The US Dollar (USD) trades sideways after it continued where it left off Friday evening at the US closing bell. The Greenback-favored sentiment this Monday is built on the once again disappointing numbers out of China. With Country Garden, an even bigger real estate developer than Evergrande, on the brink of collapse, Chinese loan data pointed […]

USD/JPY bulls take a breather at the highest level in a year as market players seek more clues to defend the Yen pair’s early-day run-up towards refreshing the Year-To-Date (YTD) peak amid the initial hour of Monday’s European session. In doing so, the Yen pair also justifies the Bank of Japan’s (BoJ) bond market moves, as […]

USD/CHF stays defensive around 0.8770 heading into Monday’s European session as it edges higher past 200-SMA within a fortnight-old symmetrical triangle. In doing so, the Swiss Franc (CHF) pair struggles to justify the US Dollar’s strength amid the risk-off mood, as well as backed by the firmer Treasury bond yields. It’s worth noting that the […]

The AUD/USD pair continues losing ground for the fifth successive day and drops to a fresh low since November 2022, closer to mid-0.6400s during the Asian session on Monday. The worsening economic conditions in China, along with US-China tensions and geopolitical risks, temper investors’ appetite for riskier assets and drive flows away from the risk-sensitive Australian Dollar […]

The USD/CAD pair edges lower on the last day of the week and remains on the defensive through the early European session, though lacks follow-through selling. Spot prices currently trade around the 1.3435 region, down less than 0.10% for the day, and seem poised to build on the recent goodish recovery move from the YTD […]

The Pound Sterling (GBP) seems to be grabbing a Currency of the Week tag as the United Kingdom’s factory data for June and the April-June Gross Domestic Product (GDP) grew stronger than expectations. The GBP/USD pair rebounds sharply, defending the sour market sentiment due to outperformance in factory activities. Upbeat United Kingdom factory data demonstrate optimism among […]

The GBP/JPY cross climbs to a four-day high on Tuesday, albeit struggles to capitalize on the momentum and fails ahead of the 183.00 round-figure mark. Spot prices erase a major part of the intraday gains and retreat to the 182.35-182.30 region during the early part of the European session. Data released earlier today showed that […]