USD/JPY: Pressure Lower Boundary of Near-Term Range Ahead of Tariff Announcement

AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance on Tuesday may offer a relief for the AUD/USD. The recent 6.6% decline in the AUD/USD has almost reached an extreme […]

The USD/CHF pair tested its yearly low slightly below 0.84100 yesterday but has since recovered to just above 0.84800 today. The bullish sentiment was supported by positive news about the U.S. economy—data released yesterday showed GDP growth for the second quarter at 3.0%, surpassing the expected 2.8%. Bulls may find further encouragement from events earlier […]

Markets In the absence of important eco data and no new market moving political developments (in France or elsewhere), European market enjoyed a brief pauze after recent swings. European traders simply joined the countdown to the US payrolls which, alongside the November CPI data scheduled for next week, were supposed to provide last key input […]