GBP/USD renews multi-month highs above 1.4150

  GBP/USD touched its highest level since late February at 1.4158. US Dollar Index stays in the negative territory on Monday. Focus shifts to first-quarter GDP report from the UK on Wednesday. The GBP/USD pair registered strong gains in the second half of the previous week and preserved its bullishRead More →

NZD/USD slides to four-month lows, around 0.6975 region

  NZD/USD continued losing ground on Wednesday and dropped to fresh multi-month lows. The NZ government’s overnight announcement to curb housing prices weighed on the kiwi. The risk-off mood benefitted the safe-haven USD and contributed to the ongoing downfall. The NZD/USD pair remained depressed through the Asian session on WednesdayRead More →

USD/JPY tumbles to 2-day lows near 108.80

  USD/JPY looks weaker below the 109.00 hurdle. US Retail Sales surprised to the downside in February. US Industrial Production contracted more than expected. The corrective downside in US yields lends some buying interest to the Japanese yen and drags USD/JPY back below 109.00 the figure on Tuesday. USD/JPY looksRead More →

Clings to gains near 200-hour SMA, around 105.35-40 region

  USD/JPY staged a goodish rebound from sub-105.00 levels amid resurgent USD demand. The set-up favours bullish traders and supports prospects for additional near-term gains. A move towards the 105.70 region, en-route the 106.00 mark, looks a distinct possibility. The USD/JPY pair showed some resilience below the key 105.00 psychologicalRead More →

  The euro opened at a daily high during the US session on Friday, but remained sideways. EUR/USD continued to fluctuate around 1.1850 and could not confirm the levels below 1.1800 or above 1.1900. EUR/USD is about to post small weekly gains hovering around 1.1850 at the end of Friday,Read More →

  The EUR/USD gains further traction and climbs to 1.1350/55. The dollar loses its grip after opening in Wall St. on Monday. The risk sentiment remains firm at the beginning of the week. The optimistic rating in the risk complex is now putting pressure on those in charge and isRead More →