Yen rally fizzles as US dollar climbsThe Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell ...
Euro edges higher as eurozone data improvesThe euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a ...
Gold Technical: A floor may have been formed for the bullsStagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal ...
AUD/USD hits one-month high, RBA decision nextThe Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected ...
NZ dollar higher as nonfarm payrolls loomsThe New Zealand dollar has extended its gains on Friday. NZD/USD is trading at 0.5985, up 0.39% at the time of writing. It has been a roller-coaster ride for the New Zealand dollar, which plunged 1.5% on Tuesday but has ...
Pound edges higher as UK Services PMI beats estimateThe British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing. UK Services PMI hits 11-month high The service sector accelerated in April, as the Services PMI rose to 55.0, up ...
Nasdaq 100: Sandwiched, watch the US 10-year Treasury yield nextNasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation ...
USD/JPY calm ahead of US nonfarm payrollsThe Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell ...
AUD/USD jumps after Fed says rate hike unlikelyThe Australian dollar has steadied after two straight days of sharp swings. AUD/USD is up 0.14%, trading at 0.6532 at the time of writing in the North American session. It has been a roller-coaster for the Australian dollar this week. ...
Canadian dollar edges higher as Fed pauses againUSD/CAD is steady on Thursday and is trading at 1.3720, down 0.14% at the time of writing. Powell says inflation still too high to lower rates The Federal Reserve kept the benchmark rate in the target range of 5.25% to ...
USD/JPY slides – did Tokyo intervene?It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% ...
USD/JPY calm ahead of Fed decisionJapanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing. Fed expected to hold rates The Federal Reserve meets later today and is widely expected to keep rates unchanged for a ...
AUD/USD stabilizes after taking a tumble, Fed nextThe Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in ...
NZ dollar shrugs after soft jobs reportThe New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market ...
Canadian dollar slides as Cdn. GDP misses expectationsThe Canadian dollar is down sharply on Tuesday. In the North American session, USD/CAD is trading at 1.3743, down 0.71%. Canada’s GDP rises 0.2% Canada’s economy continues to struggle in the first quarter. GDP grew by a modest 0.2% m/m ...
Euro dips as eurozone GDP expandsThe euro is slightly lower on Tuesday. In the North American session, EUR/USD is trading at 1.0703, down 0.17%. Eurozone GDP climbs, inflation dips The eurozone economy expanded by 0.3% q/q in the first quarter, the highest rate since the ...
EUR/USD: Sideways within a medium-term downtrendEurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a ...
USD/JPY stabilizes after roller-coaster MondayThe Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days. On Friday dollar-yen jumped ...
Australian dollar extends gains as PPI surgesThe Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%. The Aussie has powered higher this week, climbing 1.82%. Australia’s PPI ...