Japanese Yen slides to over one-week low against USD; downside seems limited – FXStreet
The Japanese yen fell against the US yen for the second day in a row. Further recovery in US Treasury yields will support the US dollar and support the USD/JPY pair. Traders are now eyeing President Trump's speech for fresh stimulus ahead of Friday's Bank of Japan decision. The Japanese yen (JPY) has recovered a […]
Gold flirts with multi-week top despite bullish USD; seems poised to climb further – FXStreet
Gold prices have turned positive for the third day in a row, with a variety of factors providing support. Geopolitical risks, trade war concerns, and falling US Treasury yields are supporting the XAU/USD pair. Traders are now hoping for some stimulus from Fed speakers ahead of Friday's US NFP report. Gold prices (XAU/USD) regained positive […]
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 […]