Japanese Yen outperforms its peers amid speculation of fresh US-Japan intervention

Japanese Yen outperforms its peers amid speculation of fresh US-Japan intervention

The Japanese Yen (JPY) trades sharply higher against its major currency peers during the European trading session on Monday. The Japanese currency is up 0.6% at around 211.00 against the British Pound (GBP) even after giving back a majority of its early gains amid fears that the United States (US) and Japan could jointly intervene […]

Gains traction above 1.1500, while remaining constrained below 100-day SMA

Gains traction above 1.1500, while remaining constrained below 100-day SMA

The EUR/USD pair trades in positive territory near 1.1535 during the early European trading hours on Monday, bolstered by improved risk sentiment. The Euro (EUR) edges higher against the US Dollar (USD) after reports that US President Donald Trump had called off an attack on Iran and talks between the two sides would happen on Monday. Traders […]

New Zealand holds gains near 0.5900 despite weaker China PMI data

New Zealand holds gains near 0.5900 despite weaker China PMI data

The NZD/USD pair holds positive ground near 0.5890 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains firm despite the downbeat Chinese economic data. Traders will closely monitor the developments surrounding the US-Iran peace talks and await the release of the US ISM Manufacturing PMI data, which is due later on […]