EUR/USD slides below 1.0500 amid rising US yields, hawkish Fed comments

Share: EUR/USD drops to 1.0500, down 0.69%, as rising US Treasury bond yields and expectations of additional Fed tightening weigh heavily on the pair. Contrasting economic outlooks with improving US business activity and decelerating Eurozone factory activity contribute to the Euro’s decline. The EUR/USD is bearish biased, with significant support at 1.0500 and

Gold (XAU/USD) Pressured by Rising US Bond Yields Ahead of FOMC Decision

Gold (XAU/USD) Analysis, Price, and Chart US 2yr yields near highs last seen in 2007. Gold unable to break resistance ahead of the latest Fed decision. Learn How to Trade Gold Recommended by Nick Cawley How to Trade Gold US Treasury yields are pressing against multi-year highs as markets continue to price in higher inflation

USD/TRY rises above 27.00 amid rising USD yields, CBRT hike

Share: The USD/TRY is rising by 0.45% to 27.11. The CBRT hiked rates to 30% as expected. Due to the Fed’s hawkish pause, US yields continue to rise, pushing the pair to the upside. In Thursday’s session, the USD/TRY gained more ground and broke the 27.00 barrier while investors digested the fresh Central Bank

USD/JPY Momentum Fading, EUR/JPY Rising Wedge in Focus

Japanese Yen, USD/JPY, EUR/JPY – Technical Update: Will the Japanese Yen hold its ground at resistance? USD/JPY is struggling as momentum is fading EUR/JPY eyeing imminent Rising Wedge breakout Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar continues struggling to make further upside progress against the Japanese Yen. Resistance has been

Turkey net FX reserves seen rising again as policy U-turn continues By Reuters

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla Gurdogan/File Photo By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – Turkey’s net foreign exchange reserves surged nearly $5 billion last week, with total reserves up almost $2 billion, bankers’