Can AUD/USD Regain Momentum?
Facebook LinkedIn AUD/USD Pair Struggles Below 0.6700 Amid US Dollar Strength – Key Technical Levels to Watch The AUD/USD currency pair faces downward pressure after a strong rally that briefly lifted prices near the 0.6700 mark, a two-week high. The pair’s retreat on Friday aligns with resistance from the 100-day Simple Moving Average (SMA) and […]
GBP/JPY Awaits BoE Rate Cut and Japan’s FX Intervention
Facebook LinkedIn GBP/JPY Retreats Amid BoE Rate Cut Speculation and Japanese Verbal Intervention The GBP/JPY currency pair experienced a slight pullback in Thursday’s Asian session after reaching a one-week high of around 199.55. Currently trading near the 199.00 mark, the pair remains relatively stable as traders anticipate the Bank of England’s (BoE) upcoming policy decision. […]
EUR/JPY Stable with Focus on BoJ, Eurozone GDP, and U.S. Election
Facebook LinkedIn EUR/JPY Holds Steady Amid BoJ’s Hawkish Stance and Japan’s Slowing Services Sector The EUR/JPY pair remains near 165.50 during Wednesday’s Asian trading session, supported by the Bank of Japan’s (BoJ) latest hawkish minutes. The minutes reveal a unified stance among board members favoring continued interest rate hikes, aligning with Japan’s inflation and economic […]
Dollar Softens Amid U.S. Election and Rate Decisions
Facebook LinkedIn Dollar Weakens as U.S. Presidential Election Looms, Markets Brace for Possible Volatility On Tuesday, the U.S. dollar softened as traders adjusted their positions ahead of the U.S. presidential election. A recent shift in polls dented some market assumptions about a Republican victory for Donald Trump, leading to fluctuations across global financial markets. Meanwhile, […]
AUD/USD Rises on Strong Inflation Gauge and Expected RBA Rate Decision
Facebook LinkedIn Australian Dollar Strengthens Amid Inflation Data; RBA’s Expected Hawkish Stance Boosts AUD/USD The Australian Dollar (AUD) gained momentum following the release of the Melbourne Institute’s Inflation Gauge on Monday, signaling potential support for the Reserve Bank of Australia’s (RBA) hawkish outlook. With underlying inflation, highlighted by the trimmed mean, remaining high, the RBA […]
NZD/USD Stability in Focus Ahead of Key US and NZ Economic Indicators
Facebook LinkedIn NZD/USD Remains Steady as China’s PMI Surpasses Expectations; Key Market Data Awaited For the third consecutive session, the NZD/USD pair remains stable, trading around 0.5980 during Asian hours on Friday. The New Zealand Dollar (NZD) is finding some support from positive economic data from China, its largest trading partner. The Caixin Manufacturing Purchasing […]
Analyzing the GBP/USD Decline
Facebook LinkedIn GBP/USD Decline Continues as Solid US Dollar Gains Traction Amid Election Uncertainty The GBP/USD pair extended its decline for a second consecutive day, trading around the 1.2950 level during Thursday’s Asian session. The downside pressure on the British Pound can be attributed to a stronger US Dollar, fueled by persistent market caution amid […]
Asian Currencies Flat as Dollar Strengthens and Global Market Uncertainty Grows
Facebook LinkedIn Asian Currencies Steady Amid Dollar Stability and Key Economic Events Asian currencies experienced minimal movement on Wednesday, with the U.S. dollar steadying ahead of the much-anticipated U.S. presidential election and several important economic reports. The Japanese yen remained stable after hitting a three-month low, as attention shifted to the upcoming Bank of Japan […]
Why the Indian Rupee is Weakening
Facebook LinkedIn Indian Rupee Weakens Amid Foreign Outflows and Rising US Bond Yields The Indian Rupee (INR) softened on Tuesday due to sustained foreign outflows from domestic stocks and rising US bond yields, largely influenced by increasing odds of Donald Trump winning the US presidential election. However, a decline in crude oil prices could offer […]
JPY Falls to Three-Month Low – What’s Next for USD/JPY
Facebook LinkedIn Japanese Yen Hits Three-Month Low Amid Bank of Japan Rate-Hike Uncertainty The Japanese Yen (JPY) plummeted to a fresh three-month low against the US Dollar (USD) during the Asian trading session on Monday. This drop follows a significant political shift in Japan, where the ruling coalition lost its parliamentary majority, raising concerns over […]