USDJPY Eyes 109.00 Handle and Negative Pressures Lose Power
USDJPY’s recent pullback from the 1-year high of 110.96 seems may not have the necessary potency to successfully overpower the positive bias. The advancing 100- and 200-period simple moving averages (SMAs) are defending the positive structure, while the declining 50-period...
Euro Pauses after Solid Week
The euro has posted slight gains in the Monday session. Currently, EUR/USD is trading at 1.1914, up 0.13% on the day. The euro has been on a steady decline since mid-February, but reversed directions and gained 1.19% last week, its...
Dollar Softens ahead of Treasury Auctions, Sterling Staging Strong Recovery
Dollar turns softer entering into US session, as traders await the results of auctions of both 3- and 10-year bonds, worth USD 96B in total. Additionally, there will be auction of USD 24B of 30-year bonds tomorrow, and a total...
USDCAD Triangle Watch
The US dollar is still struggling for directiona against the Canadian dollar, despite last Friday’s very strong monthly jobs report from the Canadian economy. The lower time frames currently show that the USDCAD pair is trapped within a triangle pattenr,...
Dollar and Yen Higher on Mild Risk-Off Sentiment, Kiwi Up ahead of RBNZ
Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen...
RBNZ to Leave Expansionary Policy Unchanged as Growth Momentum Eases
Economic developments have been mixed since the February RBNZ meeting. Inter-meeting data show deceleration in the growth momentum, while inflation expectations have soared. Government’s measures to curb property prices would be another factors easing the growth outlook, while the Trans-Tasman...
Data Flurry to Inspire a Range Break?
Last week’s narrow AUD/USD trading range of 0.7588 to 0.7677 was the first sub-1 cent weekly range since November 2020. This week’s busy Australian data calendar could inspire clearer direction for the Aussie.Data flurry to inspire a range break? Last...
Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a...
Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal support
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The U.S. economy is at a...
Euro Reversed Course on Less Pessimistic European Outlook, Commodity Currencies Ignored Risk Rallies
Swiss Franc and Euro ended as the strongest ones last week, as investors reversed their short positions accumulated in Q1. In particular, such reversals pushed Sterling to be the worst performing one, suffering heavy pressure against both Euro and Franc....
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