AUD/USD failed to build on the previous day’s solid rebound from the 0.7700 round-figure. Suspension of Chinese-Australian economic dialogue continued weighing on the aussie. A modest uptick in the US bond yields extended some support to the USD ahead of NFP. The AUD/USD pair edged lower heading into the European session and was last seen
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US dollar bulls take a breather and the euro advances. All eyes are now turning to the US NFPs on Friday. EUR/USD is currently trading at 1.2057 and higher by some 0.45% on the day travelling between a low of 1.1993 and a high of 1.2071. The dollar dropped to its lowest point in three
Suspension of Chinese-Australian economic dialogue prompted some selling around AUD/USD. A modest USD weakness assisted the pair to attract some dip-buying near the 0.7700 mark. The risk-on mood also underpinned the perceived riskier aussie and remained supportive. The AUD/USD pair managed to recover its intraday losses and moved to the top end of its daily
AUD/USD remains on track to close the day in the positive territory. Wall Street’s main indexes post modest daily gains. US Dollar Index stays flat around 91.30 in late American session. The AUD/USD pair gained traction on Wednesday supported by risk flows and rising copper price before going into a consolidation phase during the American
USD/JPY limits gain in the early European session. The US Dollar Index remained depressed below 91.40. Risk aversion helps the pair hold onto constructive bids. The USD/JPY pair is accumulating mild gains in the early European session. The pair quickly recovered from the intraday lows of 109.19 and refreshed the session high near 109.40, thus
Gold has something to offer for both the bulls and the bears. The daily and weekly outlook is in contrast to that of the monthly out look at this juncture. As per the prior analysis, Gold Price Analysis: Bulls back in town through critical resistance, we have seen the pullback that the bulls were looking for,
In opinion of FX Strategists at UOB Group, the outlook for USD/JPY remains tilted to further upside in the near-term. Key Quotes 24-hour view: “We expected USD to ‘advance further’ yesterday but we were of the view that ‘overbought conditions could ‘limit’ any gains to a test of 109.60’. We highlighted that ‘a move to
New York Federal Reserve President John Williams said on Monday that the data and conditions they are seeing now are not nearly enough for the FOMC to shift its monetary policy stance, as reported by Reuters. Additional takeaways “Despite strong growth, we are still far from our goals of maximum employment and price stability.” “Expecting
Here is what you need to know on Monday, May 3: The US dollar has kicked off May with minor gains against major but retreats against commodity currencies. The ISM Manufacturing PMI is eyed as the first Nonfarm Payrolls hint and EZ figures are also of interest, despite holidays in Europe. Ethereum is trading above
What you need to know on Monday, May 3: The American dollar soared on Friday as risk-aversion fueled demand for the greenback alongside month-end flows. The EUR/USD pair settled at 1.2020 while GBP/USD finished the week around 1.3830. The Australian dollar also fell, but held above the 0.7700 threshold, while the USD/CAD settled near weekly
Equities give up some ground on Friday but remain poised for fresh records. Earnings season continues to see record growth in earnings Fed remains committed to full employment and a fully accommodative stance. Another week another set of fresh records for equity markets. There really is no alternative (TINA) continues to dominate the narrative. The
Analysts at MUFG Bank, continue to see a trade idea in going long the AUD/USD pair with a target at 0.7895 with stop loss at 0.7460. The point out the global optimism should lift the Australian dollar to fresh cycle highs. Key Quotes: “The better vaccination outlook in Europe and positive growth prospects in China
Gold remains on the back foot for the second consecutive day. 21-day, 50-day EMA convergence restricts immediate downside, $1,798 holds the key for buyer’s entry. Gold trims intraday losses while picking bids around $1,768.50, down 0.20%, heading into Friday’s European session. In doing so, the bright metal justifies late Thursday’s bounce off a two-week low,
EUR/USD touched a fresh two-month high on Thursday. USD selloff pauses after upbeat GDP data from US. Focus shifts to Q1 GDP figures from eurozone and Germany. The EUR/USD pair posted strong gains on Wednesday and climbed to its highest level in two months at 1.2150 on Thursday before losing its momentum. As of writing,
Open interest in Natural Gas futures markets went up by around 4.5K contracts on Wednesday, partially reversing the previous daily drop according to preliminary prints from CME Group. Volume, on the other hand, shrunk by around 62.8K contracts after two builds in a row. Natural Gas approaches the $3.00 mark Prices of Natural Gas trade
USD/CAD fell sharply during the American session on Wednesday. WTI climbed above $64 after weekly EIA report. US Dollar Index stays in the negative territory below 91.00 ahead of FOMC announcements. The USD/CAD pair spent the first half fluctuating in a relatively tight range around 1.2400 but came under strong bearish pressure during the American
FX option expiries for Apr 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.2000 2.6b 1.2080 1.1b 1.2100 1.2b 1.2140/50 1.4b – USD/JPY: USD amounts 106.35 564m 108.10 722m – AUD/USD: AUD amounts 0.7700 515m 0.7730/35 567m 0.7800 490m
GameStop shares stage another huge rally on Monday. GME closes near the intraday high, up 12% at $168.93. GME, AMC king meme names, and king rallies on Monday. Update April 27: GameStop Corp Inc (NYSE: GME) has kicked off Tuesday’s trading session with a significant increase of over 6.54% to nearly $180. This is the