Friday, August 12, 2022

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NZD/USD meanders around 0.6820s ahead of Fed minutes

The NZD/USD edges higher in the North American session, up 0.31%. US ADP National Employment Report showed that the US economy added 807K, new private jobs. NZD/USD has a downward bias, though upside risks...

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USD/CHF recovers further from monthly low, steadily climbs back closer to mid-0.9700s

USD/CHF stage modest recovery from a fresh monthly low touched earlier this Friday. The risk-on impulse undermined the safe-haven CHF and acted as a...

Fed: Biden considering former Fed governor Raskin for vice chair of supervision role – WSJ

According to an article published by the Wall Street Journal (WSJ), US President Joe Biden is considering nominating former Fed board of governors member and...

USD/CHF remains well support above 0.9300, close to weekly peak and eyeing test of H2 2021 highs

USD/CHF has remained well supported above 0.9300, shrugging off strong Swiss data and unreactive to the latest US data dump. The pair is trading...

GameStop Stock Split Day: GME begins trading down 3.8%

GameStop stock fell on Thursday as the meme stock rally stalls. GME stock split takes place on Friday. GME is expected to rally based...

EUR/USD holds steady above 1.1300 as euro’s defensive qualities shield it from broader market sell-off

EUR/USD held up well on Monday, recovering from an earlier dip under 1.1300 after key support held. Traders should be prepared for a potential...

USD/JPY steady above 115.00 awaits Japanese employment data

The USD/JPY pair begin on the wrong foot in the Asian session. Unchanged US T-bond yields boosted the Japanese yen, the USD fell. USD/JPY...

GBP/USD Price Analysis: Failure at 1.3430 opens the door for a further downfall, towards 1.3200

GBP/USD reclaims the 1.3400, as it recovers from three-days previous losses. A weaker US dollar boosts the British pound, despite BoE dovishness in its...

Forex Today: Risk flows dominate the scene

What you need to take care of on Wednesday, June 1: The day will start with Australia releasing the Q1 Gross Domestic Product and the...

GBP/USD rallies and approaches 1.3100 on high UK-US inflation data

US prices paid by consumers and producers continue rising, further cementing the need for a 50 bps Federal Reserve hike. UK Inflation Rate at...