 could act as the … [Continue reading]
EUR/JPY Price Analysis: Slumps below 161.00, sellers targeting key support level
Share: EUR/JPY falls 0.29%, influenced by BoJ Governor Ueda's hints at possible monetary policy normalization. Technical analysis shows the pair in a neutral stance, with a potential drop below the Tenkan-Sen at 160.22 opening the path to 160.00 … [Continue reading]
United States 5-Year Note Auction climbed from previous 3.801% to 4.055%
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]
US Dollar sinks ahead of US PMI with calls for quicker cuts back on the table
Share: The US Dollar is back flirting with a break lower. Traders are going into risk-on mode with German and EU PMI numbers improving. The US Dollar Index faces pressure on the 103-handle again. The US Dollar (USD) sinks lower with traders … [Continue reading]
USD/MXN depreciates to near 17.23 due to downbeat US yields, focus on US PMI
Share: USD/MXN snaps a two-day winning streak ahead of US PMI data The decline in the US bond yields undermines the US Dollar. Banxico’s former Governor Agustin Carstens suggested being cautious before making policy decisions. USD/MXN moves in a … [Continue reading]
Gold price drifts lower in a familiar range, traders await this week’s key US macro data
Share: Gold price comes under some renewed selling amid reduced bets for an early Fed rate cut. Geopolitical risks and the uncertain global economic outlook to limit losses for the XAU/USD. Traders might also refrain from placing aggressive … [Continue reading]
Australia Westpac Leading Index (MoM) dipped from previous 0.07% to 0.01% 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]
US Dollar gains ground on the back of higher US yields
Share: The DXY Index showcases gains, jumping back above the 200-day SMA near 103.70. No relevant reports were released on Tuesday, focus is set on PCE and GDP data due later this week. Rising yields and markets delaying dovish bets on the Fed … [Continue reading]
US Dollar slightly up with markets looking for direction
Share: The US Dollar eats into its gains on a further decline in Richmond Manufacturing numbers. Traders try to keep powder dry towards main events on Thursday and Friday. The US Dollar Index sees pressure building on 103 to break … [Continue reading]
USD/JPY could struggle to get meaningful traction to the downside in the near-term – SocGen
Share: USD/JPY retreats below 147.50 as the Bank of Japan continues its loose monetary policy. Economists at Société Générale analyze the pair’s outlook. USD/JPY gains overdone relative to 2y UST/JGB spread The BoJ predictably left all policy … [Continue reading]