Forex Market

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

The USD/CHF pair hit its highest level in nearly two weeks on Tuesday as the Swiss franc lost its safe-haven shine despite further downside in US (and global) equities and ongoing Italian political uncertainty. The pair broke to the north of its 200 and 21-day moving averages in the 0.9160 …

The AUD/USD pair is stable in the 0.7140 area on Tuesday after Monday’s brief dip below 0.7100. Hotter than expected Australian CPI data is helping shield AUD from further risk appetite-related losses as US equities slide.After coming within a fraction of hitting the December 20 lows just above 0.7080 on …

The USD/CAD pair has dropped back from earlier session highs in the 1.2660s to the 1.2640 area, to put it back to trading with Asia Pacific 1.2620-1.2650ish trading ranges. The Canadian dollar and other risk-sensitive currencies remain highly sensitive to US equity market volatility. Major US indices have been taking …

A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again. Prices remain volatile in metals, stocks and bonds. The spike in gold …

Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …

At the time of writing, WTI picks up bids towards $84.00, extending the late Monday’s recovery during the initial Asian session on Tuesday. The oil benchmark’s latest recovery takes clues from a bullish Doji candlestick and Momentum line. Oil prices fell about 2% on Monday, hit by investor concerns over …

The AUD/USD has held onto the corrective pullback from more than a month’s low around 0.7140, after two successive trading days of risk aversion.The recovery moves could be linked to the consolidation of losses by the risk-sensitive assets while the Aussie pair particularly awaits key inflation data during early Tuesday …

Markets were hit by a wave of risk aversion on Monday, benefitting the safe-havens and hurting the risk-sensitive currencies, though the latter group had pared back on much of their earlier underperformance by the end of US trade as risk appetite recovered.Market commentators said that geopolitical concerns about the rising …

In the New York session, the British pound slides against the safe-haven status of the Japanese yen. The GBP/JPY is trading at 153.64, down 0.27% and the GBP/JPY began in the right foot in the overnight session, though subdued around the daily highs at 154.50. Nevertheless, as the market mood …