Forex
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NOK surges following Norges Bank’s rate hike
Key takeaways Norges Bank raises interest rates by 25 bp. The key interest rate is up to 4.25%. The move…
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Chart of The Day – EUR/USD Higher, but Still a Game of Expectations, Not a Trend
mentals. Source: xStation5 What is shaping EUR/USD price action? Fed on hold, but the market is already pricing rate cuts…
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Trade of The Day – EUR/CHF
Facts: The pair returned below the horizontal resistance area at 0.9220 EURCHF is trading below the 100-period exponential moving average…
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Offshore Yuan Extends Rally to Over 3-Year High
The offshore yuan strengthened to around 6.80 per dollar on Thursday, extending its rally for a third straight session and…
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EUR/JPY Trades Flat Around 183.75
EUR/JPY trades calmly amid hopes that Japan could intervene again. Japan’s Mimura said that he will closely monitor the forex…
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Japanese Yen consolidates as intervention fears, hawkish BoJ keep USD/JPY below mid-156.00s
USD/JPY lacks firm intraday directional bias as investors reassess Iran-US peace prospects. The hawkish BoJ and intervention speculations underpin the…
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EUR/USD trades above mid-1.1700s, close to two-week top
EUR/USD stalls the previous day’s late pullback from over a two-week high amid a weaker USD. US-Iran peace deal hopes…
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Australian Dollar recovers latest losses following Trade Balance data
AUD/USD may rebound as easing US-Iran tensions weaken safe-haven demand for the US Dollar. Iran said a US proposal to…
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The CAD remains flat as crude oil prices decline
The Canadian Dollar may weaken as falling oil prices pressure Canada’s crude-export-driven economy. Oil prices fall as easing Middle East…
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NZD/USD gains traction above 0.5950 on US-Iran peace deal hopes
NZD/USD gains ground to near 0.5960 in Thursday’s Asian session. Iran is expected to respond to the US proposal on…
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