ForexLive Asia-Pacific FX news wrap: USD a touch softer vs. other majors
Forex news for Asian trading on Thursday, 9 February 2023 Eamonn Sheridan Thursday, 09/02/2023 | 03:59 GMT-0 09/02/2023 | 03:59 GMT-0 EUR, AUD, GBP, CAD and NZD all traded a little stronger against the USD during the session. News flow was very light, as was data. On Wednesday New Zealand announced a boost to the […]
EUR/USD extends the decline and pierces 1.0700
Share: The selling pressure around EUR/USD remains unchanged. German Industrial Production surprised to the downside. Chief Powell will take centre stage later in the NA session. Sellers remain well in control of the sentiment in the global markets and now drag EUR/USD briefly to the sub-1.0700 region on Tuesday. EUR/USD remains offered ahead […]
USD Index extends the upside north of 102.00 ahead of ISM
The index picks up extra pace after another solid NFP print. The US labour market shows no signs of weakness so far. The US economy added far more jobs than predicted. The greenback adds to the optimism seen in the second half of the week and lifts the USD Index (DXY) back above the 102.00 […]
AUD/USD losses traction and plummets to two-week lows around 0.6930s after solid US data
AUD/USD falls sharply by more than 100 pips on US economic data. The US Nonfarm Payrolls report almost tripled the market’s expectations for job creation. US ISM Non-Manufacturing PMI is back at expansionary territory. AUD/USD collapsed after US economic data on Friday showed that the labor market remains tight, and it would keep the US […]
GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data
The Pound Sterling opposes no resistance to upbeat economic data in the United States. US jobs data and services activity showed that the US economy remains solid despite the US Federal Reserve tightening cycle. For the next week, GBP/USD traders are eyeing the UK GDP and US Fed speakers. GBP/USD nosedives and extended its losses […]
USD/CAD Price Analysis: Gains traction and tests the 100-day EMA at around 1.3410
USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US jobs report bols Source link
Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
AUD/USD is seen navigating within 0.7000-0.7135 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, AUD/USD could now trade between 0.7000 and 0.7135 in the short term. Key Quotes 24-hour view: “We highlighted yesterday that ‘the sharp and rapid rise appears to be overdone but AUD could rise above 0.7170 first before easing’. AUD […]
USD/CAD pares Wednesday’s losses and climbed back above 1.3300 on a buoyant US Dollar
The rate hike by the US Federal Reserve tumbled the USD/CAD to new YTD lows. Falling oil prices and solid US labor market data underpinned the USD/CAD. USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing PMIs. USD/CAD is recovering some ground after posting minimal losses Wednesday, which sent the pair into […]
USD Index appears depressed post-Fed, breaches 101.00
The index drops to 10-month lows near 100.80. The dollar remains on the defensive post-FOMC event. Initial Claims, Factory Orders next of note in the docket. The greenback, in terms of the USD Index (DXY), adds to the weekly leg lower and breaks below the 101.00 support to print new 10-month lows on Thursday. USD […]