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Japanese yen fragile as USDJPY nears 162; intervention in focus
Investing.com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation
Investing.com
Jul 4, 2024
NZD/USD Price Analysis: Kiwi bounces off, eyes on 20-day SMA resistance
On Wednesday, the NZD/USD witnessed a gain of 0.50%, as markets turned their back on the USD.
NZD/USD
Fxstreet
Jul 3, 2024
USD/JPY Price Analysis: Rises steadily as buyers eye crucial 162.00 mark
The USD/JPY pair finished Wednesday's session with minuscule gains of 0.14% after dipping to a daily low of 160.77, sponsored by traders increasing bets that the Federal Reserve might cut rates in 2024, following dismal data revealed during the day.
USD/JPY
Fxstreet
Jul 3, 2024
NZD/JPY Price Analysis: Pair surpasses 98.00, establishing new cycle highs
On Wednesday, the NZD/JPY pair resumed its upward trajectory, an extension of the bullish trend noted in the previous week.
NZD/JPY
Fxstreet
Jul 3, 2024
Australian Dollar strengthens as markets digest strong Retail Sales from Australia
The Australian Dollar (AUD) soared against the USD to its highest level since January following the report of soft labor market figures from the US and strong Retail Sales data from Australia earlier in the session.
AUD/USD
Fxstreet
Jul 3, 2024
Mexican Peso rallies on growing Fed rate cut speculation
The Mexican Peso skyrocketed against the US Dollar on Wednesday after data from the United States (US) fueled speculation that the Federal Reserve (Fed) might cut interest rates more aggressively than expected.
USD/MXN
Fxstreet
Jul 3, 2024
Canadian Dollar bolstered by US data miss
The Canadian Dollar (CAD) gave a shaky performance on Wednesday.
USD/CAD
Fxstreet
Jul 3, 2024
EUR: Probability of RN winning majority continues to fade – MUFG
The Euro (EUR) has been holding on to gains against the US dollar at the start of this month, MUFG analysts note.
EUR/USD
Fxstreet
Jul 3, 2024
USD/JPY: To intervene or wait? – OCBC
Higher USD/JPY continues to drum up expectations of intervention though some may be watching if authorities are allowing for further depreciation before stepping in.
USD/JPY
Fxstreet
Jul 3, 2024
EUR/USD: Increased volatility amid France’s risks – OCBC
The Euro (EUR) dipped in London morning yesterday as the release of CPI estimate shows inflation slows.
EUR/USD
Fxstreet
Jul 3, 2024
GBP/USD Price Analysis: Surges past 1.2750 as buyers gain momentum
The Pound Sterling rallied sharply against the US Dollar following a dismal ISM Services PMI reading, which increased the likelihood that the Federal Reserve will indeed cut rates at least once in 2024.
GBP/USD
Fxstreet
Jul 3, 2024
EUR/GBP Price Analysis: Forms reversal pattern and begins falling again
EUR/GBP has moved lower after filling the price gap that opened between 0.8472 and 0.8490 (red shaded area) during the steep decline of June 10.
EUR/GBP
Fxstreet
Jul 3, 2024
EUR/USD: Last day in Sintra – ING
Today is the last day of the Sintra summit, which will include comments by ECB’s Lagarde, Luis de Guindos, Piero Cipollone, Philip Lane and Klaas Knot, ING’s FX strategist Francesco Pesole notes.
EUR/USD
Fxstreet
Jul 3, 2024
USD/JPY: To come back below 160 in the coming weeks – Rabobank
Yield differentials seem important to the USD/JPY outlook. FX intervention may be on the cards again very soon because the Japanese Yen (JPY) is weak, weighing on the consumer confidence, Rabobank FX strategists note.
USD/JPY
Fxstreet
Jul 3, 2024
USD/CAD tumbles below 1.3650 on weak US private labor demand and Services PMI
The USD/CAD pair falls sharply to near 1.3650 in Wednesday’s American session.
USD/CAD
Fxstreet
Jul 3, 2024
EUR/USD carries a heavy weighting within DXY – Rabobank
The EUR/USD weighs heavy weighting on the DXY. Markets think a hung parliament would restrict the Far-Right in Europe to enact costly voter-friendly fiscal changes, Rabobank analysts note.
EUR/USD
Fxstreet
Jul 3, 2024
Brazil Industrial Output (MoM) fell from previous -0.5% to -0.9% in May
Brazil Industrial Output (MoM) fell from previous -0.5% to -0.9% in May
Fxstreet
Jul 3, 2024
Brazil Industrial Output (YoY) came in at -1%, above expectations (-1.7%) in May
Brazil Industrial Output (YoY) came in at -1%, above expectations (-1.7%) in May
Fxstreet
Jul 3, 2024
AUD/USD exhibits sideways trend below 0.6700 with US labor market data in focus
The AUD/USD pair stays in a tight range below the immediate resistance of 0.6700 from almost three weeks.
AUD/USD
Fxstreet
Jul 3, 2024
EUR/USD rises as sticky Eurozone service inflation keeps ECB’s rate outlook uncertain
EUR/USD jumps higher to near 1.0770 in Wednesday’s European session after a strong recovery from the round-level support of 1.0700 on Tuesday.
EUR/USD
Fxstreet
Jul 3, 2024
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