The Israeli strikes on Iranian military sites have created fresh uncertainty in global financial markets. As a result, investors are showing signs of risk aversion. This has led to modest gains for traditional safe-haven currencies, including the US dollar, Japanese yen, and Swiss franc. The attacks have also raised fears about the safety of the…
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down…
AUD/JPY drifts lower on Tuesday in reaction to dovish-sounding RBA meeting Minutes. The technical setup favors bears and supports prospects for a further depreciating move. A broadly weaker could offer some support to spot prices and help limit deeper losses. The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes…
The Franc surges nearly 1% as Trump’s tariff threats trigger risk aversion and deepen the US Dollar’s slide. USD/CHF breaks below 0.8250, nearing key support at May’s low of 0.8184. Bearish flag breakdown points to a possible test of the 2025 low at 0.8038. Traders pile into Swiss Franc as US protectionism and fiscal risks…
Here is what you need to know on Thursday, May 22: The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April…
UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target. Core inflation accelerates to 3.8%, raising doubts over future rate cuts. US Dollar tumbles as G-7 stokes speculation of Washington favoring weaker Greenback. The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday…
AUD/NZD trades near the 1.0900 zone with minor losses on Friday. The pair maintains a bullish outlook despite mixed short-term signals. Key support is clustered below 1.0880, with resistance near 1.0920. The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the…
USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data. US consumer sentiment weakened in early May, raising concerns about the economic outlook. Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320. The USD/CHF pair is trading higher on Friday, testing a significant…
USD/CAD trades with a negative bias in the weekly range amid a softer USD, rising Oil prices. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the 1.4000 confluence will be seen as a fresh trigger for bulls. The USD/CAD pair attracts some sellers for the second straight…
AUD/NZD trades around the 1.0900 zone with limited movement in Wednesday’s session. Mixed signals from momentum indicators, though shorter-term averages favor buyers. Key support levels sit below, while resistance aligns near recent highs. The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian…