GBP/USD bears are on full steam while refreshing the 10-week low around 1.2550 heading into Friday’s London open. In doing so, the Cable pair respects the broad US Dollar strength ahead of the central bankers’ showdown at the annual Jackson Hole Symposium, as well as ignoring the upbeat sentiment data flashed at home. Early Friday in Asia, […]

The USD/CHF pair extends its upside for the second consecutive day above the mid-0.8800s during the Asian session on Friday. Meanwhile, the US Dollar Index (DXY) surges above the 104.20 mark supported by the higher US Treasury yields and risk-off mood in the market ahead of the key event. Philadelphia Federal Reserve (Fed) President Patrick Harker stated at […]

AUD/USD trades lower around 0.6410 during the Asian session on Friday, reversing from the weekly top. The pair experiences downward pressure due to upbeat United States (US) economic data overall, elevated US Treasury yields, and mixed sentiment around monetary policy tightening by the US Federal Reserve in the September meeting. Additionally, fading US-China optimism coupled […]

The USD/CAD pair gains some follow-through positive traction for the second successive day on Friday and climbs back closer to its highest level since May 31 touched earlier this week. Bulls now await a sustained strength and acceptance above the 1.3600 mark before placing fresh bets, though the setup warrants some caution. The US Dollar […]

USD/CHF drops to the lowest level in a week while refreshing intraday bottom around 0.8765 heading into Thursday’s European session. In doing so, the Swiss Franc (CHF) pair prints a two-day losing streak by extending the previous day’s reversal from the 50-DMA and a three-month-old descending resistance line. Not only the failure to cross the […]

The AUD/USD pair oscillates in a narrow trading range around 0.6480 heading into the early European session on Thursday. Market participants seem to prefer to wait on the sidelines ahead of the Federal Reserve (Fed) Chairman Jerome Powell’s Speech on Friday. US Business activity in August expanded at a slow pace. That said, the preliminary […]