USDJPY trends hard to the upside The USDJPY is continuing its trend run to the upside reaching a new intraday high 143.068. That is also the highest level since August 1998. For your guide the high price in August 1998 reached 147.67. Looking at the hourly chart the price has been up 14 the last
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The cleanest shirt among the dirty laundry. That continues to best describe the dollar as it is ripping across the board once again in trading this week, and today is no different. The greenback is sitting firmer across the board and is pushing certain boundaries as noted earlier: With risk sentiment staying more sluggish and
Gold prices have been in a consolidation phase since May at the domestic markets and are seen finding support at Rs 49,500/10 gm mark, while the upside is restricted around Rs 52,700/10 gm mark. The aggressive monetary tightening campaign of the US Fed and strength in the dollar index have dented the investment appeal of
Dollar is trading broadly higher in Asian session today, as supported by extended rally in US treasury yield. For the same reason, Yen tumbles broadly this week, and the decline is extending. The net result is that USD/JPY reached a new 24-year high and still looks unstoppable. Canadian Dollar is trading with a mixed tone
USD/CAD trims a part of its intraday gains amid a modest USD pullback from a two-decade high. Bearish crude oil prices continue to undermine the loonie and should limit any meaningful slide. Market participants now look to the BoC policy decision and Fedspeak for a fresh trading impetus. The USD/CAD pair builds on the overnight
The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation. Roche Freedman are acting for plaintiffs in the class-action lawsuit initiated in 2019 alleging Tether
EURJPY breaks above a topside channel trendline The USDJPY is on fire today and that is also helping to send the JPY crosses higher as well. The EURJPY is not the exception. Looking at the daily chart, the air moved back above its 100 day moving average last week (see blue line in the chart
This via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Citi discusses GBP outlook and turns more bearish in the near-term. “CitiFX Strategy team stepped up their
Gold rose by Rs 107 to Rs 51,092 per 10 gram in the national capital on Tuesday amid depreciation in the rupee, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 50,985 per 10 gram. Silver also jumped by Rs 563 to Rs 54,639 per kg. The rupee depreciated
Yen’s selloff is the main theme today with USD/JPY hitting the highest level in 24 years, above 140 handle. Australian Dollar quickly turns softer after RBA delivered an expected rate hike. On the other hand, Sterling is getting a lift after Liz Truss is set to become the next UK Prime Minister while Euro remains
USD/JPY bears are moving in but there could be some more working of the highs to come yet. The price has rallied parabolically and a pullback could be on the cards. USD/JPY rallied on Tuesday and took out the symbolic level of 142, scoring a fresh 24-year low as the US dollar sprung into life again and
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Gold has jumped in Asia morning trade. The USD is showing some weakness pretty much across the board, gold is getting some benefit from this. There is a little resistance around the current price, I can’t see that its of a lot of significance though. Perhaps some of the technical analysis folks would like to
Prior 43.7 German construction activity continues to slump further, with the contraction at its quickest pace in a year-and-a-half. A sustained drop in new orders was observed as high prices, increased interest rates and economic uncertainty all weighed on demand for construction work. S&P Global notes that: “Latest PMI data showed output levels across Germany’s
Gold and silver prices advanced on Tuesday amid choppiness in the US dollar and bond yields post mixed US jobs report and ahead of central bank decisions from Australia and European Central Bank. Gold futures for October delivery were trading Rs 172 or 0.34 per cent higher at Rs 50,605 per 10 gram on .
Australian Dollar is trading mixed, slightly to the soft side, after RBA’s expected 50bps rate hike. There is basically no surprise out of the statement. Dollar is paring back some of recent gains while Yen is also soft. On the other hand, Sterling is leading Euro for a rebound while Canadian Dollar is also a
Further retracements in AUD/USD now seem to have lost some momentum, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Key Quotes 24-hour view: “AUD traded between 0.6773 and 0.6802 yesterday, narrower than our expected consolidation range of 0.6770/0.6830. The relatively quiet price actions offer no fresh clues and AUD