© Reuters. In Asian trading hours today, the British pound reached its highest level against the Japanese yen in over a week, only to later give up some of those gains. The pair, which had climbed to near 187.65, retreated to approximately 187.25. This fluctuation came as investors reacted to expectations of a shift in
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
POUND STERLING ANALYSIS & TALKING POINTS All eyes shift to economic data to guide monetary policy forecasts. Fed and BoE speakers to come. GBP/USD holds above 1.22 within bear flag. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market
© Reuters Investing.com – The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. At 03:20 ET (07:20 GMT), the Dollar Index, which
Share: Canadian Dollar catching some lift as the broad-market US Dollar Index recedes. The Bank of Canada lands with its next rate call on Wednesday. Market sentiment is improving on Monday, sending the Greenback lower. The Canadian Dollar (CAD) is finding some lift to kick off the new trading week, bolstered by investors
© Reuters. FILE PHOTO: The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) – The dollar meandered near a two-week low on Thursday ahead of U.S. inflation data that will help shape the Federal
© Reuters. FILE PHOTO: A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File Photo By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – The free-fall of Argentina’s troubled peso showed no signs of slowing on Tuesday, with
RAND TALKING POINTS & ANALYSIS Decline in US Treasury yields sustaining rand upside as PPI’s push higher. Attention n shifts towards FOMC minutes and Fed officials. Rising wedge support being eyed by ZAR bulls. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
Gold (XAU/USD) and Silver (XAG/USD) Analysis, Prices, and Charts Gold continues to struggle at multi-month lows. US Jobs Report is the next macro-driver on the economic calendar. Download the Brand New Q4 Gold Forecast Recommended by Nick Cawley Get Your Free Gold Forecast The US dollar is drifting lower in early trade as US yields
USD/JPY FORECAST: USD/JPY stabilizes after Tuesday’s pullback triggered by possible FX intervention by the Japanese government. The pair maintains a constructive outlook in the near term. This article looks at USD/JPY’s pivotal technical levels worth watching this week. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the
