Forex
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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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Chart of the Day: USD/JPY After Japan’s Intervention. The Exchange Rate Falls Below 160, but Pressure on the Yen Remains
USDJPY remains one of the key topics in the foreign exchange market following the recent reaction by Japanese authorities to…
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