Forex
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NZD/USD remains vulnerable near 0.5950 due to weak Chinese PMI data
NZD/USD struggles following disappointing Chinese economic data. China’s Caixin Services PMI fell to 50.7 in April from 51.9 in March,…
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USD/CAD trades with mild positive bias, remains below mid-1.3800s
USD/CAD attracts some buyers amid a modest USD uptick, though the upside potential seems limited Recovering Oil prices underpin the…
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USD/INR rises due to potential importer hedging demand, RBI dollar-buying interventions
Indian Rupee may regain its ground due to expected progress on a US-India trade agreement. USD/INR’s downside could be restrained…
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Trade of The Day – USD/IDX
Facts: USDIDX is consolidating below the lower boundary of the sideways trend from the past three years. Euphoria in equity…
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GBP trades mixed amid holiday in UK markets, Fed-BoE policy in focus
The Pound Sterling ticks higher against the US Dollar at the start of Fed-BoE monetary policy announcements on Wednesday and…
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EUR/USD advances as US Dollar slumps, Fed policy hogs limelight
EUR/USD moves higher to near 1.1350 as the US Dollar faces selling pressure ahead of the Fed’s monetary policy meeting…
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Chart of The Day – AUD/USD
The Australian dollar extends its gains from the end of last week by 0.5%, remaining the strongest among G10 currencies,…
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EUR/GBP appreciates to near 0.8550 due to strong Eurozone inflation, weak Pound outlook
EUR/GBP advances as the Euro strengthens, supported by stronger-than-expected Eurozone inflation data. The impact on the ECB’s policy outlook is…
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EUR/JPY attracts some sellers to near 163.50 as safe-haven demand grows
EUR/JPY tumbles to near 163.50 in Monday’s early European session. Uncertainty surrounding Trump’s tariffs underpins safe-haven currencies like the JPY. …
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USD/CHF remains depressed amid broadly weaker
USD/CHF attracts sellers for the second straight day and is pressured by a combination of factors. Aggressive Fed rate cut…
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