Forex News

EUR/GBP accumulates gains in the Asain session. More upside envisioned if price breaks above 0.8605. Momentum oscillators trade in oversold trajectory hinting at upside momentum. The EUR/GBP cross is gathering momentum in the Asian session after the previous day's showdown. The cross respects the swing lows near 0.8595 and in the progression to continue in the…

Japanese Finance Minister Taro Aso said on Friday, the Cabinet has decided to spend JPY512 billion in emergency budget reserve to secure coronavirus vaccines. However, he added that the Ministry is not considering immediately compiling a new extra budget to respond to the covid crisis. These comments come after Economy Minister Yasutoshi Nishimura unexpectedly announced…

"I reiterated that the United States will not leave Australia alone on the field, or maybe I should say alone on the pitch, in the face of economic coercion by China, US Secretary of State Antony Blinken said during a press conference on Thursday (US time) alongside visiting Australian Foreign Minister Marise Payne. Blinked warned that China’s such…

S&P 500 Futures extend previous day’s recovery from the lowest in six weeks. Fed’s rejection to inflation pick-up, upbeat US data favor risk-on mood. All three Wall Street benchmarks rose for the first time in a week. Covid, geopolitics and pre-US data caution probe the bulls amid a quiet Asian session. S&P 500 Futures stays…

AUD/NZD consolidates in the Asian session. Holding onto the 1.0750 key psychological level. Oversold momentum oscillator caution against aggressive bids. The AUD/NZD seesaws in the Asain session on the last trading day of the week. The pair confides in a narrow trading band of 1.0750-1.0770 with modest losses. At the time of writing, the AUD/NZD…

DXY trades flat in sleepy Asian trade and consolidates recent bullish phase. Fed officials are viewing a spike in inflation as transitory. The US dollar is moving sideways into the closing sessions for Friday. DXY is trading at 90.73 at the time of writing in a tight 90.7200/8030 range. There are prospects of a weekly gain, however, as…

AUD/JPY remains subdued in the Asian session. Cross seeks support near daily lows at 84.54. Momentum oscillator caution for directional bet awaits confirmation. The AUD/JPY gave up some of its gains after touching multi-year high at 85.82, having rallied from the lows of 82.28 since March 24. The cross moves in a very narrow trading…

In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point at 6.4525 vs est 6.4499 and prev 6.4612 About the fix China maintains strict control of the yuan’s rate on the mainland. CNY differs from its offshore yuan, or CNH, which is not as tightly controlled as the onshore yuan. Each morning, the People’s…

USD/CAD wavers inside a choppy range after crossing crucial previous supports. Momentum recovery joins the trend line breakout to keep buyers hopeful. Fresh selling may wait for a clear break below 1.2000 threshold. USD/CAD eases from the immediate trading range’s resistance line, around 1.2165, during the early Friday. The Loonie pair crossed two key ex-support…

With the recent jump in inflation data, Goldman Sachs coveyed its Core PCE (personal consumption expenditures price index) forecasts for April, up for publishing on May 28, during the latest report. The US-based bank said to rely on the CPI and PPI figures to anticipate, “ core PCE price index rose 0.52% in April, corresponding to…