NZD/USD rebounded to 0.5980 on Monday before stabilizing around 0.5960, although the bearish outlook remains. While recent action has shown increased buying momentum, NZD/USD is trading below the key simple…
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AUD/USD rallied sharply on Monday, rising 0.55% as market risk appetite improved, while intervention from Japanese authorities weighed on AUD/USD. After the opening of the Asian market on Tuesday, AUD/USD…
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In early Asian trading on Tuesday, GBP/USD consolidated its gains around 1.2560 after hovering between the key 200-day moving average and the three-week high of 1.2550-1.2560. The U.S. Dollar Index…
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According to Reuters, Klaas Knot, a member of the European Central Bank (ECB) Governing Council and President of Dutch Bank (DNB), said late on Monday that the euro zone inflation…
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After the yen started the week on a negative note against the US dollar, falling above multi-decade lows above 160.00, market speculation that Japan’s Ministry of Foreign Affairs intervened to…
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EUR/USD fluctuated lower on Monday, hovering around 1.0720, after remaining in a narrow range but at the upper edge of the range, awaiting the release of the U.S. Federal Reserve…
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At Monday’s Euro50 meeting, European Central Bank (ECB) Vice President Luis de Guindos emphasized the ECB’s progress on inflation but stopped short of making any changes to the pace of…
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Rising inflation, strong economic activity and employment data have pushed market expectations for the first rate cut to December. We still believe there is an opportunity for a rate cut…
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EUR/JPY fell to 166.65 during Monday’s Asian session. The cross hit an intraday low of 166.36 after retracing from 171.60 (highest level since 2008). There is speculation that the Bank…
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The Japanese yen (JPY) has steadily rebounded from the lowest levels since October 1986 hit during Monday’s Asian trading session and has rebounded about 500 points from below the psychological…