June 27, 2023 7:21 am
Key points Rupee gains but upside still limited by well defined resistance area Yuan gains as China’s state-owned banks sell dollars in the offshore spot Forex market Rupee’s low implied volatility benefits options sellers India’s Rupee firmed against the US Dollar on Tuesday, as Asian currencies recovered driven by China’s Yuan on indications China’s central […]
Read moreJune 26, 2023 9:48 am
Key points USD/ZAR trades below Friday’s two-week peak Investors watching for potential ripple effects of the short-lived mutiny in Russia ZAR traders await key South Africa data The South African Rand strengthened against the US Dollar on Monday, with the USD/ZAR pair distancing from recent two-week peak, as market players were on watch for ripple […]
Read moreJune 26, 2023 7:27 am
Key points USD/RUB trades near highest level since April 2022 Wagner group mercenaries return to bases after short-lived mutiny, leader Prigozhin to move to Belarus Developments revive old fear over Russia’s nuclear arsenal security USD/RUB traded in proximity to a fresh 64-week peak on Monday in response to an aborted mutiny by Russian mercenaries led […]
Read moreJune 23, 2023 9:40 am
Key points USD/JPY trades near fresh 32-week peak of 143.450 Flight to safety after hawkish central bank moves boosts US Dollar Japan’s core inflation slows at a lesser pace than anticipated in May Japan’s inflation still above BoJ target, challenging the central bank’s ultra-easy stance USD/JPY held close to a fresh 7 1/2-month high on […]
Read moreJune 23, 2023 7:38 am
Key points GBP/USD heads for first loss in four weeks, further distancing from recent 60-week high Hawkish central bank moves bring forth growth concerns, boosting US Dollar Fed Chair Powell says interest rates will be moved at a “careful pace” The Sterling did not manage to maintain gains after the Bank of England’s policy decision […]
Read moreJune 22, 2023 9:22 am
Key points USD/CHF seesaws after SNB policy decision, remains near 1-month trough SNB hikes rates for fifth time in a row to highest level since 2002 SNB Chairman says more work remains to be done amid inflationary pressures USD/CHF continued trading in proximity to an over 1-month trough on Thursday, after the Swiss National Bank […]
Read moreJune 22, 2023 7:25 am
Key points USD/INR still supported in the area around 81.9000 Fed Chair Powell’s testimony delivers no surprises to markets GBP/INR traders now await the outcome of BoE’s policy meeting India’s Rupee was holding gains against the US Dollar on Thursday, but its advance was restrained by a well established level of resistance around 81.90. The […]
Read moreJune 21, 2023 9:42 am
Key points GBP/USD rises immediately after UK CPI data release, then erases gains, distancing from recent 60-week peak UK Core CPI inflation accelerates in May, still well above Bank of England’s inflation target BoE expected to hike for 13th time on Thursday GBP/USD initially surged to an intraday high of 1.2802 on Wednesday after the […]
Read moreJune 21, 2023 7:39 am
Key points NZD/USD with small gains after a two-day streak of declines Fed Chair Powell to begin testimony before Congress at 14:00 GMT New Zealand’s May trade balance report expected at 22:45 GMT NZD/USD looked set to snap a two-day streak of losses on Wednesday ahead of New Zealand’s trade figures for May and Federal […]
Read moreJune 20, 2023 9:45 am
Key points USD/JPY trades not far from fresh 30-week peak of 142.251 Rising rate differentials between Japan and other developed nations mount pressure on Yen Japan Forex policy will not change after US removes country from monitoring list USD/JPY traded in proximity to a fresh 30-week high registered earlier on Tuesday, after the Bank of […]
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