The USD/JPY pair is holding onto daily losses and trading under 115.00 on Monday’s American session. The pair bottomed at 114.79, slightly above last week low. The dollars ix mixed while the yen is mostly higher across the board.The Japanese yen is among the top performers on Monday, rising at …
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Gold hit fresh multi-month highs near the $1,910 on Monday but has since dropped back under the $1,900 handle. Geopolitics remains the wildcard that could stoke surprise volatility in either a bullish or bearish direction. The Russian ruble has been coming under significant pressure on Monday, indicative of rising fears …
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The Turkish lira has added to its Friday’s losses and lifts USD/TRY pair to the upper end of the recent range near 13.70 on Monday.The USD/TRY pair flirts with the area of recent highs near 13.70 despite the renewed offered stance in the greenback and amidst the broad-based upbeat mood …
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The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows. The bloc’s Services PMI …
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Gold fell on Monday after hitting its highest level in more than eight months, as demand for safe havens waned after the US and Russian presidents announced their intention to hold a summit on the Ukraine crisis, and the metal came under further pressure from an expected interest rate hike …
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The safe-haven Japanese yen weakened on Friday and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The euro rose as the dollar weakened. The yen and the Swiss franc, a …
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During Friday’s session, the precious metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.Brent crude futures settled 57 cents, or 0.6%, higher at USD 93.54 a barrel, while American WTI crude ended …
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AUD/USD was unable to hold to the north of the 0.7200 level for a third successive trading session, despite solid jobs data earlier in the week keeping calls for RBA monetary tightening this year.At current levels in the 0.7170s, AUD/USD is trading a touch lower on the day, though still …
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Gold and the USD Indexes reacted energetically to the concerns raised by Eastern Europe’s tensions. However, only the US dollar can stay cool about its medium-term future.Geopolitical tensions uplift gold, silver and mining stocks, they are in rally mode each and every minute a doom-and-gloom headline surface. However, while the …
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GBP/USD tried but was unable to break above its 1.3500-1.3650ish range that has prevailed for most of February. The pair fell back under 1.3600 in the US session as geopolitical angst remains elevated. That kept USD in demand and negated pushback against a 50bps March rate hike from Fed’s Williams.The …
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