FxJohnson

FxJohnson

EUR/USD holds lower ground near 1.0550 in European trading on Wednesday. The US Dollar resurgence alongside the US Treasury bond yields higher weighs on the pair. Meanwhile, ECB reported Negotiated Wage Rates rose 5.42% in Q3 but this data failed to support the euro.

FxJohnson

Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal.

FxJohnson

The Japanese Yen continues losing ground amid the BoJ rate-hike uncertainty. The bullish USD contributes to the USD/JPY pair’s move-up to a multi-month top. The JPY bears shrug off the possibility of an intervention by Japanese authorities.

FxJohnson

EUR/USD is accelerating its decline toward 1.0500 in the European session on Thursday, refreshing yearly lows. The Trump trades-driven unabated US Dollar demand and German political instability weigh on the pair. Traders await EU GDP data and US PPI report ahead of Fed Chair Powell's speech.

FxJohnson

Gold price touches its lowest level since September 19, around $2,550 area during the early part of the European session on Thursday. The US Dollar buying remains unabated in the wake of optimism over the expected expansionary policies by US President-elect Donald Trump.

FxJohnson

Following the early breakdown of the key $2,600 mark, prices of Gold now manages to regain some composure and reclaim the $2,600 level and beyond amidst the persistent move higher in the US Dollar and the rebound in US yields.

FxJohnson

Bitcoin price hit a new all-time high of $76,825 on Thursday, November 7, and continued to consolidate above the $76,000 level on Friday. On-chain data trends show unusually high demand for BTC among US-based traders on Coinbase over the past two weeks.

FxJohnson

EUR/USD drops below 1.0700 in European trading on Monday. The pair is weighed down by the German political risks and extended US Dollar strength, as traders brace for the key US inflation data later this week. US holiday-led thin trading is likely to extend.

FxJohnson

GBP/USD builds its recovery momentum above 1.2900 in European trading on Thursday, moving away from its lowest level since mid-August. Traders adjust their positions ahead of the key BoE and Fed monetary policy announcements.

FxJohnson

The Japanese Yen depreciated following the release of Manufacturing PMI on Friday. The headline Jibun Bank Japan Manufacturing PMI registered at 49.2 in October, reflecting a decrease from 49.7 in September. US Nonfarm Payrolls are expected to increase by 113,000 jobs in October, a decline from the previous count of 254,000.

FxJohnson

USD/JPY could not sustain the earlier bull run to the 153.00 region, succumbing to the prevailing BoJ-induced appreciation of the Japanese yen and thus returning to the 152.30-152.40 band amidst lower US yields across the curve ahead of Friday's US NFP.

FxJohnson

The US Dollar manages to rebound from earlier lows, prompting EUR/USD to surrender part of its initial advance to the vicinity of the 1.0900 region as investors shigt their attention to the upcoming critical US labour market report on Friday.

FxJohnson

Gold pulls away from the all-time-high it set near $2,790 earlier in the day and trades at around $2,780. With the US Dollar struggling to find demand after mixed macroeconomic data releases, however, XAU/USD's downside remains limited.

FxJohnson

1.3000 GBP/USD trades marginally higher but remains below 1.3000 on Tuesday. The weaker-than-forecast JOLTS Job Openings data from the US limits the US Dollar's (USD) strength but the cautious market stance doesn't allow the pair to gather bullish momentum.

FxJohnson

The US Dollar has resumed its upside trend and is testing mid-term highs at 153.90. The uncertain political and monetary scenario in Japan is hammering the Yen. The broader bias is positive but a bearish divergence warns of a potential correction.

FxJohnson

EUR/USD preserves its recovery momentum and trades in positive territory above 1.0800 on Monday. In the absence of high-tier data releases, the improving risk mood makes it difficult for the US Dollar to find demand and helps the pair edge higher.

FxJohnson

Gold holds on to modest intraday gains but trades below Friday’s close and within familiar levels. XAU/USD daily chart shows moving averages keep heading north far below the current level, with the 20 Simple Moving Average (SMA) accelerating higher, in line with buyers’ dominance. Technical indicators, on the contrary, offer neutral-to-bearish slopes holding...

FxJohnson

Gold price meets with some supply on Friday and erodes a part of the previous day's gains amid the emergence of US Dollar (USD) dip-buying, bolstered by expectations for a less aggressive policy easing by the Federal Reserve.