Japanese Yen bulls remain on the sidelines; seems vulnerable against USD – FXStreet
The Japanese yen has struggled to take advantage of Friday's modest rebound against the US dollar. Questions about the Bank of Japan's interest rate hike plans and the widening gap in yields between Japan and the U.S. are weighing on the yen. Traders are now looking to the US Consumer Confidence Index for short-term stimulus […]
Japanese Yen extends its consolidative price move near multi-week low against USD – FXStreet
The Japanese yen continues to weigh on the Japanese yen as expectations for a December interest rate hike by the Bank of Japan fade. Rising US bond yields and positive risk trends also undermine demand for the safe-haven Japanese yen. However, investors appear to be reluctant ahead of this week's important FOMC/BOJ policy meeting. The […]
Japanese Yen trims part of its weekly losses against USD; upside potential seems limited – FXStreet
The Japanese yen has struggled to capitalize on modest intraday gains against the US dollar. Uncertainty surrounding the Bank of Japan's interest rate hike in December and risk-on impulses are holding back the yen. A non-dovish bet on the Fed supports the USD and also provides support for USD/JPY. The Japanese Yen (JPY) pared some […]
Forex Today: CAD and MXN under pressure, USD recovers modestly ahead of FOMC Minutes – FXStreet
Here's what you need to know on Tuesday, November 26th. Following the bearish moves seen earlier in the week, the US dollar (USD) recovered modestly early on Tuesday. The US economic calendar includes September's home price index, October's new home sales statistics, and November's Conference Board Consumer Confidence Index. The US Federal Reserve will release […]
Japanese Yen gains positive traction against USD, upside potential seems limited – FXStreet
The Japanese yen has strengthened against the US dollar, but there is a lack of bullish confidence due to uncertainty from the Bank of Japan. Upbeat market sentiment and rising U.S. bond yields could help keep the low-yielding yen in check. Traders will focus on Thursday's US macro data, which the Fed will release ahead […]
Gold price surge on risk aversion and overcome strong USD – FXStreet
Gold extended its gains to $2,650, shrugging off dollar strength as demand for safe-haven assets increases. The escalating conflict between Russia and Ukraine and President Vladimir Putin's nuclear threat are contributing to the sharp rise in gold prices. Comments from Fed governors provide a range of insights into the potential direction of US monetary policy […]
Gold price advances closer to $2,600 on geopolitical risks, subdued USD price action – FXStreet
Gold prices gained some positive traction on Monday, snapping a six-day losing streak. Geopolitical risks benefit safe-haven XAU/USD as USD demand weakens. The Fed's aggressive rate cuts and bets on higher Treasury yields will limit further gains. Gold prices (XAU/USD) have shaved off some of their modest intraday gains to remain below $2,600 heading into […]
EUR/USD slightly recovers as USD traders take profits – FXStreet
EUR/USD rebounded after testing 1.0500, its lowest in more than a year, on Thursday. On Friday, the euro rebounded against the US dollar after five consecutive days of declines due to profit-taking. Markets are nervous about the Fed questioning its December interest rate cut, while the ECB is expected to continue easing, pointing to further […]
Japanese Yen drops to fresh multi-month low against USD, bears not ready to give up – FXStreet
The Japanese yen continues to fall amid uncertainty about the Bank of Japan's interest rate hike. The USD bullishness is helping the USD/JPY pair rally to the top for the first time in months. Yen bears are ignoring the possibility of intervention by Japanese authorities. The Japanese yen (JPY) has been underperforming against the US […]
Confirmed: IRS will pay a new tax refund of more than USD 3,000 to those who meet this requirement – Tododisca
The IRS recently announced large tax refunds for families who: child tax credit requirements. This initiative aims to help millions of American households by providing financial relief during a time of economic uncertainty. This credit allows eligible families to receive up to a refund. $3,600 per child. This financial relief comes as part of the […]