Haresh Menghani

The Japanese Yen turns higher against a broadly weaker USD following an early Asian session slide. Hopes for an eventual US-Japan trade deal, BoJ rate hike bets and geopolitical risks underpin the JPY. US fiscal concerns and dovish Fed expectations […]

The USD continues with its struggle to gain any meaningful traction on Tuesday. Bets for more interest rate cuts by the Fed keep the USD bulls on the defensive. Easing US recession fears holds back the USD bears from placing

Gold price meets with a fresh selling pressure and erodes a part of Thursday’s recovery gains. The US-China trade deal optimism continues to act as a headwind for the safe-haven commodity. Fed rate cut bets keep the USD depressed and

The Japanese Yen remains on the front foot against a softer USD for the third straight day. Bets that the BoJ will hike rates again and a weaker risk tone underpin the safe-haven JPY. The emergence of fresh USD selling

The Japanese Yen strengthens against the USD for the second straight day on Wednesday. The prospects for further policy normalization by the BoJ continue to underpin the JPY. Softer US CPI lifts bets for two Fed rate cuts in 2025,

The USD regains positive traction following Friday’s modest downtick and jumps to over a one-month high. The US-China trade deal optimism eases recession fears and boosts the USD amid the Fed’s hawkish pause. The benchmark 10-year US Treasury yield touches

GBP/USD attracts some sellers as the US-China trade deal eases US recession fears and boosts the USD. The US-UK trade agreement and the BoE’s cautious tone support the GBP and limit losses for the major. Traders now look forward to

EUR/GBP holds steady above a multi-week low touched the previous day. BoE’s hawkish stance continues to underpin the GBP and cap spot prices. Monday’s upbeat UK/Eurozone PMIs contribute to subdued price action. The EUR/GBP cross oscillates in a narrow trading

The Japanese Yen drifts lower against the USD for the third successive day on Monday. Weaker Japanese PMIs and a positive risk tone seem to weigh on the safe-haven JPY.  The divergent BoJ-Fed policy expectations could cap any further gains

USD/CAD struggles to gain any meaningful traction on Monday amid mixed cues. Fed rate cut bets prompt some USD selling and act as a headwind for the major. Softer Oil prices and Canadian politics undermine the Loonie and lend support.