EURUSD: The EUR/USD pair is trading down near 1.0770 in the early hours of Asian trading on Monday. Investors have shifted into a cautious mode and prefer to wait and see ahead of the release of key economic data from the US this week. Wednesday's centerpiece will be the final reading of the Consumer Price Index (CPI) for April, which is expected to show a 3.4%...
USDJPY: USDJPY is trading near 155.70 on Friday in the early hours of Asian trading. Renewed demand for the US dollar (USD) is lifting the pair. However, verbal intervention and hawkish commentary from Bank of Japan (BOJ) Governor Kazuo Ueda may limit the decline in the Japanese Yen (JPY) for now. San Francisco Fed President Mary Daly said Thursday that the...
Events to pay attention to today: 14:00 GMT+3. USD - BoE Interest Rate Decision GBP/USD remains on the defensive around 1.24950 on Thursday in the early Asian session. The greenback has risen for the third consecutive day, putting pressure on the major pair. Traders are shifting into a more cautious mode ahead of the Bank of England's (BoE) interest rate...
The Euro-dollar pair extended its losses for the second consecutive session, trading near 1.07400 during the Asian session on Wednesday. The US dollar (USD) is strengthening on expectations that the Federal Reserve (Fed) will extend interest rate hikes. However, weaker US jobs data over the past week has revived hopes of a possible interest rate cut by the Federal...
USDJPY: Unfavorable U.S. non-farm payrolls (NFP) and services PMI data last week raised expectations that the U.S. Federal Reserve (Fed) will cut interest rates this year. Traders expect the Fed to start lowering borrowing costs at its September meeting. However, Fed Chair Michelle Bowman said last week that she would be willing to raise interest rates further...
The GBP/USD pair continued its winning streak for the fourth consecutive day, trading near 1.25500 during Asian trading hours on Monday. The strengthening of the GBP/USD pair may be attributed to revised expectations for an interest rate cut by the Federal Reserve (Fed) in 2024 following the release of lower-than-expected US employment data. On Friday, the US...
On Thursday, the EUR/USD returned to the upper boundary of the recent consolidation, regaining territory north of 1.07000 as market risk appetite rebalances ahead of Friday's US Non-Farm Payrolls (NFP) data. With European economic data scarce on Friday, investors will focus on the US employment data due out early in the US market session. The US employment data,...
Snapchat ( #Snapchat ) shares surged by 27% to $14.5 per share, following the post-market trading on the New York Stock Exchange on Friday, April 26. And they continue to climb this week: Several factors contributed to this rapid growth: Demand for Snap shares increased after the release of financial results. Snap noted that its business is growing...
The Japanese yen (JPY) jumped to a two-week high against its U.S. counterpart on Wednesday amid speculation that Japan's financial authorities stepped in again, for the second time in a week, to support the domestic currency. This came amid a sell-off in the US dollar (USD) following the FOMC meeting and took the USD/JPY pair to 153.000. The yen, however, trimmed...
Events to watch out for today: 17:00 GMT+3. USD - ISM manufacturing index 21:00 GMT+3. USD - FOMC decision on the key interest rate GBPUSD: GBPUSD is holding below 1.2490 during the early Asian session on Wednesday. The major pair's decline is supported by a strengthening US Dollar (USD) amid cautious sentiment ahead of the US Federal Reserve's (Fed)...
Event to pay attention to today: 09:45 GMT+3. EUR - HICP y/y 11:00 GMT+3. EUR - GDP y/y On Monday, the EUR/USD fluctuated near 1.07200, after a narrow but lopsided range as markets came to terms with the expectation of Wednesday's US Federal Reserve (Fed) meeting. Investors generally expect US rates to remain unchanged this week, but traders will be looking...
The Japanese yen (JPY) remains under heavy selling pressure on the first day of the new week, pushing the USD/JPY pair above the psychological 160.00 mark for the first time since October 1986. The significant divergence in the Bank of Japan's policy outlook and the Fed's hawkish expectations continue to undermine the yen amid relatively low liquidity amid the...
The GBP/USD pair is trading on a weak note around 1.2502 in the early hours of Asian trading on Friday. A moderate rise in the US Dollar (USD) is weighing on the major pair despite weak US GDP growth data. On Friday, the focus will be on the Personal Consumption Expenditure (PCE) price index data. On Thursday, the US economy grew at a slower pace of 1.6% in the...
The Euro-dollar pair is holding near the psychological 1.07000 level on Thursday during the early Asian session. The moderate rise in the major pair is supported by the weakening US dollar (USD). Later in the day, the preliminary US gross domestic product (GDP) growth figure will be released. On Wednesday, the U.S. Commerce Department reported that orders for...
The Japanese Yen (JPY) continues to struggle to make a significant recovery and languished near multi-decade lows against its US counterpart during Wednesday's Asian session. Traders seem reluctant to make a decision and prefer to wait for an important Bank of Japan (BoJ) decision on Friday. In addition, this week investors will face the release of the advance...
The Pound-Dollar pair remains on the defensive near 1.23500, its lowest since mid-November, in Tuesday's early Asian session. The US Dollar Index (DXY) is consolidating above 106.10 as traders await the preliminary S&P Global purchasing managers' index (PMI) data from the US and UK for April. Federal Reserve (Fed) policymakers agreed that US inflation is slowly...
The EUR/USD pair trades on a stronger note around 1.06650 during the early Asian session on Monday. However, the pair’s upside might be limited due to the commentary from Federal Reserve (Fed) officials suggesting a shift to an increasingly hawkish stance. Investors will keep an eye on the preliminary Eurozone HCOB PMI for April on Tuesday ahead of the final...
The USD/JPY is attracting some sellers around the 154.150 level in early Asian trading on Friday. Risk-off sentiment and rising tensions between Israel and Iran are boosting safe-haven flows, favouring the Japanese Yen (JPY). However, strong US economic data and any hawkish comments from Federal Reserve (Fed) officials may limit the pair's near-term gains. The...