USD/JPY has declined to session lows beneath 162.00 following a rejection at 1262.40 on Monday. The US Dollar Index fluctuates without a definitive direction following a retreat from the peaks observed last week. Traders are poised to analyse the forthcoming release of the Fed’s minutes on Wednesday, which will inform their investment strategies. The Japanese … Read more
As investors modify their interest rate expectations for the Federal Reserve in response to a weak US jobs report last week, the Australian Dollar continues its surge into a third consecutive trading session, rising 0.25% on Monday. Consequently, the US Dollar weakened, driving AUD/USD higher to trade at 0.6950 after bouncing off daily lows of … Read more
GBP/USD eases below 1.3350 on Monday, following a seven-day rally. Recent tensions in the Strait of Hormuz have negatively impacted market sentiment during what was otherwise a tranquil beginning to the week. The pair continues to trade within a descending channel. The British Pound ticks lower against the US Dollar Monday, attempting to close a … Read more
The euro traded around $1.1419 as Monday commenced, maintaining a position just above the $1.14 threshold following a modest weekly increase of 0.5%, yet remaining near one-year lows in relation to the dollar. That’s the frame: a currency that has managed to achieve a modest rebound while remaining ensnared in a persistent downtrend that has … Read more
USD/JPY experiences robust follow-through positive momentum for the second consecutive day on Monday. The substantial rate differential between the US and Japan exerts downward pressure on the JPY, whereas the risks associated with Hormuz appear to favour the USD. Intervention risks may deter JPY bears from initiating new positions and limit spot price movements. The … Read more
USD/CAD maintains its position as a declining crude oil market contends with lacklustre US employment figures. The commodity-linked Canadian Dollar is experiencing downward pressure as a result of falling global oil prices. Weak June US Nonfarm Payrolls indicate a cooling economy, leading to a notable decrease in market expectations for future Fed rate hikes. USD/CAD … Read more
The EUR/USD pair is currently positioned around 1.1450 as it approaches the July 4 weekend, experiencing a rebound from a one-year low following a lacklustre US jobs report that has diminished the dollar’s strength. That appears to be a favourable outcome for the euro. It is not — the bounce stalled below 1.15, constrained by … Read more
USD/JPY is currently positioned around 161.1 as the July 4 weekend approaches, having retreated from a four-decade peak of approximately 162.5-162.8 reached on July 1 — marking the yen’s lowest point since 1986. The yen experienced a notable increase of nearly 1% toward 161 on Thursday before reducing its gains, marking its most significant rebound … Read more
AUD/USD remains stable as the Australian Dollar gains support from favourable domestic Trade Balance data. Australia’s Trade Balance experienced a shift to a A$3,018M deficit in May, marking a reversal from the surplus recorded in April. The US Dollar remains steady following Fed Chair Kevin Warsh’s relatively subdued remarks at Wednesday’s ECB Forum. AUD/USD inched … Read more
NFP falls short of expectations, with significant downward revisions to previous months. Expectations for Fed tightening have diminished as yields exert pressure on the US Dollar. Political uncertainty and speculation regarding intervention contribute to heightened volatility in Cable. The Pound Sterling registers solid gains against the US Dollar on Thursday following the latest US employment … Read more
