NZD/USD recoils to 0.6021 after reaching a weekly peak
NZD/USD retreats after hitting a weekly high of 0.6055 due to a mixed market impulse witnessed in the North American session that bolstered appetite for the Greenback (USD). Speculations of the US Federal Reserve (Fed) forgetting a rate hike, as dovish comments and neutral postures amongst officials emerged. The pair exchanges hands at around 0.6021. […]
USD/CAD rebounds from intraday gains
USD/CAD has almost trimmed the intraday gains, struggling to break the three-day losing streak. The spot price trades around 1.3580 during the European session on Tuesday. The pair is facing challenges as oil prices have rebounded from intraday losses and appear poised to extend their gains further. Western Texas Intermediate (WTI) oil price hovers around […]
Gold discovers buying interest
Gold price (XAU/USD) recovers swiftly to around $1,850 as dismal market sentiment propelled by escalating tensions between Israel and Hamas improves the appeal for safe-haven assets. The yellow metal rebounds as the support from deepening geopolitical tensions offset the hit from a surprisingly strong Nonfarm Payrolls (NFP) report for September. Strong United States employment growth […]
AUD/USD has dropped to near 0.6300 after robust US job data
The AUD/USD pair has faced an intense sell-off to near 0.6300 after the better-than-projected United States Nonfarm Payrolls (NFP) report. The Aussie asset shifted into a bearish trajectory as the market mood has turned cautious as the expectations of one more interest-rate hike from the Federal Reserve (Fed) has accelerated. The S&P500 opened on a […]
USD/CAD marches towards 1.3800 as the correction in the US Dollar concludes
The USD/CAD pair refreshes a six-month high at 1.3785 and is expected to extend its rally towards the round-level resistance of 1.3800 in the European session. The Loonie asset capitalizes on a recovery in the US Dollar and more downside in the oil price. The black gold remains in the bearish territory as investors are […]
The Euro trades on a firm note against the US Dollar
The Euro (EUR) trades with a firm bid bias against the US Dollar (USD), enocuraging EUR/USD to regain fresh upside traction and reclaim area beyond the key barrier at 1.0500 the figure, or two-day peaks, on Wednesday. On the USD-side of the equation, the Greenback breaks below the 107.00 yardstick when tracked by the USD […]
USD/JPY plunges from above 150.00
The USD/JPY experienced a sudden collapse, plunging more than 250 pips within a few minutes. The pair, which had been trading above 150.00 following the release of better-than-expected US data, sharply dropped to 147.28 and then rebounded to 149.00. Significant volatility was observed in Yen crosses due to recent developments, indicating a potential intervention by […]
US Dollar Index’s 11th consecutive weekly gain
The US Dollar (USD) did not get much time to enjoy the party over its eleventh straight week of gains. Last week was a close call as the US Dollar Index (DXY) was able to lock in its gains only in the last few trading hours. Although the US government shutdown might be solved for […]
USD/CAD discovers a cushion near 1.3420
The USD/CAD pair discovered buying interest near 1.3420 in the early New York session. The Loonie asset finds support after Canada’s weak monthly Gross Domestic Product (GDP) and soft United States Personal Consumption Expenditure (PCE) price index reports. The US Bureau of Labor Statistics reported that monthly core PCE expanded at a nominal pace of […]
EUR/GBP corrects significantly to near 0.8630
The EUR/GBP pair drops vertically to near 0.8630 in the European session. The asset faces selling pressure ahead of Germany’s preliminary Harmonized Index of Consumer Prices (HICP) data for September, which will be published at 12:00 GMT. Germany’s annual HICP inflation is seen dropping sharply to 4.5% in September from 6.4% in August. The core […]
