The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day.
Australia will release December employment numbers in Thursday's Asian session. The economy is expected to have created 43 thousand new jobs, which would be a modest gain compared to the monster spike of 366...
The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week.
The Bank of Japan's policy meetings are generally uneventful affairs, with the bank reaffirming its monetary policy. The bank did maintain policy,...
The US dollar has edged higher at the start of the week. In the European session, USD/JPY is trading at 114.56, up 0.36% on the day. The yen is coming off its best week since November 2020, with USD/JPY falling by 1.15% last week.
US Treasury yields have taken the yen on a roller-coaster ride. Earlier this month, USD/JPY punched above the 1.16 line, as 10-year US...
The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day.
The pound is yawning despite better than expected UK data today. GDP jumped 0.9% m/m in November, above the consensus of 0.4%, while Manufacturing Production rose 1.1% m/m, crushing the estimate of 0.2%. Both readings were above...
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...
