6.4300 vs the estimated 6.4295
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.4300 vs the estimated 6.4295 and prior 6.4386. About the fix China maintains strict control of the yuan’s rate on the … Read More
Tag: Currencies
AUD/USD surrenders bit of gains near one-month high post-job data, China’s inflation eyed
AUD/USD prints fresh daily gains on Thursday in the initial Asian session. The US Dollar Index breaks 94.00 amid risk-on sentiment. Mixed employment data, China’s inflation data, and risk-on mood … Read More
Bulls keep eyes on 0.9300
USD/CHF continues to consolidate gains on Tuesday in the Asian session. Additional gains for pair if price decisively breaks 0.9300. MACD holds onto the overbought zone with receding upside momentum. USD/CHF … Read More
EUR/JPY turns negative below the 130.00 mark
EUR/JPY deflates from weekly highs near 130.50. The prevailing risk-off mood weighs on the cross. Powell, Lagarde will discuss on policy at the ECB Forum. EUR/JPY came under renewed selling … Read More
Durable Goods Orders rose 1.8% in August vs. 0.7% expected
US Durable Goods Orders increased by 1.8% in August from -0.1% previous. The US Dollar Index holds steady near one-month tops, just below mid-93.00s. According to the data published by … Read More
EUR/USD Price Analysis: Recovery looks unsustainable
EUR/USD picks up traction and bounces off monthly lows. Another test of the 2021 lows remains on the cards. EUR/USD finally regains the smile and retakes the 1.1700 barrier and … Read More
AUD/USD pulls away from session highs, stays afloat above 0.7250
AUD/USD posts modest daily gains following Monday’s decline. Wall Street’s main indexes remain on track to open decisively higher. US Dollar Index edges lower toward 93.00 on Tuesday. Pressured by … Read More
A breach of 1.1700 is not ruled out
EUR/USD attempts a mild rebound to the 1.1740 area. Next on the upside comes the 1.1800 hurdle. EUR/USD puts further distance from Monday’s monthly lows in the 1.1700 neighbourhood. In … Read More
Looks corrective downside near term
DXY eases further ground after recent monthly peaks. Initial support comes at the 93.00 mark. DXY gives away further gains after climbing to new monthly highs near 93.50 at the … Read More
Initial support emerged near 128.00
EUR/JPY reverses the recent weakness and rebounds to 128.50. Key contention area remains around the 128.00 zone. EUR/JPY reverses five straight days with losses and manages to retake the mid-128.00s … Read More