USD/CHF rises to two-day highs near 0.9250
Swiss Franc among worst performers on Friday. USD/CHF heads for weekly loss, but off lows. EUR/CHF extends rebound, approaches parity. The USD/CHF is up on Friday, but still down for the week. The pair surged to 0.9234, hitting the highest level in two days and then pulled back toward 0.9200, amid a weaker US Dollar. […]
Gold prices ease as dollar ticks up, but set for fifth weekly rise
By Seher Dareen (Reuters) – Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. Spot gold fell 0.3% to $1,926.06 per ounce by 10:22 a.m. […]
USD/JPY Price Analysis: The yen strengthens, as bears stepped in around 128.60s
On Thursday, the USD/JPY fails to hold to its gains and trades beneath its opening price by 0.33% after hitting a daily high of 128.88. At the time of Source link
EUR/USD struggles around 1.0880s and tumbles below 1.0800
EUR/USD erases its earlier gains, despite registering a 9-month high around 1.0887. Big Tech companies slashing 28K jobs, and weaker US economic data, sparked recession fears. Fed officials support interest rate hikes until 5% or slightly above. EUR/USD reversed its course after hitting a nine-month high around 1.0887 on Wednesday after US economic data could […]
Upbeat China Data may Unlock more Upside in Euro and other Pro-Cyclical Currencies
The unexpected rebound of the Chinese economy as seen in the latest batch of Chinese data reinforced the idea that a hidden China economic momentum will unlock the upside in pro-cyclical currencies, including the euro. The decline in natural gas prices pushes the idea of an energy crisis deep to the sidelines causing revisions of […]
EUR/USD now points to some consolidation – UOB
UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest EUR/USD is now seen within the 1.0680-1.0880 range. Key Quotes 24-hour view: “We expected EUR to ‘trade sideways between 1.0790 and 1.0860’ yesterday. However, EUR rose briefly to 1.0869, dropped sharply to 1.0773 and closed at 1.0788 (-0.26%). The rapid decline in […]
US Dollar looks to stabilize amid cautious markets
Here is what you need to know on Tuesday, January 17: The US Dollar is building on the previous recovery this Tuesday, as risk sentiment remains tentative following the release of China’s growth numbers. China’s Q4 GDP topped forecasts but expanded at the second-slowest pace since the 1970s. China’s GDP expanded by 2.9% in Q4 YoY, official […]
USD/JPY rises back above 128.50 on broad US Dollar strength, ahead of the BoJ’s meeting
The USD/JPY traded below 128.00 for the first time since June 2022. USD/JPY traders are bracing for the Bank of Japan’s monetary policy meeting on Wednesday. USD/JPY Price Analysis: Downward biased; it could test 125.00 in the near term. The USD/JPY recovered after hitting an eight-month low around 127.21, reclaiming 128.00 and advancing sharply toward […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
A test of 1.0900 remains well in place
EUR/USD sees its recent strong advance momentarily halted. The resumption of the bullish bias should target the 1.0900 level. EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday. Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further […]