The Japanese yen has extended its gains as USD/JPY trades at a 3-week low. In the North American session, USD/JPY is trading at 114.25, down 0.35% on the day. Will the yen break into 113-territory before the end of the week?
The Japanese yen has jumped onto the currency bandwagon this week, taking advantage of a US dollar in retreat. USD/JPY has dropped 1.11%...
The UK100 has been going from strength to strength in recent weeks, relatively undeterred by the wobble in broader stock markets over the last week or so as it eyes January 2020 highs above.
It's already back in pre-pandemic territory and the momentum indicators on both the daily and 4-hour charts continue to look healthy. That may suggest resistance around 7,560...
It's been a shaky start to the new year, with interest rate anxieties dragging on sentiment and hitting the NAS100 particularly hard.
The index fell more than 8% over the last week, breaking through key support in the process which could have led to a much deeper correction. Instead, the index bounced strongly in the final hours of trading on Monday and failed to...
The Australian dollar is trading quietly at the start of the week. In the North American session, AUD/USD is trading at 0.7172, down 0.14% on the day.
December job numbers in the US were mixed. The nonfarm payrolls report was a major disappointment, with a gain of 199 thousand, compared to a forecast of 425 thousand. Despite the soft nonfarm payrolls reports,...
The Canadian dollar is on a holding pattern ahead of key Canadian and US employment reports later today. Currently, USD/CAD is trading just above the 1.27 line.
It could be an active North American session for the Canadian dollar, with the release of Canada's job creation numbers and the US nonfarm payrolls. Expectations are low for the Canadian data, with a...
The Japanese yen has edged higher and is back below the 116 level. Still, the yen remains vulnerable, especially with US treasury yields moving higher. Earlier in the week, USD/JPY broke above116 line for the first time since January 2017.
The dollar has managed to push the yen to 5-year lows on the back of rising US Treasury yields. The 10-year yield, which...
The euro started the New Year with sharp losses, but the currency has rebounded on Wednesday, posting gains of 0.44% and punching above the 1.13 level.
Germany's service sector showed contraction in December, falling below the 50-level for the first time in eight months. The PMI fell from 52.7 to 48.7 points. The German recovery stalled in December, as the...
The Canadian dollar continues to show strong movement early in the New Year. USD/CAD is currently trading at 1.2674, down 0.56% on the day.
The first tier-1 events in 2022 out of the US disappointed, missing their estimates. The ISM Manufacturing PMI for December slowed to 58.7, missing the consensus of 60.0 and below the November reading of 61.1 points. The PMI...
Welcome to the first trading day of 2022! The euro is slightly lower in the European session, trading around 1.1350.
Eurozone Manufacturing PMIs for December pointed to growth across the bloc. France and Italy beat the consensus, while Spain and the all-eurozone PMIs were within expectations. The one disappointment was Germany, which came in at 57.4. This missed...
The British pound has started the New Year in negative territory. GBP/USD has dipped just below the symbolic 1.35 level.
The British pound ended 2021 with a winning week, gaining 1.03%. It was the second week in a row in which GBP/USD gained over 1%, as the risk-sensitive pound continued to make inroads against the safe-haven US dollar. On Thursday, GBP/USD rose...
The British pound is trading quietly in the European session, at 1.3515. The pound is up 0.90% this week, after a strong gain of 1.18% a week earlier. On Thursday, GBP/USD rose to 1.3520, its highest level since November 10th. Will the pound push above this line on the last day of 2021?
The catalyst driving the pound's rally impressive rally over the past two...
On the final day of 2021, the major pairs are stuck in tight ranges. The euro is trading quietly at 1.1310 in the European session.
This holiday week was characterized by a dearth of economic releases and illiquid markets. That left the markets vulnerable to volatility due to market-movement headlines, but in the end, the currency markets had a generally quiet...
The euro lost ground earlier on Thursday but has recovered most of these losses. EUR/USD is currently trading at 1.1337, down 0.08% on the day.
With a very light economic calendar this week, the markets are being driven by sentiment, which essentially means the latest Omicron headlines. The markets remain fairly upbeat, despite the explosion in Omicron...
The US dollar has again pushed the Japanese yen above the 115 line, after breaking through the symbolic level on Wednesday.
The US dollar has been showing broad weakness but has managed to push the yen back above the 115 level. Earlier in the day, USD/JPY rose to 115.22, marking a 5-week high. There are two reasons why the yen hasn't been able to take advantage...
The Swiss franc flexed some muscle in the days leading into Christmas, but the currency is almost unchanged this week, trading around 0.9170.
The Omicron variant continues to spread as countries scramble to deal with the newest wave of Covid. The good news is that most reports have shown that Omicron is believed to be far milder than Delta, which hopefully means...
The Japanese yen continues to lose ground. The yen suffered a third straight losing week, and the trend has continued on Monday. With USD/JPY currently trading around the 114.70 level, the 115 line is vulnerable. The pair last breached this symbolic level a month ago, but the dollar couldn't consolidate above this level.
Japan's retail sales...
Tis the week of Christmas, which means eggnog, crackling fireplaces and thin liquidity in the markets. With Australian markets closed on Monday, the Aussie has shown little movement today and this should continue in the North American session.
There are no Australian events on this week's calendar, so any movement of AUD/USD will come from events abroad. The US...
It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound's best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month.
The pound's newfound strength is a result of stronger risk appetite. When Omicron first appeared on the scene several weeks ago, there...
