EUR/JPY is seen below 150.00 at the beginning of next year
The Yen is dropping across the board on Monday weighed by reports that have cooled off hopes the bank might signal the exit of its ultra-loose policy after next week’s meeting. Market sources reported that Bank of Japan officials see little need to end the negative rates policy. This has poured cold water on the […]
The US Dollar pulls back ahead of the NFP report
The US Dollar is losing ground on Friday, calling an end to a 4-day rally as the loonie trims losses, favored by higher Oil prices ahead of the US Nonfarm payrolls report. The Dollar recovery lost steam on Thursday after the increase on last week’s Jobless Claims confirmed the softer US labor market anticipated by […]
Australian Dollar’s recovery is losing steam at 0.6570 area
The Aussie bounced up from two-week lows at 0.6520 on Thursday, favored by a moderate US DOllar reversal although the negative risk sentiment is capping bulls at the upper range of 0.6500. Earlier on Thursday, China’s trade balance data failed to offset concerns about the financial stability of the Asian main economy triggered by Moody’s […]
The DXY US Dollar Index could snap its winning streak
The US Dollar (USD) is rolling over and trades in the red after ADP numbers failed to add more US Dollar strength. The underperforming ADP numbers have triggered risk on in equities and see US yields decline further. The mix of all this is base of a bit of Greenback weakness. On the economic front, […]
AUD/USD remains under some selling pressure
The AUD/USD pair extends the overnight retracement slide from the vicinity of the 0.6700 mark, or over a four-month high and drifts lower for the second straight day on Tuesday. The downward trajectory drags spot prices to over a one-week low, around the 0.6570 region during the early European session and is sponsored by a […]
The Canadian Dollar sees downside pressure on Monday
The Canadian Dollar (CAD) pared back some of last week’s gains as the US Dollar (USD) sees a broad-market recovery on the back of renewed risk aversion. The Canadian Dollar is down roughly a third of a percent against the Greenback on Monday. Canada is absent from the economic calendar for the early half of […]
USD/CAD could extend its losses toward the 1.3500 psychological support level
USD/CAD extends its losses for the second successive day, trading lower around 1.3530 during the European session on Friday. The weakened US Dollar (USD) exerts pressure and undermines the pair. Furthermore, the rebound in WTI prices could provide support to the Canadian Dollar (CAD), consequently putting downward pressure on the USD/CAD pair. The technical indicators […]
Gold prices (XAU/USD) have soared, reaching a six-month high
Gold price climbs to a six-month high, more than 0.50% on Tuesday, early in the North American session, as the Greenback remains on the defensive, undermined by falling US Treasury bond yields. At the time of writing, the XAU/USD exchanges hands at $2025, after bouncing from daily lows of $2011.79. The market mood shifted sour […]
EUR/JPY gives away part of the recent three-day advance
EUR/JPY surrenders part of the recent bullish move and retests the key support around 163.00. In case the bulls regain the upper hand, the cross could attempt another visit to the YTD tops around 164.30 (November 16) in the short-term horizon. Against that, the surpass of the yearly high is expected to face the next […]
The XAU/USD sees a boost, ascending to the $2000 level
The XAU/USD is finding traction in Friday’s session, capitalizing on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognized as the price of gold in US dollars, is exchanging hands, trading towards $2,000 and seeing 0.30% gains. In early November, economic activity within the US private sector displayed slight growth, as indicated […]
