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...
Here is what you need to know on Wednesday, June 24: Cautious optimism emerged as the underlying theme in Asia, as the US dollar traded broadly subdued, with the bounce capped by the optimism over the global ec...
A modest USD rebound assisted USD/JPY to gain some traction on Wednesday. Hopes of a V-shaped global economic recovery undermined the safe-haven JPY. A cautious mood around the equity markets might keep a lid o...
Here is what you need to know on Tuesday, June 23 The US dollar showed some signs of life amid a wild Asian ride this Tuesday, as the risk sentiment swung dramatically on the US-China trade deal mix-up. The mar...
Here is what you need to know on Monday, June 22: The US dollar reversed a part of last week’s gains after starting out the week on the front foot, as the risk-recovery mode returned in Asia. Beijing reported f...
A combination of factors assisted the GBP/JPY to gain traction for the second straight session. Brexit optimism underpinned the pound; upbeat market mood weighed on the safe-haven JPY. Concerns over escalating ...
A subdued USD demand failed to assist USD/JPY to capitalize on Friday’s positive move. The upbeat market mood undermined the safe-haven JPY and helped limit deeper losses. The USD/JPY pair edged lower on the f...
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...
AUD/USD retreated around 100 pips from five-month tops set earlier this Wednesday. The risk-on mood, sustained USD selling bias helped limit the downside for the aussie. The USD selling remained unabated despit...
USD/JPY seesawed between tepid gains/minor losses through the early North American session. The ADP report showed that the US private-sector employment declined by 2.76 million in May. The prevalent USD selling...
