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EUR/USD gathers renewed upside traction near 1.0560. The dollar’s momentum deflates somewhat ahead of FOMC. US ADP Report disappointed expectations at 247K in April. The optimism around the shared currency … Read More
The relentless USD buying pushed USD/CAD to a fresh multi-week high on Thursday. The disappointing release of the US GDP capped the upside for the USD and spot prices. Softer … Read More
DXY keeps the buying bias intact around the 100.00 zone. Beyond 100.00 the index should retest 100.55. DXY extends the march north and flirts with the psychological barrier at 100.00 … Read More
GBP/JPY attracted dip-buying near 200-DMA on Tuesday and turned positive for the third straight day. Upbeat UK jobs report benefitted the British pound and extended support amid BoE rate hike … Read More
EUR/JPY adds to the weekly bounce and retakes 127.00. Next on the upside emerges the 128.20 region in the near term. EUR/JPY rebounds further and reclaims the area above the … Read More
USD/CAD staged an intraday bounce from a fresh multi-week low touched earlier this Thursday. Geopolitical risks continued benefitting the safe-haven USD and acted as a tailwind for the pair. Modest … Read More
Quek Ser Leang at UOB Group’s Global Economics & Markets Research, noted that further upside in USD/THB is expected to face a strong hurdle at 33.13. Key Quotes “We highlighted … Read More
USD/CHF lacked any firm directional bias and remained confined in a range on Wednesday. The risk-on impulse in the markets undermined the safe-haven CHF and extended support. The emergence of … Read More
AUD/USD witnessed heavy selling on Friday and moved further away from a three-week high. Rising bets for a 50 bps Fed rate hike continued underpinning the USD and exerted pressure. … Read More
EUR/USD fades part of the recent strong rebound to 1.1480. ECB’s Knot sees the central bank hiking in Q4 2022. ECB’s Lagarde will speak before the European Parliament. The single … Read More
