Climbs to fresh two-week highs above 0.9800
USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851. The … Read More
Tag: Currencies
Tumbles below 164.00, approaches the H4 head-and-shoulders target
GBP/JPY is set to finish the week with decent losses of 1.28%. From a daily chart perspective, the cross-currency GBP/JPY shifted to neutral biased. Short term, the GBP/JPY is about … Read More
EUR/USD loses the grip and drops below parity ahead of ECB
EUR/USD gives away part of Wednesday’s sharp advance. The ECB is broadly expected to hike rates by 75 bps. Extra attention will also be on the speech by Fed’s Powell. … Read More
A deeper pullback now appears unlikely – UOB
Further retracements in AUD/USD now seem to have lost some momentum, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Key Quotes 24-hour view: “AUD … Read More
USD/THB faces prospects for extra upside – UOB
FX Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted USD/THB is poised to extend the upside in the near term. Key Quotes “Last Monday (22 … Read More
EUR/JPY holds in familiar territories as investors get set for the Jackson Hole
EUR/JPY consolidates into the Jackson Hole at a key point in financial markets. The focus turns to the BoJ, ECB and Fed as central banks throw the kitchen sink at inflation … Read More
USD/CAD hits 1-1/2 week high amid modest USD strength, seems poised to climb further
USD/CAD scales higher for the second straight day and climbs to over a one-week high. The USD stands firm near the monthly peak and continues to act as a tailwind … Read More
Gets smashed towards 0.7050 after rejection at 200 DMA
AUD/USD sees a sharp sell-off on renewed China growth concerns. US dollar gathers upside traction as risk-off remains at full steam. Multiple rejection at 200 DMA spells trouble for the … Read More
Markets turn choppy ahead of the weekend
Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the market … Read More
AUD/USD sticks to modest recovery gains around 0.6930-35 area, lacks follow-through
AUD/USD stages a modest bounce from a nearly two-week low touched earlier this Wednesday. Strong domestic data, upbeat Chinese PMI, a positive risk tone offer some support to the aussie. … Read More