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Share: USD dollar advanced despite lower equities and retreating US Treasury yields. US Treasury Secretary Janet Yellen said that rates might rise to prevent overheating the economy. EUR/USD is under pressure and near a critical Fibonacci support level at 1.1980. The EUR/USD pair edged marginally lower, ending the day around 1.2010 after hitting a daily low of 1.1998. The American dollar has strengthened against most of its major rivals, despite fluctuating stocks behavior. European indexes firmed up for most of the session, leading to gains in US futures, but there was a sudden U-turn ahea...

Share: The RBA maintained its monetary policy unchanged, despite noting economic improvement. Equities fell while US Treasury yields retreated, favoring the greenback. AUD/USD is gaining bearish strength and could soon retest the year low at 0.7531. The AUD/USD pair trades around the 0.7700 level after falling to 0.7674, its lowest since mid-April. The Reserve Bank of Australia had a monetary policy meeting early on Tuesday, and as widely anticipated, policymakers left rates at record lows. The central bank pledged to maintain its current supportive policy, despite the rapid economic recovery...

Share: The US economy kept growing in April but at a slower than expected pace. German Retail Sales unexpectedly rose by 11% YoY in March. EUR/USD has retained the 1.2000 threshold, but its bullish potential is limited. The EUR/USD pair trades around 1.2060, up for the day, holding near a peak at 1.2075. Markets started the week in slow motion, as China, Japan, and the UK celebrated bank holidays. Nevertheless, investors were mildly optimistic, with most European and American indexes closing in the green. Wall Street was mixed, as US data indicated growth, but missed expectations. The final ...

Share: The Reserve Bank of Australia is widely anticipated to maintain its monetary policy unchanged. Australian manufacturing output rose at a solid pace in April according to the PMIs. AUD/USD pressures daily highs amid substantial gains in equities and gold. The AUD/USD pair gapped higher at the weekly opening, extending its recovery as the day went by to as high as 0.7765, holding nearby as the day comes to an end. The Aussie benefited from a stocks comeback and resurgent gold prices. The bright metal peaked at $ 1,797.91 a troy ounce, before retreating modestly. Data wise, Australia pu...

Share: Soaring base metal prices maintained the Aussie afloat despite renewed greenback’s demand. Chinese PMIs could introduce some noise to currencies’ behavior on Friday. AUD/USD is technically neutral in the near-term, but sellers have limited chances. The AUD/USD pair heads into the Asian opening trading around 0.7770, modestly down on a daily basis. The pair peaked at 0.7817 amid the broad greenback’s weakness at the beginning of the day and following rising equities. The pair retreated as speculative interest turned into the American currency on Wall Street’s decline but held on...