Re-testing weekly highs, shy of the 20-DMA
USD/JPY remains sideways, trapped within the 129.00/131.00 range. Buyers are unable to conquer the 20-day Exponential Moving Average, and keep the USD/JPY pair range-bound. USD/JPY Price Analysis: Remains exposed to selling pressure, as its bias is still downwards. The USD/JPY bounces from weekly lows reached early Thursday at 129.02 and reclaimed the 130.00 psychological level, […]
AUD/USD turns negative after hitting highest level since June
US Dollar gains momentum during the American session as US yields move higher. Markets wobble after US economic data, ahead of central banks meetings next week. AUD/USD drops after a four-day positive streak. The AUD/USD dropped from the highest level since June during the American session after the US Dollar gained momentum. The pair peaked […]
AUD/USD hit a 5-month high and stays above 0.7100 ahead of Wall Street’s close
Higher-than-expected Australian inflation data increased the odds of a rate hike by the RBA. Sentiment shifted mixed as Wall Street’s fluctuated between gainers/losers. AUD/USD Price Analysis: A daily close above 0.7100 will pave the way for further gains. The Australian Dollar (AUD) rose to a fresh five-month high at 0.7122 against the US Dollar (USD) […]
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 […]
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. […]
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