Introduction The AUD/USD has been on an upward trend for the third consecutive day, despite disappointing Chinese trade data for March and softer Australian consumer inflation expectations for April. However, the positive employment data release from Australia may have contributed to the pair’s steady run-up. AUD/USD Steady despite Weak Chinese.
The USD/JPY pair remained relatively steady around 133.20 during the sluggish trading hours of early Thursday morning in Europe. This follows a mild recovery in the US Treasury bond yields and the Bank of Japan’s (BoJ) Governor Kazuo Ueda’s defense of the ultra-easy monetary policy. Mild Recovery in US Treasury.
The GBP/USD pair is showing signs of strength as it prepares to recapture the psychological resistance level of 1.2500. This follows a surge in bids on Wednesday, after US inflation figures came in as expected. This article explores the implications of this movement for traders and investors. Understanding the GBP/USD.
Introduction: The EUR/USD currency pair has been on an upward trend since the start of the year, rising by over 4% from its lows in January. However, the pair is now facing resistance at the psychological level of 1.1000, with the US Dollar index rebounding from its weekly low. In.
Introduction: The EUR saw a surge in early NY trade, reaching a 1-1/2 month high of 1.0000, exceeding expectations for the day. However, while further EUR strength appears likely, overbought conditions suggest limited upside with major resistance at 1.0335. EUR Surges in Early NY Trade Despite earlier expectations for the.
Introduction The Australian dollar (AUD) has had a difficult start to the year, with lackluster performance in Q1 and a sluggish start to Q2. According to economists at Société Générale, this trend is expected to continue, with the AUD/USD pair forecasted to remain below the key 0.70 mark. AUD Performance.
Introduction: The Japanese yen has been affected by speculation over the Bank of Japan’s (BoJ) policy shift, causing the USD/JPY to struggle to break key resistance levels between 135 and 137. Economists at MUFG Bank have weighed in on the potential impact of the BoJ’s policy shift on the yen.
Introduction: The GBP/USD pair has seen some significant ups and downs over the past few days, with the pair hitting a one-week low around the 1.2345 region. However, the pair has since rebounded, with buyers taking over and pushing the pair higher. In this article, we will take a closer.
The EUR/USD currency pair has been steadily climbing from its low on Monday, with economists at Scotiabank predicting that it will soon push above the 1.10 handle. This rise is being driven by a number of factors, including positive economic data and a weaker US dollar. One of the main.
The US Dollar Index, which had been on the rise over the previous four trading days, fell towards 102.00 on Tuesday as investors awaited the highly anticipated March Consumer Price Index (CPI) data from the US. The lack of demand for the USD has led to a weakening of the.
The AUD/USD pair has bounced back from a two-week low, attracting buyers near the mid-0.6600s on the first day of a new week. Spot prices, however, lack follow-through and trade with a mild positive bias, around the 0.6675-0.6680 area during the first half of the European session. The AUD/USD pair.
The GBP/USD pair has seen some volatility during the first half of the European session, as it reversed an intraday dip to sub-1.2400 levels and turned positive. However, the pair currently lacks follow-through, with its gains remaining limited. At the time of writing, the GBP/USD pair trades around the 1.2420-1.2425.