Forex
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Trade of The Day: AUS/USD
Facts AUDUSD has been holding above the 10-day exponential moving average (EMA10; yellow) for seven consecutive sessions. Michele Bullock, Governor…
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US Dollar Index Price Forecast: Supported by rising Oil prices
The US Dollar Index gains further to near 99.90 amid rising Oil prices. Traders have trimmed hawkish Fed bets due…
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Chart of the Day: USDJPY Rises Again. Intervention Is Not Enough — Markets Await BoJ Action
USDJPY is once again moving higher, while the yen is beginning to give back some of the gains it made…
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South Korean Won Extends Gains
The South Korean won traded around 1,414 per dollar, remaining near an over ten-month high touched last week, supported by…
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Australian Dollar declines against New Zealand Dollar following RBA decision
AUD/NZD falls as the Australian Dollar weakens following the Reserve Bank of Australia’s latest interest rate decision. The RBA kept…
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FX Weekly: Yen Returns to Losses, Dollar Under Pressure
Following a record intervention by the Japanese Ministry of Finance and the US Department of the Treasury, the yen strengthened…
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EUR/JPY Price Remains below 183.00 as bearish bias prevails
EUR/JPY could find primary support at the nine-day EMA at 183.34. The 14-day Relative Strength Index at 47.63 indicates prevailing…
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GBP clings to gains against US Dollar, US CPI in focus
The British Pound trades firmly at around 1.3500 against the US Dollar. Investors await the US CPI data for July…
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Canadian Dollar sits near two-month top vs USD amid bullish oil prices
USD/CAD languishes near a two-month low as bullish oil prices continue to underpin the Loonie. Geopolitical uncertainties, inflation risks and…
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Japanese Yen holds range in thin holiday trading amid intervention speculations
Japanese Yen holds steady during Mountain Day holiday while markets weigh potential intervention amid thin liquidity. The BoJ may raise…
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