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EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top
EUR/JPY depreciates after two days of gains, trading around 187.20 during the Asian hours on Thursday. The currency cross is maintaining a bullish near-term bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs).
AUD/USD Price Forecast: Struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turns lower following a modest Asian session uptick to the 0.6965 region on Thursday amid the emergence of some US Dollar (USD) dip-buying.
Japanese Yen softens after Fed leaves rates on hold
The USD/JPY pair posts modest gains near 163.50 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) on a hawkish hold from the US Federal Reserve (Fed).
Japan’s Katayama says official proposed no ceiling on next year’s budget requests
Japan's Finance Minister Satsuki Katayama said that officials proposed no ceiling on next year’s budget requests.
New Zealand Dollar rises as ANZ Business Outlook Index jumps in July
NZD/USD extends its gains for the third consecutive day, trading around 0.5810 during the Asian hours on Thursday. The currency pair climbs higher as the New Zealand Dollar (NZD) receives support from a sharp rise in domestic business confidence.
Canadian Dollar consolidates as Mideast crisis supports oil and USD ahead of US data
The USD/CAD pair is seen consolidating below mid-1.4000s during the Asian session on Thursday, though it remains close to an over one-week trough touched the previous day.
Australia Building Permits (YoY): 8.9% (June) vs 5.3%
Australia Building Permits (YoY): 8.9% (June) vs 5.3%
Australia Export Price Index (QoQ) increased to 1.1% in 2Q from previous 0.5%
Australia Export Price Index (QoQ) increased to 1.1% in 2Q from previous 0.5%
Australia Import Price Index (QoQ) came in at 5.7%, above expectations (0%) in 2Q
Australia Import Price Index (QoQ) came in at 5.7%, above expectations (0%) in 2Q
Australia Building Permits (MoM) above expectations (-1.5%) in June: Actual (7.2%)
Australia Building Permits (MoM) above expectations (-1.5%) in June: Actual (7.2%)
Australian Dollar gains despite cooling domestic Inflation, hawkish Fed hold
AUD/USD inches higher after two days of losses, trading around 0.6960 during the Asian hours on Thursday. The currency pair may face potential downside pressure as the US Dollar (USD) could gain strength following a hawkish interest rate pause by the Federal Reserve (Fed).
PBOC sets USD/CNY reference rate at 6.7892 vs. 6.7899 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7892 compared to the previous day's fix of 6.7899.
British Pound retreats from weekly high vs firmer USD as focus shifts to BoE, US data
The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday.