Forex
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USD/CHF drops to mid-0.8100s, back closer to multi-year low on weaker USD
USD/CHF meets with a fresh supply and is pressured by a combination of factors. US recession fears and Fed rate…
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JPY adds to intraday gains amid trade jitters; USD/JPY slides closer to mid-142.00s
The Japanese Yen attracts fresh buying as trade jitters boost safe-haven demand. Hopes for a US-Japan trade deal and BoJ…
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NZD/USD attracts some buyers above 0.5900 as China’s economy grows 5.4% YoY in Q1
NZD/USD gains traction to near 0.5905 in Wednesday’s Asian session. China’s economy grew 5.4% YoY in Q1, stronger than expected. …
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AUD/JPY keeps the red below mid-90.00s after mostly upbeat Chinese macro data
AUD/JPY attracts fresh sellers and retreats further from over a one-week high set on Tuesday. Trade uncertainties continue to weigh…
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GBP/USD extends rally to fresh six-month highs near 1.3250 ahead of UK CPI data
GBP/USD reached a fresh six-month high at 1.3256 on Wednesday. Markets have largely priced in a 90% probability of a…
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USD/INR weakens ahead of US Retail Sales release, Fed’s Powell speech
The Indian Rupee gathers strength in Wednesday’s Asian session. The softer US Dollar and lower crude oil prices continue to…
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Chart of The Day – AUDUSD
The Reserve Bank of Australia (RBA) today released the minutes of its April monetary policy meeting, which showed that members…
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NZD/USD advances to fresh YTD peak, around 0.5930 area amid broadly weaker USD
NZD/USD attracts strong follow-through buying for the fifth straight day amid a bearish USD. US recession fears, Fed rate cut…
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EUR/USD trades near 1.1350, stays silent as US Dollar seeks to recover stability
EUR/USD holds steady as the US Dollar tries to stabilize amid rising stagflation concerns. Fed’s Bostic noted that the US…
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GBP/USD climbs further beyond 1.3200, highest since October ahead of UK jobs data
GBP/USD scales higher for the sixth successive day and the prevalent USD selling bias. The US-China trade war weakens confidence…
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