AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »
USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »
EUR/USD loses the grip and returns below 1.0300. EMU Industrial Production expanded 2.4% YoY in June. US flash Consumer Sentiment next of note in the docket. The single currency loses some shine and forces EUR/USD to retreat to the sub-1.0300 region on at the end of the week. EUR/USD weaker on USD-reovery EUR/USD gives away… Read More »
EUR/GBP gains traction for the second straight day and climbs to over a two-week high on Friday. The BoE’s bleak outlook offsets mostly better-than-expected UK data and undermines the GBP. Upbeat Eurozone Industrial Production figures further provide a lift to the cross in the last hour. Concerns about the energy crisis in Europe could act… Read More »
GBP/USD meets with a fresh supply on Friday and retreats further from the post-US CPI swing high. The BoE’s bleak outlook undermines the GBP and acts as a headwind amid a modest USD strength. The better-than-expected UK macro data does little to impress bulls or lend support to the major. The GBP/USD pair turns lower… Read More »
USD/JPY gains traction on Friday and moves away from over a one-week low set the previous day. The Fed-BoJ policy divergence and a positive risk tone undermine the JPY and act as a tailwind. The recent hawkish remarks by Fed officials help revive the USD demand and remain supportive. The USD/JPY pair builds on the… Read More »
Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the market action turned choppy ahead of the weekend. The US Dollar Index moves sideways in a narrow channel above 105.00, the 10-year US T-bond yield holds… Read More »
NZD/USD continues scaling higher on Friday and climbs to over a two-month high The uncertainty over the next Fed rate hike keeps the USD bulls on the defensive. A positive risk tone also seems to cap the USD and benefits the risk-sensitive kiwi. The NZD/USD pair prolongs this week’s strong move up and gains traction… Read More »
GBP/JPY gains some positive traction on Friday and recovers further from the weekly low. Mostly better-than-expected UK macro data benefits the British pound and offers support. The offered tone surrounding the safe-haven JPY remains supportive of the positive move. The GBP/JPY cross builds on the overnight goodish bounce from the 161.25 area, or the weekly… Read More »
The index manages to leave behind part of the recent drop. US yields come under some mild downside pressure. Preliminary Consumer Sentiment next on tap in the docket. The greenback attempts a tepid rebound and revisits the low-105.00s when tracked by the US Dollar Index (DXY) at the end of the week. US Dollar Index… Read More »
