Share: EUR/JPY advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains. The threat of Japanese intervention has receded, providing room for the pair’s upward trajectory. Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around 157.59/69.
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has continued to selloff today following a rejection at the 1.3900 resistance level. The decline in the DXY has helped USDCAD push lower as well in what will be a welcomed by the Bank of Canada and Canadian consumers. In
Share: ADP: US private payrolls rose by 113,000 in October, up from 89,000 in September. US Yields drop after Treasury refunding announcement; 10-year slides to 4.83%. EUR/USD consolidates around 1.0550 amid a mixed US Dollar ahead of the FOMC decision. The EUR/USD pair reached a bottom at 1.0540, the lowest level in three
Gold (XAU/USD) Analysis, Prices, and Charts The outlook for gold remains positive Busy week on the economic calendar. Recommended by Nick Cawley How to Trade Gold The escalation of military action in Gaza continues to boost the price of gold, with the precious metal hitting a fresh five month high on Friday. The ongoing safe
© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar held steady in cautious trade on Monday and pinned the yen near 150 as traders looked
Share: AUD/USD holds positive ground around 0.6339 in early Monday. US Core PCE eased to 3.7% YoY vs. 3.8% prior, the headline PCE remain unchanged at 3.4%. Markets anticipate the Reserve Bank of Australia (RBA) to raise the cash rate at its meeting on November 7. The Fed rate decision this week will
Share: Mexican Peso extends its gains and is set to finish below the 18.12 mark. Mexico’s trade deficit widens, but Peso holds gains amidst flight to safety in markets. US inflation data justifies higher interest rates, but the market is skeptical of the Fed raising rates past the current range. Mexican Peso (MXN)
Share: Japanese Yen rebounds after Tokyo inflation data increases bets the Bank of Japan (BoJ) will tighten policy. The US Dollar loses traction after US inflation comes out in line with estimates. The USD/JPY remains in uptrend but price falling to key make-or-break trendline for short-term chart. The Japanese Yen (JPY) has climbed
Share: Gold price remains sideways as the US core PCE inflation reading was in line with estimates. The downside in the Gold price remains cushioned by escalating tensions in the Israel-Palestine conflict. US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price (XAU/USD) trades in a tight range
© Reuters Investing.com– Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low. The and both moved little in Asian trade, but retained most gains made this
