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The upbeat mood around US yields motivates sellers to remain in control around the Japanese yen and pushes EUR/JPY to the vicinity of the 131.00 level

4/28/2021 1:32:36 PM GMT | By Pablo Piovano EUR/JPY clinches fresh YTD highs near 131.70. Higher US yields keep the yen offered so far. The FOMC is expected to leave policy unchanged. The determined selling pressure in the Japanese yen continues to fuel the upside in EUR/JPY, this time to new 2021 highs in the 131.65/70 band. EUR/JPY focused on the FOMC EUR/JPY extends the weekly advance for the fourth consecutive session, although it comes under some se...

4/27/2021 10:35:39 AM GMT | By Pablo Piovano EUR/SEK reverses Monday’s pullback and tests 10.15. The Riksbank left the policy rate unchanged at 0.00%. Swedish jobless rate ticked higher to 10.0% in March. The Swedish krona trades on the defensive and pushes EUR/SEK to fresh daily highs in the 10.15 region on turnaround Tuesday. EUR/SEK bid post-steady Riksbank EUR/SEK extends the choppy performance above the 10.10 region following the Riksbank decision...

Arizona GOP Chairwoman Kelli Ward Delivers Update on Maricopa County Forensic Audit The Arizona Republican Party Chairwoman Kelli Ward gave an update Saturday on the ongoing Maricopa County forensic audit of 2020 ballots and Dominion voting machines. The Pro-Trump chair is the RIGHT PERSON for the job as party leader in Arizona. Kelli Ward spoke about how Democrats went to court on Friday in their latest attempt to shut down the ballot audit. In a disgusting move, the Democrats accused Rep...

4/26/2021 9:02:09 AM GMT | By Haresh Menghani EUR/GBP witnessed some selling on Monday and snapped four days of the winning streak. Upbeat UK economic outlook contributed to the British pound’s relative outperformance. Softer German IFO survey results weighed on the euro and added to the intraday selling. The EUR/GBP cross quickly recovered around 20 pips from the early European session lows and was last seen trading with only modest losses, near the 0....

4/26/2021 9:39:22 AM GMT | By Pablo Piovano UOB Group’s FX Strategists note further weakness in USD/CNH is expected to meet solid contention around 6.4700. Key Quotes 24-hour view: “USD traded between 6.4857 and 6.7988 last Friday, narrower than our expected sideway-trading range of 6.4830/6.5030. Downward momentum has improved somewhat but the major support at 6.4700 is unlikely to come into the picture (6.4800 is already quite a strong level). On t...

4/23/2021 11:41:46 AM GMT | By Pablo Piovano USD/RUB loses further ground and breaks below 75.00. The Russian central bank (CBR) hiked rates by 50 bps. The CBR said inflationary pressures remain high. The Russian ruble extends the upside momentum and drags USD/RUB to fresh multi-week lows in the sub-75.00 area on Friday. USD/RUB weaker on hawkish CBR USD/USD trades on the defensive for the third consecutive session at the end of the week. Spot saw its de...

USD/CNH could drop to the 6.4700 area on a break below 6.4850, said FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we highlighted t

4/19/2021 7:57:49 AM GMT | By Pablo Piovano Extra weakness in Key Quotes 24-hour view: “Last Friday, we noted that ‘the current movement is viewed as part of a consolidation and USD is likely to trade between 6.5200 and 6.5400’. Our view was not wrong even though USD traded within a narrower range than expected (6.5208/1.6367). Neutral momentum indicators suggest that USD could continue to consolidate, expected to be within a 6.5210/6.5410 range.�...

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