GBP/USD rallies amidst Greenback weakness on upbeat market mood

Share: The Pound Sterling (GBP) rallies against the US Dollar (USD) even though the latest round of UK economic data didn’t support the advance of Sterling, but overall weakness on the Greenback keeps most G8 FX currencies underpinned. The GBP/USD is trading at 1.2135 after sliding to a daily low of 1.2037 earlier in the European session. Read More…

AUD/USD in Peril as Sentiment Data Signals Weakness

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Japanese Yen Forecast: USD/JPY Blasts Off as Broader US Dollar Breaks Out AUD/USD SENTIMENT ANALYSIS Sentiment data from IG shows that 86.20% of traders are net long, with the bullish-to-bearish ratio

Rand Weakness Brings R19/$ Back Into Focus

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China to cut banks’ FX reserve ratio to rein in yuan weakness By Reuters

© Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year,

USD/JPY Claws Back Up, Jackson Hole Focus Trumps Durable Goods Weakness

USD/JPY Analysis and Charts USD/JPY took back some of the previous session’s weakness Weak Durable Goods Orders had only a modest effect on the pair Investors are focused on what Jerome Powell has in store for them Recommended by David Cottle How to Trade USD/JPY The United States Dollar still finds buyers against the Japanese

China state banks seen mopping up offshore yuan to stem currency weakness By Reuters

© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening

No obvious sign of weakness at this point – Scotiabank

Share: USD/CAD trades little changed in the mid-1.35s. Economists at Scotiabank analyze the pair’s outlook. Weak risk mood remains a headwind for CAD Weak risk mood and marginally lower energy prices are enough to keep the CAD tone defensive for the moment while relatively stable short-term spreads may act as something of an

WTI jumps to multi-month high amid USD weakness

Share: WTI rose above $83.00 to its highest point since mid-April, seeing more than 1.70% gains. The WTI barrel will set a sixth consecutive winning streak, and indicators flash overbought conditions. The USD weakened following NFPs figures revealing a deceleration of job creation in July. At the end of the week, the West

Dollar edges lower, continuing the Fed-inspired weakness By Investing.com

© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday, adding to the previous session’s losses in the wake of the Federal Reserve’s latest meeting, while the euro climbed ahead of the European Central Bank’s expected rate hike. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a

آیا Loonie Weakness مسیر خود را طی کرده است؟  تنظیمات برای CAD/JPY، USD/CAD

چشم انداز دلار کانادا: دلار کانادا در یک روند باخت بوده است، اما تنظیمات فنی نشان می دهد که تغییر در ثروت به زودی رخ خواهد داد. نرخ‌های CAD/JPY در مقاومت محدوده قبلی (در حال حاضر پشتیبانی می‌شود) بازگشته‌اند، در حالی که نرخ‌های USD/CAD می‌تواند دو برابر افزایش یابد. با توجه به thه شاخص احساسات