USD/JPY met with some fresh supply on Friday and retreated further from over one-week tops. Worries over rising coronavirus cases benefitted the safe-haven JPY and exerted some pressure. The USD extended its co...
AUD/USD struggled for a firm direction on Thursday and was seen oscillating in a range. The risk-off mood benefitted the safe-haven USD and kept a lid on the intraday bounce. Mixed US economic data failed to im...
USD/CAD drifts back into the bearish territory amid the prevalent USD selling bias. A goodish pickup in oil prices underpinned the loonie and exerted some pressure. The USD failed to benefit from rallying US bo...
GBP/USD finds some support near 100-day SMA amid a subdued USD price action. The pair had a rather muted reaction to a rather unimpressive UK macro releases. The upside is likely to remain limited, warranting s...
A strong pickup in the USD demand extended some support to the USD/JPY on Thursday. A sharp pullback in the equity markets benefitted the safe-haven JPY and capped gains. The US PPI print and initial jobless cl...
USD/CAD once again defends 200-DMA and stages a goodish intraday bounce. Worsening US-China relations extended some support to the safe-haven USD. Weaker oil prices undermined the loonie and remained supportive...
A broad-based USD weakness prompted some fresh selling around USD/CAD pair. Friday’s US/Canadian macro releases did little to provide any meaningful impetus. The key focus remains on Trump’s reaction to China’s...
Worsening US-China relations assisted gold to build on the overnight bounce from two-week lows. Some renewed USD weakness provided an additional boost to the dollar-denominated commodity. The positive move seem...
EUR/USD turns positive and clinches 2-day tops. Poor US Retail Sales undermines the momentum in the dollar. US Consumer Sentiment is next on tap on Friday. EUR/USD has quickly broken above the previous consoli...
EUR/USD keeps gyrating around the key 1.0800 mark on Friday. Investors stay vigilant on the gradual re-opening of the economy. German flash Q1 GDP figures next of relevance in the euro docket. The selling bias...
