Buyers defend 100-day SMA after intervention-driven volatility

Buyers defend 100-day SMA after intervention-driven volatility

USD/JPY trades with a mild upside bias on Wednesday as the Japanese Yen (JPY) remains under pressure from a stronger US Dollar (USD) and rising Oil prices linked to the Middle East war, given Japan’s heavy reliance on imported energy. At the time of writing, USD/JPY is trading around 157.87, up for a third consecutive […]

Trading mildly softer against US Dollar – Scotiabank

Trading mildly softer against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty. Euro area GDP and industrial production met or slightly missed expectations, while French unemployment rose above 8%. They note spread support loss has stabilized, […]

Euro struggles around 1.1700 with US PPI, Trump-Xi meeting on tap 

Euro struggles around 1.1700 with US PPI, Trump-Xi meeting on tap 

The Euro (EUR) has bounced up to levels above 1.1700 against the Dollar (USD) but remains nearly 0.6% below Tuesday’s high at 1.1787, as the US Dollar is supported by hot inflation figures on Wednesday. In Europe, data released earlier on the day has failed to boost the Euro, and the focus is now on […]