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USD/CAD Price Forecast: Tests 50-day EMA barrier amid potential bullish breakout
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.3910 during Asian hours on Tuesday.
Indian Rupee extends its downfall due to surging US Treasury Yields
The Indian Rupee (INR) extends its previous week’s downfall against the US Dollar (USD) on Tuesday, with the USD/INR rising above 95.90. The pair declined a little over 1% last week due to rising United States (US) Treasury Yields and elevated oil prices.
AUD/JPY Price Forecast: Flatlines above 110.00, bearish outlook persists
The AUD/JPY cross trades on a flat note around 110.20 during the early European trading hours on Tuesday. Markets might turn cautious ahead of the Bank of Japan (BoJ) interest rate decision later on Friday.Â
Japan Tertiary Industry Index (MoM) came in at 0.4%, above forecasts (0.3%) in July
Japan Tertiary Industry Index (MoM) came in at 0.4%, above forecasts (0.3%) in July
Indonesian Rupiah weakens amid stronger US Dollar, higher oil prices
Indonesian rupiah weakened as rising oil prices raised inflation fears and threatened the net oil importer's fiscal position.
Japanese Yen sticks to losses against bullish USD as traders await Fed, BoJ meetings loom
The USD/JPY pair sticks to a positive bias for the second straight day and trades above mid-154.00s during the Asian session on Tuesday amid a broadly firmer US Dollar (USD). Spot prices, however, lack bullish conviction as traders seem hesitant ahead of this week's key central bank events.
EUR/JPY Price Forecast: Hovers around 178.50 within oversold territory
EUR/JPY gains ground for the second consecutive day, trading around 178.70 during Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling an ongoing bearish bias.
Swiss Franc remains under pressure against US Dollar, Fed’s policy in focus
The Swiss Franc (CHF) is down against the US Dollar (USD) on Tuesday, with the USD/CHF pair trading slightly higher at around 0.8178 in the Asian session.
South Korea Money Supply Growth down to 8% in July from previous 9.4%
South Korea Money Supply Growth down to 8% in July from previous 9.4%
New Zealand Dollar remains subdued following release of China’s economic data
NZD/USD extends its losses for the second successive day, trading around 0.5760 during Asian hours on Tuesday. The pair remains as the New Zealand Dollar (NZD) holds losses following the release of key economic data from China, New Zealand’s close trading partner.
Australian Dollar remains depressed below mid-0.7100s vs bullish USD after Chinese data
The AUD/USD pair struggles to capitalize on the previous day's modest bounce from the 0.7100 neighborhood, or an over three-week low, and trades with a negative bias for the second straight day on Tuesday.
China’s Retail Sales rise 0.4% in August, Industrial Production up 5.2%
China’s Retail Sales rose 0.4% year-over-year (YoY) in August vs. a rise of 0.8% expected and a 0.6% growth in July, the latest data released by the National Bureau of Statistics (NBS) showed Tuesday.
China Fixed Asset Investment (YTD) (YoY) in line with expectations (-7.2%) in August
China Fixed Asset Investment (YTD) (YoY) in line with expectations (-7.2%) in August