Japanese Yen: Remains vulnerable against US Dollar - UOB UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY consolidating near 159.25 after Monday’s sharp rise, with intraday trade expected between 158.95 and 159.60. While momentum is strong, deeply overbought conditions
UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY consolidating near 159.25 after Monday’s sharp rise, with intraday trade expected between 158.95 and 159.60. While momentum is strong, deeply overbought conditions limit upside beyond 159.60 Over the next 1–3 week
Investors await US inflation figures that could influence Federal Reserve rate cut expectations and dollar strength. The Swiss Franc weakened against the US Dollar on Wednesday, with USD/CHF trading 0.17% higher at 0.8125. The move comes as markets focus on upcoming US Con
Societe Generale notes USD/MXN downside pressure persists as the pair struggles below its 200-day moving average. The Mexican Peso resumed its bullish trend against the US Dollar after USD/MXN failed to break above its 200-day moving average. Downside momentum remains inta
XAG/USD climbs toward key resistance as markets await July inflation figures to gauge Fed policy moves. Silver prices advanced to $66.00 in European trading, extending gains after rebounding from $64.20 support. The metal remains on an upward trajectory from August lows ne
Societe Generale notes USD/MXN failed to breach its 200-day moving average, targeting support levels at 16.65 and 16.25. The Mexican Peso resumed its downtrend against the US Dollar as USD/MXN struggled to clear its 200-day moving average. The pair is testing the lower end
US Dollar Index traders await inflation figures to gauge Fed policy direction and potential breakout above key resistance levels. The US Dollar Index (DXY) remains below the 100.00 mark, trading with a modest positive bias for a third consecutive session. Investors are awa
Dow Jones futures trade flat near 53,890 as investors await US consumer price index data for July. Dow Jones futures remained unchanged at 53,890 during European trading hours Wednesday, reflecting cautious sentiment ahead of the US consumer price index release. The data i
Brazilian real declines as President Lula’s widening lead in polls and a bank’s equity downgrade offset strong carry trade demand. The Brazilian real (BRL) underperformed in a supportive carry trade environment after a bank downgraded Brazilian equities to neutral and a ne
Markets focus on today’s US Core CPI report, expected at 0.2% M/M, to gauge Fed rate hike odds for September. The US dollar regained ground after a softer-than-expected nonfarm payrolls report, with September rate hike probabilities climbing back to 50%. A drop in governme
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