The AUD/JPY rose to a two-day high of 94.90, but remains in a consolidation phase, maintaining a mild bullish bias above the Ichimoku cloud. Recent resistance is at the 95.00…
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Philadelphia Fed President Patrick Harker said the Fed will not increase economic pressure by raising borrowing costs. The Fed should not consider raising interest rates at this time. He reiterated…
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The EUR/JPY ended the day up 0.47%, bouncing off the day’s low of 156.98. Technical indicators suggest that the EUR/JPY may rise towards the 12th of October highs. Against the…
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The USD/CHF fell 0.30% during Monday’s trading session, failing to consolidate above the 200-day simple moving average (SMA) at 0.9018, and dropping below the low of 0.9000. Correspondingly, the daily…
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The USD/CHF pair fell for the second consecutive session to around the 0.9020 level during Monday’s Asian session. Uncertainty over the Federal Reserve’s (Fed) interest rate outlook has created a…
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In early European trading on Monday, the EUR/JPY gained momentum near the 157.47 level. The pair bounced off last Friday’s low of 157.05 as risk sentiment improved. However, safe-haven flows…
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Poland held parliamentary elections. There is no reason for the currency markets to price in euphoria for the Polish zloty. An opposition coalition is likely to win a majority. This…
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Against the backdrop of a so far decent rally in risk assets at the start of the week, the U.S. Dollar Index gave back some of its recent two-day rally…
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The Euro (EUR) has started the new trading week on a positive note against the U.S Dollar (USD), allowing the EUR/USD (EUR/USD) to extend its rebound from around 1.0500 and…
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During Monday’s Asian session, the GBP/USD rose above the mid 1.2100 level. A weak US dollar provided some support for the GBP/USD. Risk sentiment dominated the markets ahead of Tuesday’s…