GBP/USD breaks to the upside, eyes 1.2050s
Share: GBP/USD rallies in the New York session ahead of Fed Powell. GBP/USD is the back side of the trendline resistance which is now expected to act as a counter-trendline with a focus on the upside. There are prospects of a move towards the 1.2050s with the 1.1990s eyed as support. GBP/USD is […]
USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus
USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]
Australian Dollar Eyes New Heights Ahead of Crucial CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, CPI, Iron Ore, Gold – Talking Points The Australian Dollar has made ground today on US Dollar weakness While the market is rightly focussed on tomorrow’s CPI, PPI on Friday might impact China is on holiday, but commodities are buoyant. Will AUD/USD make a new high? Recommended by […]
Dollar lower as market eyes slower Fed rate hikes By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar started the week testing a fresh nine-month low as market participants bet on the trimming the size of its interest rate hikes for a second straight meeting in February. Fed officials are entering the ‘quiet period’ before their policy meeting on February 1st, but a report in […]
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 […]
USD/CAD eyes the first weekly gain in five on upbeat options market signals
USD/CAD remains indecisive on a day while taking rounds to 1.3460-50 during early Friday. Even so, the Loonie pair braces for the first weekly gain in five amid upbeat signals from the options market. That said, a one-month risk reversal (RR) of the USD/CAD pair, a ratio of call options versus put options, also known […]
New Zealand Dollar Looks Past PM Jacinda Ardern’s Resignation, Eyes on Wobbly Markets
New Zealand Dollar, NZD/USD, NZ PM Resigning, US Data – Asia Pacific Market Open: NZD/USD looks past New Zealand Prime Minister Jacinda Ardern resigning Rather, the Kiwi Dollar sank earlier as risk aversion boosted the US Dollar New Zealand Dollar vulnerable if sentiment deteriorates in Asia-Pacific trade Recommended by Daniel Dubrovsky Get Your Free USD […]
XAU/USD Eyes U.S. Economic Data for Guidance
GOLD ANALYSIS & TALKING POINTS Gold in the green ahead of U.S. economic releases, USD on offer. Golden cross losing steam? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter […]
Yen eyes further lift as traders probe BoJ defense ahead of meeting By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The yen creeped higher against the dollar Tuesday, riding a wave of hawkish bets on the Bank of Japan moving further away from its dovish stance ahead of a monetary policy update due overnight Wednesday. fell 0.26% to 128.20 The Bank of Japan is expected to stand pat […]
Dollar finds its footing near seven-month low, all eyes on yen By Reuters
© Reuters. FILE PHOTO: Examples of Japanese yen banknotes are displayed at a media event in Tokyo, Japan, November 21, 2022. REUTERS/Kim Kyung-Hoon/File Photo By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade […]