AUD/USD trades flat near 0.7010 on Friday. China’s Xi said Washington-Beijing ties reach a new historical milestone; major breakthroughs are not expected. The RBA is expected to raise its Official Cash Rate next week. The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments … Read more
USD/JPY advances to approximately 159.85 during the early European session on Tuesday. Japan’s 10-Year bond yield has reached 3% for the first time since 1996. Bessent anticipates that the Bank of Japan will implement measures to strengthen the Japanese Yen. The USD/JPY pair advances to approximately 159.85 in the early European trading session on Tuesday. … Read more
USD/CAD declines to near 1.3890 in Monday’s Asian session. US military forces have conducted strikes on Iranian launchers located on Larak Island. Expectations for a September rate hike by the Federal Reserve have increased in the wake of Warsh’s remarks. The USD/CAD pair declines to approximately 1.3890 during the Asian trading hours on Monday. Renewed … Read more
The Canadian Dollar gains support as higher oil prices are propelled by escalating US-Iran tensions concerning the Strait of Hormuz. Washington intends to exert maximum economic pressure on Iran to prevent a large-scale military conflict and to compel negotiations. The US Dollar may find underlying support as Treasury yields resume their upward trend despite bond … Read more
The USD/CHF pair experiences a decline as the US Dollar encounters difficulties amid a reduction in risk aversion, following the renewal of the ceasefire between Israel and Lebanon on Wednesday. The Greenback may regain its ground as robust May jobs data bolsters expectations for an interest rate hike by the Fed. Schlegel recently stated that … Read more
EUR/USD is advancing towards the 1.1730 level in the early Asian session on Friday. The ECB maintained its current interest rates during the policy meeting held in April on Thursday. Rising tensions between the US and Iran may bolster the US Dollar, recognized as a safe-haven asset. The EUR/USD pair sees interest from buyers near … Read more
EUR/USD experienced an upward movement on Monday following a correction, trending towards 1.1759. Previously, the US dollar had somewhat recovered after last week’s drop, bolstered by a heightened demand for safe-haven assets due to the intensifying US-Iran conflict. Donald Trump stated that the US Navy engaged and detained an Iranian vessel in the Gulf of … Read more
USD/JPY shows resilience around the 159.00 mark during the early European session on Monday. Iran has issued a warning regarding potential retaliation following the US’s action in seizing the ship. BoJ’s Ueda refrained from suggesting an April rate hike; Japanese authorities remain vigilant regarding potential FX intervention. The USD/JPY pair is currently positioned in positive … Read more
The USD/JPY pair is advancing, approaching the level of 159.35 during the Asian session on Friday. Trump indicated that the upcoming meeting between the US and Iran could occur this weekend. Japan’s Katayama suggested the possibility of JPY intervention following discussions with the US counterpart. The USD/JPY pair shows resilience, trading at approximately 159.35 during … Read more
The USD/CHF pair has declined to approximately 0.7905 during the early European session on Friday. Further consolidation is a possibility as the pair continues to be constrained beneath the Bollinger Bands’ 20-day SMA, accompanied by a neutral RSI. The immediate resistance level is identified at 0.7930, while the initial support level is observed at 0.7895. … Read more
