NZDUSD stretches back higher but running into MA resistance
The NZDUSD surged higher yesterday, driven by broad USD selling following the cease-fire headlines and supported by a slightly more hawkish tilt from the Reserve Bank of New Zealand. The…
USD/JPY Pulls Higher: Yen Doubts Bank of Japan
USD/JPY climbed to 159.36 mid-week, with the Japanese yen losing ground for a second consecutive day. The market is pricing in the Bank of Japan’s policy outlook ahead of next…
USDJPY trades to new highs and tests the converged 100/200 hour MAs
The USDJPY is pushing higher, supported by a modest rebound in yields. The 10-year yield is up about 2 basis points—nothing dramatic, but a shift from earlier declines that is…
Buyers in the EURUSD push the price to new session highs
The EURUSD is pushing to new session highs, with the move supported by softer oil prices and a modest easing in geopolitical tensions. Headlines out of the Middle East have…
The markets – including the USD – are little changed to kickstart the Friday trading
The markets are treading water as the North American session gets underway, with little conviction across the major asset classes ahead of key economic releases. Oil prices are marginally higher—up…
USDCHF moves stretching away from the 100 day MA. Trades to new lows for the week.
The USDCHF is trading to fresh session lows heading into the weekend, reaching its lowest level since March 24. The downside momentum is gaining traction as the price continues to…
EURUSD moves to new highs after consumer sentiment falls to record low level
The EURUSD is pushing to a new session high following weaker-than-expected data from the University of Michigan. Sentiment dropped to a fresh record low at 47.6 (vs 52.0 expected), while…
GBPUSD will have the ceiling to define the bias in the new trading week
The GBPUSD is heading into the close trading near the lower end of a well-defined swing-area ceiling between 1.34708 and 1.3488 (see red numbered circles on the chart below). This…
Iran says seizes two container ships attempting to exit Gulf
Iran says seizes two container ships attempting to exit Gulf Source link
Oil: Supply shock revives stagflation worries – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent is nearing USD100 as flows through the Strait of Hormuz are unlikely to resume early, pushing markets into an…
