Forex
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Australian Dollar eases from highs as the impact from Trade Balance figures fade
AUD/USD edges down from three-week lows at 0.7064 but maintains its near-term positive bias intact. Australian Trade Balance showed an…
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USD/CHF Poised to extend gains beyond 0.8100 amid bullish setup
USD/CHF regains positive traction and snaps a two-day losing streak amid a modest USD uptick. The formation of an ascending…
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RBI leaves the Repo Rate unchanged at 5.25% in August, as expected
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on Wednesday that it held the benchmark Repo Rate…
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USD/JPY Price – 200-day SMA caps rebound after intervention-led selloff
USD/JPY edges higher as the Japanese Yen gives back part of its intervention-led gains. The pair has slipped below all…
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EUR/JPY Price Softens below 182.00 on intervention risks, bearish outlook prevails
EUR/JPY declines to near 181.70 in Wednesday’s early European session. The cross keeps a negative tone, with bearish RSI momentum.…
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Canadian Dollar hangs near one-week low as weak oil prices counter USD downtick
USD/CAD attracts buyers for the fourth straight day, though it lacks follow-through amid mixed cues. Sliding oil prices undermine the…
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Swiss Franc gains as easing risk aversion weighs on US Dollar
Easing tensions in the Strait of Hormuz reduced safe-haven demand for the US Dollar, causing the pair to depreciate. The…
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Offshore Yuan Holds Firm at 2023 Peak
The offshore yuan held its gain around 6.74 per dollar on Wednesday, staying at its strongest level since early February…
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South Korea 10-Year Yield Hits 4-Week Low
South Korea’s 10-year government bond yield fell to around 4.15% in early August, hitting a four-week low as it tracked…
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Trade of The Day – AUD/JPY
Facts AUDJPY returned today above the 200-day exponential moving average (EMA200; black). Daily RSI[14] fell over the past week from…
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