Forex
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Rupee Slides as Oil and US Yields Surge
The Indian rupee hovered near 96.1 per dollar, after touching successive record lows in recent sessions, weighed down by rising…
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CHF flatlines near multi-week low on Fed hike repricing
USD/CHF trades flat around 0.7870 in Monday’s early European session. Markets now see the next Fed interest rate move. Trump…
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GBP seems vulnerable near 1.3300 vs USD on Iran tensions, UK political turmoil
GBP/USD attracts sellers for the fifth consecutive day amid a combination of negative factors. Rising Fed rate hike bets and…
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NZD holds losses below 0.5850 on weak Chinese data
NZD/USD softens to near 0.5830 in Monday’s Asian session. China’s Retail Sales rose 0.2% YoY in April; Industrial Production climbed 4.1%…
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AUD/USD remains subdued below 0.7150 following China’s data
Australian Dollar holds losses as China’s Retail Sales rose 0.2% YoY in April, against 2.0% expected and 1.7% prior. Fed…
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CAD hangs near one-month low vs bullish USD; rising Oil prices limit losses
USD/CAD stands firm near one-month top amid sustained USD buying interest. Fed rate hike bets and geopolitical tensions benefit the…
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AUD/JPY – Tests ascending triangle bottom near 113.00
AUD/JPY may rebound toward the nine-day EMA of 113.72. The 14-day Relative Strength Index near 50 hints at a current…
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Dollar Strengthens on Fed Rate Hike Bets
The dollar index climbed above 99.3 on Monday, reaching its strongest level in six weeks as rising inflationary pressures linked…
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Offshore Yuan Extends Fall on Weak Data
The offshore yuan weakened to around 6.81 per dollar on Monday, extending losses from the previous week as a series…
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Trade of the day: GBPUSD
Facts: The pair bounced off the lower limit of 1:1 structure at 1.3500 Main trend on the pair remains upward…
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