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Forex Today: US Dollar holds gains ahead of US data, Fedspeak
Here is what you need to know on Thursday, January 15:The US Dollar (USD) gains ground against its major counterparts on Thursday, supported by robust US Retail Sales data for November.
Fxstreet
Thu, Jan 15
USD/INR expects cautious start on Friday as Oil price cools down
The USD/INR pair ended Wednesday’s session with modest gains around 90.55. On Thursday, Indian stocks, commodity, and currency markets are closed due to the Mumbai Municipal elections.
Fxstreet
Thu, Jan 15
EUR/JPY Price Forecast: Keeps bullish vibe above 100-day EMA
The EUR/JPY cross loses traction near 184.50 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as traders remain wary of intervention after strong warnings ahead of an election in Japan.
EUR/JPY
Fxstreet
Thu, Jan 15
USD/CHF trades firmly near 0.8000 as Fed to keep interest rates steady this month
The USD/CHF pair holds onto gains near the monthly high of 0.8000 during the late Asian trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar continues to outperform on expectations that the Federal Reserve (Fed) will pause its monetary-easing cycle this month.
USD/CHF
Fxstreet
Thu, Jan 15
When are the UK data releases and how could they affect GBP/USD?
The United Kingdom (UK) docket has the Gross Domestic Product (GDP) and Industrial Production data for November to be released by the Office for National Statistics (ONS) on Thursday, later this session at 07:00 GMT.
GBP/USD
Fxstreet
Thu, Jan 15
EUR/USD weakens below 1.1650 as strong US data boosts Fed hold outlook
EUR/USD extends its losses for the third consecutive session, trading around 1.1640 during the Asian hours on Thursday.
EUR/USD
Fxstreet
Thu, Jan 15
USD/JPY Price Forecast: Takaichi’s trade caps Yen’s upside
The USD/JPY pair trades in a tight range around 158.50 during the Asian trading session on Thursday. The pair consolidates as the upbeat US Dollar (USD) has offset the decent recovery in the Japanese Yen (JPY).
USD/JPY
Fxstreet
Thu, Jan 15
GBP/USD Price Forecast: Eyes nine-day EMA barrier near 1.3450
GBP/USD remains steady for the second successive session, trading around 1.3430 during the Asian hours on Thursday. The momentum indicator 14-day Relative Strength Index (RSI) is at 51 (neutral) after retreating from overbought readings, indicating balanced momentum.
GBP/USD
Fxstreet
Thu, Jan 15
NZD/USD declines below 0.5750 amid renewed US-China trade tensions
The NZD/USD pair loses ground to near 0.5740 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid renewed fears of a trade war between the US and China.
NZD/USD
Fxstreet
Thu, Jan 15
USD/CAD steadies near 1.3900 as strong US data supports Fed pause
USD/CAD remains in the positive territory for the third successive session, trading around 1.3890 during the Asian hours on Thursday. The pair holds ground as the US Dollar (USD) receives support from stronger-than-expected US economic data.
USD/CAD
Fxstreet
Thu, Jan 15
AUD/USD slips below 0.6700 as Australia’s inflation expectations ease
AUD/USD edges lower after registering slight gains in the previous session, trading around 0.6680 during the Asian hours on Thursday. The pair loses ground after Australia’s Consumer Inflation Expectations were released.
AUD/USD
Fxstreet
Thu, Jan 15
South Korea BoK Interest Rate Decision meets expectations (2.5%)
South Korea BoK Interest Rate Decision meets expectations (2.5%)
Fxstreet
Thu, Jan 15
EUR/USD flat around 1.1650 as hot US PPI, geopolitics freeze trade
EUR/USD consolidates on Wednesday, hoovers around the 1.1645, unchanged amid a risk-off mood sponsored by geopolitical risks, which kept traders on the sidelines.
EUR/USD
Fxstreet
Wed, Jan 14
USD/JPY falls below 158.50 on intervention warnings
The USD/JPY pair tumbles to around 158.25 during the early Asian session on Thursday. The Japanese Yen (JPY) rebounds against the US Dollar (USD) after Japanese officials warned of potential intervention to shore up the currency.
USD/JPY
Fxstreet
Wed, Jan 14
NZD/USD edges higher on upbeat Chinese trade data, limited by strong US Dollar
NZD/USD trades higher on Wednesday, hovering around 0.5750 at the time of writing, up 0.25% on the day.
NZD/USD
Fxstreet
Wed, Jan 14
USD/JPY retreats as Japan warns on excessive FX moves
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb excessive Yen weakness.
USD/JPY
Fxstreet
Wed, Jan 14
GBP/USD rallies as Fed independence threats hammer Dollar
The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by 0.30%.
GBP/USD
Fxstreet
Wed, Jan 14
AUD/USD holds steady as US data, Chinese support balance outlook
AUD/USD trades around 0.6680 on Wednesday at the time of writing, virtually unchanged on the day, as investors digest a series of key macroeconomic releases from the United States (US) and Asia.
AUD/USD
Fxstreet
Wed, Jan 14
EUR/USD stabilizes after pullback from December highs – Scotiabank
The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD
Fxstreet
Wed, Jan 14
EUR/USD remains range-bound near one-month lows after mixed US data
The Euro (EUR) trades little changed against the US Dollar (USD) on Wednesday, with traders showing a muted reaction to the latest US Producer Price Index (PPI) and Retail Sales data.
EUR/USD
Fxstreet
Wed, Jan 14
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