Next on the upside comes the 143.00 region
EUR/JPY climbs further and retakes the 142.00 mark. Further gains could see the resistance area around 143.00 revisited. EUR/JPY adds to Friday’s strong bounce and leaves behind the key 142.00 hurdle at the beginning of the week. A sustainable breakout of the 200-day SMA, today at 140.76, should shift the outlook to a more constructive […]
Country’s finances are becoming increasingly precarious
Japan’s Finance Minister Shunichi Suzuki warned about the country’s finances during his appearance on Monday. Key quotes “Japan’s public finances have increased in severity to an unprecedented degree as we have compiled supplementary budgets to respond to the coronavirus and similar issues,” “The government will strive to stably manage Japanese government bond (JGBs) issuance through […]
EUR/USD tops 1.0900 for first time since last April
EUR/USD buyers are on a roll at the start of the week. Hawkish ECB commentary boosts the Euro bulls, US Dollar falls. Holiday-thinned light trading could exaggerate the moves. The Euro is keeping the upper hand against the US Dollar at the start of the week on Monday, as EUR/USD is rising above the 1.0900 […]
AUD/USD starts off bid and eyes are on 0.7000/20
AUD/USD is moving in on the price imbalance in the 0.6980s. There is further potential for a move-up in the initial balance for the week with CPI eyed. The key areas to the downside are 0.6950 and 0.6910 ahead of 0.6870. AUD/USD is starting out the week a touch higher as the commodities complex remains […]
EUR/USD Price Analysis: Remains consolidative below 1.0900
EUR/USD comes under pressure but remains bolstered by 1.0800. Next on the upside emerges the key barrier at 1.0900 the figure. EUR/USD fades the initial test of the 1.0860 region and returns to the negative territory on Friday. Extra range bound mood looks likely for the time being, while the surpass of the so far […]
USD/JPY holds to weekly gains near 130.00, high volatility to persist
Japanese Yen among worst G10 performers after BoJ status quo. US Dollar mixed between higher yields and risk sentiment. USD/JPY attempts recovery, still limited below the 20-day SMA. The USD/JPY moved off daily highs during the American session on Friday, pulling back under 130.00. The pair peaked at 130.60, the highest level in two days. […]
USD/CAD stumbles below the 20/100-day EMAs, eyeing 1.3400
US Existing Home Sales continue to deteriorate and weigh on the US Dollar. Retail Sales in Canada dropped, though improved in November, compared with October. Fed’s Patrick Harker supports 25 bps rate hike increases to the Federal Funds rate. USD/CAD is registering moderate losses during the North American session, falling from daily highs nearby 1.3500 […]
AUD/USD bulls reclaimed 0.6900 as the USD wobbles
A risk-on impulse favored risk-perceived currencies like the Australian Dollar. The US housing market continues to deteriorate, as shown by Existing Home Sales plunging. Fed officials favor a deceleration of rate hikes, though the higher-for-longer stance remains unchanged. The AUD/USD edged higher in the mid-North American session on Friday, following a soft employment report from […]
GBP/USD climbs towards 1.2390, bouncing from lows hit at the 1.2330 area
GBP/USD is almost flat due to the US Dollar erasing its earlier gains and on a risk-on impulse. Data in the US showed that the housing market remains dampened, a headwind for the US Dollar. Fed’s Waller: Supports 25 bps rate hikes, though does not expect rate cuts by year-end. GBP/USD seesaws during the North […]
Bulls reclaim the 20/200-DMAs, eyeing a weekly close above 140.50
EUR/JPY bounced off the day’s lows at 139.03 and hit a daily high of 141.19 before losing steam. The EUR/JPY reclaiming and achieving a daily close above the 200-day EMA keeps bulls hopeful of higher prices. The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the […]