Haresh Menghani

The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes. The Japanese Yen […]

Gold price trades with a negative bias for the fifth straight day amid smaller Fed rate cut bets.  A modest USD downtick, along with geopolitical risks, could offer support to the XAU/USD.  Traders look to the FOMC minutes and the

The Japanese Yen stalls the overnight recovery from a nearly two-month trough against the USD.  The BoJ rate hike uncertainty caps gains for the JPY and lends some support to the USD/JPY pair.  Geopolitical tensions could benefit the safe-haven JPY

Silver retreats further from its highest level since December 2012 touched on Friday. The recent repeated failures to find acceptance above $32.00 warrant caution for bulls. Any further slide to $31.65 could be seen as a buying opportunity and remain

Gold price remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and also contributes to capping the XAU/USD.  Geopolitical risks might continue to act as a

USD/JPY retreats after touching its highest level since August 16 amid intervention fears.  Reduced bets for more BoJ rate hikes and an oversized Fed rate cut should lend support. Any meaningful corrective slide could be seen as a buying opportunity

EUR/JPY attracts some sellers on Friday and reverses a part of its recent gains to the weekly top. A combination of factors revives the JPY demand and exerts downward pressure on the cross.  Dovish ECB bets contribute to the fall,

EUR/USD lacks firm direction as traders await Eurozone inflation data before placing fresh bets.  Fed Chair Jerome Powell’s hawkish remarks on Monday underpins the USD and caps the major. Bets for more rate cuts by the ECB contribute to keeping

EUR/JPY plummets around 450 pips intraday and is pressured by a combination of factors. Ishiba wins the LDP presidential election to become Japan’s Prime Minister and boosts the JPY.  Sofer French, and Spanish CPI prints weigh on the Euro and

GBP/USD attracts some sellers on Friday and is pressured by a modest USD strength. Bets for another oversized Fed rate cut in November should cap gains for the buck. A relatively hawkish BoE expectations should contribute to limiting losses for