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AUD/JPY Price Forecast: Strengthens to near 113.50, near-term outlook remain constructive
The AUD/JPY cross trades in positive territory around 113.40 during the early European trading hours on Tuesday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid mounting fiscal concerns and persistent inflationary pressures.
Fxstreet
Tue, Aug 18
Japanese Yen remains near two-week low against US Dollar despite hawkish BoJ bets
The Japanese Yen (JPY) trades close to its two-week low against the US Dollar (USD) in the Asian trading session on Tuesday at around 159.50. The USD/JPY pair is under pressure even as financial markets are confident about a Bank of Japan (BoJ) interest rate hike in the September meeting.
Fxstreet
Tue, Aug 18
New Zealand Dollar edges lower below 0.5900 as China’s economy slows in July
The NZD/USD pair declines to around 0.5895 during the Asian trading hours on Tuesday. Weaker-than-expected Chinese Retail Sales and Industrial Production data weigh on the China-proxy New Zealand Dollar (NZD) against the US Dollar (USD).
Fxstreet
Tue, Aug 18
Canadian Dollar holds near early June high as rising oil prices offset modest USD strength
The USD/CAD pair struggles to build on the overnight bounce from the 200-day Simple Moving Average (SMA) support near the 1.3845 region, or the lowest level since June 3, and is seen consolidating during the Asian session on Tuesday.
Fxstreet
Tue, Aug 18
British Pound gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom
The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) softens against the British Pound (GBP) as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve (Fed) rate hike.
Fxstreet
Tue, Aug 18
Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed).
Fxstreet
Tue, Aug 18
Australian Dollar climbs as the Greenback falls on soft US data
The Aussie Dollar trades near two-month highs of 0.7129, supported by a weaker US Dollar, amid a scarce economic docket in the US, following last week’s softer Retail Sales data. The AUD/USD trades at 0.7106, up 0.32%.Fxstreet
Mon, Aug 17
GBP/JPY Price Forecast: Bulls reclaim 50-day SMA, eye 217.00
The GBP/JPY cross-pair is poised to finish Monday’s session with gains of over 0.14% as traders prepare for the beginning of Tuesday’s Asian session. The cross-pair has climbed above the 50-day Simple Moving Average (SMA) at 215.52, often seen as a breakout that opens the door to further upside.
Fxstreet
Mon, Aug 17
EUR/USD Price Forecast: Struggles at 1.1600, dives below 100-day SMA
The shared currency clings to minimal gains versus the US Dollar on Monday, edging up by some 0.08% after reaching a month-and-a-half high at 1.1614, then reversing course and falling beneath 1.1600, poised to end the session near the low of the day (LOD) of 1.1561.Fxstreet
Mon, Aug 17
British Pound Sterling did not earn its three-month high
GBP/USD cleared 1.3550 on Monday for the first time in three months, printed the highest level of the window just above it and handed the entire advance back within hours for a net gain under 10 pips. Sterling did none of the work behind that number.Fxstreet
Mon, Aug 17
Japanese Yen muted on a soft US Dollar note
USD/JPY is close to flat on Monday, holding the mid-159.00s region after a soft Japanese growth report overnight failed to shift it in either direction. The pair has been drifting between support at 158.60 and resistance just above 159.50 for five straight days. This is a standoff, not a trend.Fxstreet
Mon, Aug 17
Mexican Peso softens as Middle East risks boosts the US Dollar
The Mexican Peso weakens against the US Dollar on Monday, with USD/MXN reclaiming the 17.00 level, even though the latest US inflation and Retail Sales data disappointed investors. The USD/MXN trades at 17.03, after hitting a weekly low of 16.99.
Fxstreet
Mon, Aug 17
Chinese Yuan: Policymakers guide measured RMB appreciation – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that USD/CNH is trading near recent lows as Chinese policymakers allow a measured pace of Renminbi (RMB) appreciation while resisting an overly rapid move via a sizeable fixing premium.Fxstreet
Mon, Aug 17
USD/CHF Price Forecast: Bulls need a break above 0.8200 to regain momentum
USD/CHF rebounds on Monday as the US Dollar (USD) recovers from its early losses. At the time of writing, the pair trades around 0.8112 after touching an intraday low of 0.8072, its lowest level in over a week.
Fxstreet
Mon, Aug 17
Euro returns below 1.1600 as US Dollar selling pressure eases
EUR/USD trims earlier gains on Monday as the US Dollar (USD) shows signs of stabilization after opening the week under selling pressure. At the time of writing, the pair trades around 1.1580 after touching an intraday high of 1.1614, its highest level since June 17.Fxstreet
Mon, Aug 17
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