Forex
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USD/JPY Nearing 160
The Japanese currency has weakened by 1% against the dollar this week. It has been two weeks since the record…
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British Pound holds steady above 1.3500 vs USD as traders eye US CPI ahead of UK GDP
GBP/USD struggles to gain any meaningful traction ahead of the key US-UK macro releases. The US CPI is due later…
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Swiss Franc weakens against US Dollar with US Inflation in focus
The Swiss Franc trades lower against the US Dollar at around 0.8125 ahead of the US CPI data for July.…
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Indian Rupee drops with India-US CPI data in focus
The Indian Rupee declines further against the US Dollar due to rising oil prices. Traffic through the Hormuz has declined…
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Chart of the Day: EURUSD Awaits US CPI. Inflation Could Determine the Fed’s Next Move
Wednesday’s EURUSD session is primarily focused on anticipation of the day’s most important release: US CPI inflation data. Today’s reading…
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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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