Forex
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EUR/USD Gives Back Gains on Euro-Zone Services PMI’s
09:45 AM GMT, Italy – PMI Data for April: HCOB Italy Services PMI: actual 52.9; forecast 51.3; previous 52.0; HCOB Italy Composite PMI: actual…
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USD/CHF holds above 0.8200; upside seems limited
USD/CHF bulls remain on the sidelines amid the lack of any meaningful USD buying interest. Sustained safe-haven demand underpins the…
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GBP/USD Hovers around 1.3300 as nine-day EMA caps upside
GBP/USD faces initial resistance at the nine-day EMA of 1.3303. The 14-day RSI remains above 50, suggesting a bullish bias…
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EUR/USD Remains confined in a range around 1.1300 ahead of FOMC meeting
EUR/USD struggles for a firm near-term direction as traders await the crucial FOMC meeting. The recent breakdown below the 100-period…
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JPY reverses Asian session dip; USD/JPY seems vulnerable below 144.00
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks…
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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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