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USD/JPY hits six day lows under 114.00

Japanese yen among top performers as US yields remain steady. DXY down for the day but off lows. USD/JPY heads for lowest daily close in a month. The USD/JPY dropped further during the American session and bottomed at 113.95, the lowest level in six days. The move lower took place amid a stronger Japanese yen across the board and despite higher equity prices in Wall Street.
CURRENCIES
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FXStreet.com

USD/INR Price News: Indian rupee rebounds further to test 21-DMA

USD/INR falls for the second straight day, as bulls fail to resist above 100-DMA. The spot clings to 21-DMA support amid a broad US dollar weakness. A pullback in WTI price also helps comfort the INR bulls. USD/INR remains on the defensive for the second day in a row this...
MARKETS
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FXStreet.com

Breaking: GBP/USD rises towards 1.3650 as UK annualized CPI beats estimates with 5.4% in Dec

UK CPI rises by 5.4% YoY in December vs. +5.2% expected. Monthly UK CPI arrives at +0.5% in December vs. +0.3% expected. GBP/USD edges higher above 1.3600 upbeat UK CPIs. The UK Consumer Prices Index (CPI) 12-month rate came in at 5.4% in December when compared to +5.1% registered in November while beating expectations of a +5.2% print, the UK Office for National Statistics (ONS) reported on Wednesday.
BUSINESS
Picture for Breaking: GBP/USD rises towards 1.3650 as UK annualized CPI beats estimates with 5.4% in Dec
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FXStreet.com

USD/JPY extends rebound above 114.50 on a quiet session

DXY turns positive and rises for the second day in a row. Holiday in the US to favor consolidation in USD/JPY. Bank of Japan to announce decision on Tuesday. The USD/JPY is rising on Monday, trading above 114.50, supported by a stronger US Dollar gains G10 currencies. The pair is having the best day since early January as it continues to recover from the monthly low it reached on Friday at 113.45.
CURRENCIES
FXStreet.com

USD/CAD testing bullish commitments at 200-DMA ahead of US Retail Sales

USD/CAD stalls rebound from two-month lows of 1.2453 amid DXY weakness. The retreat in WTI prices fails to deter CAD bulls ahead of key US Retail Sales. The pair clings onto the 200-DMA, bears await acceptance below that support. USD/CAD is battling 1.2500, unable to sustain the recovery rally from...
RETAIL
FXStreet.com

EUR/USD finds support at 1.1445, the dollar remains weak

EUR/USD drops to 1.1445, only to rebound back to 1.1470. US dollar remains under pressure amid risk appetite. The EUR/USD dropped from two-month lows at 1.1481 to 1.1445, during the American session. The recovery of the dollar was short-live and the pair is back above 1.1465, looking at recent tops.
CURRENCIES
FXStreet.com

NZD/USD surges to highest in two weeks, eyes 0.6850

Kiwi benefits from risk appetite and lower US yields. DXY tumbles despite inflation hitting the highest in decades in the US. NZD/USD having the best day in weeks. The NZD/USD is having the best day in weeks on Wednesday, supported by a broad-based slide in the US dollar. The pair trades at 0.6840, the highest since January 3 as the DXY tumbles 0.47%, to its lowest in more than a month.
BUSINESS
FXStreet.com

Pound Sterling Price News and Forecast: GBP/USD breaks the 1.3600 threshold as Fed's Powell testifies at the US Senate

GBP/USD breaks the 1.3600 threshold as Fed's Powell testifies at the US Senate. During the New York session, the GBP/USD climbs above the psychological 1.3600 figure, trading at 1.3618 at the time of writing. The market sentiment shifted from a risk-on mood to mixed as the Federal Reserve Chairman Jerome Powell testifies against the US Senate Banking Committee on his re-nomination to head the US central bank. Read more...
CURRENCIES
FXStreet.com

GBP/USD extends correction to the 1.3530 zone

US dollar gains momentum as market sentiment deteriorates. DXY up 0.40%, US 10-year yields back at 1.80%. GBP/USD is still bullish but facing strong resistance at 1.3600. The GBP/USD dropped further from above 1.3600 and printed a fresh daily low at 1.3531. It remains near the lows, under pressure amid a stronger US dollar across the board.
MARKETS
FXStreet.com

USD/CAD Price Analysis: Falling wedge breakout calls for a test of 1.2850

USD/CAD rises to the highest levels in six days above 1.2800. The US dollar’s strength remains unabated amid hawkish Fed outlook. The pair charted a falling wedge on the daily sticks, more room to rise. USD/CAD is building onto Wednesday’s rebound, accelerating the advances above 1.2800 ahead of the...
CURRENCIES
FXStreet.com

EUR/GBP Price Analysis: Rebounds to 0.8350 but not out of the woods yet

EUR/GBP snaps the downbeat momentum, rebounds from two-year lows. The cross clings to the critical daily support line at 0.8341. RSI sits above the oversold region, keeping sellers hopeful. EUR/GBP is attempting a bounce heading into the European session, having hit a new two-year low of 0.8335 in the Asian...
MARKETS
FXStreet.com

GBP/USD Price Analysis: Bulls flirt with 100-day SMA ahead of US ADP/FOMC minutes

GBP/USD gained traction for the second successive day on Wednesday. Bulls, however, struggled to make it through the 100-day SMA barrier. The technical setup supports prospects for additional near-term gains. The GBP/USD pair edged higher for the second successive day on Wednesday and maintained its bid tone through the mid-European...
CURRENCIES
FXStreet.com

Pound Sterling Price News and Forecast GBP/USD: FOMC minutes kick-start a bearish storm

GBP/USD Price Analysis: FOMC minutes kick-start a bearish storm. GBP/USD was hit hard on the back of the Federal Open market Committee minutes today resulting in a quick drop into an area that might be expected to act as support. The following is an analysis that illustrates the price action and potential outcomes from both a bullish and bearish standpoint. The price action would be expected to result in an onwards move to the upside from support. However, as illustrated below, the recent sell-off has left a strong bearish candle close and a subsequent additional bearish open in the current candle. This opens the prospects of a downside continuation below support and into buy stop territory. Read more...
CURRENCIES
FXStreet.com

AUD/USD rises further to the 0.7270 area ahead of FOMC minutes

Aussei extends gains versus US dollar on American hours despite upbeat US data. DXY drops 0.30%, US yields modestly higher, below Tuesday’s highs. FOMC minutes to be released at 19:00 GMT. The AUD/USD pair gained momentum during the American session and climbed to 0.7268, reaching the highest level since...
CURRENCIES
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