Share: NZD/JPY sits at 89.50, noting minor losses as market sentiment skews somewhat bearish Subdued buying momentum is signalled by the RSI’s negative gradient on the daily chart and the diminishing green bars of the MACD histogram. On the broader context, the pair’s ascendancy above the 20, 100, 200-day SMA suggests bullish control.
Share: USD/JPY faces rejection near the 150.00 mark and turns lower for the third straight day. Dovish Fed expectations continue to weigh on the USD and act as a headwind for the pair. A positive risk tone could undermine the safe-haven JPY and help limit any further losses. The USD/JPY pair meets with
Share: The GBP/JPY has rebounded back towards 186.50 after sinking post-UK Retail Sales slide. Investor sentiment is seeing a bounce heading into the Friday close, dragging the GBP back up. With UK data continuing to miss the mark, downside risks remain for the Pound Sterling. The GBP/JPY plummeted below 185.50 in Friday trading
Share: AUD/USD experienced a notable uptick, gaining 0.67% in the New York session and heading towards a weekly increase of over 2.30%. Despite Federal Reserve officials resisting the idea of rate cuts in 2024, market futures are pricing in a potential easing of 100 basis points by December next year. Upcoming week will
Share: EUR/JPY faces a slight downturn but manages to stay above the crucial 163.00 level. The pair touched a three-day low at 162.15, yet a ‘hammer’ pattern in today’s trading indicates potential buyer intervention around the Tenkan-Sen level of 162.37. A move below 163.00 might lead to a further decline towards the day’s
Share: The EUR/CHF is seeing a late break heading into Friday’s closing bell. Market sentiment is seeing a late-week rally as investors take one last dip into the risk well. The EUR/CHF pair is up 0.40% bottom-to-top as risk appetite makes a late recovery. The EUR/CHF dipped to a new low for the
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.
Share: The CAD caught a bounce on risk appetite in early Friday trading. Industrial inflation figures in Canada print better than expected. US Dollar, Fed reaction is driving the market today. The Canadian Dollar (CAD) is looking to pare back some of Thursday’s losses, catching some support from bolstered Crude Oil bids, but
Share: The GBP/USD is trading flat but rough on Friday, trying to hold above the 1.2400 handle. The Pound Sterling’s midweek rally is still under threat as markets pare away gains. Slumping UK data is sending the GBP into consolidation. The GBP/USD is treading water just above the 1.2400 handle as the pair
Share: USD/JPY falls below the key 150.00 level, trading at 149.76, down 0.64% amidst a shift in market sentiment. US housing data shows resilience with Building Permits and Housing Starts exceeding expectations but fails to support USD/JPY. Bank of Japan Governor Kazuo Ueda emphasizes the need for patience in monetary policy, linking future
