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Currency Speculators Push Mexican Peso Bullish Bets To 168-Week High
Article By: Zachary Storella
Sunday, June 4, 2023 4:20 PM EDT
The COT currency market speculator bets were higher this week as seven out of the eleven currency markets we cover had higher positioning while the other four markets had lower speculator contracts.
In this article: BTF, FXE, FXA, FXB, FXC, FXF, FXY, UUP
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Forex And Cryptocurrency Forecast For June 5-9
Article By: Roman Butko
Sunday, June 4, 2023 2:40 PM EDT
The dollar has been rising since May 4. The DXY Index reached the 104.609 mark on the last day of spring, May 31. It hasn't soared this high since January 2023. Meanwhile, the pound has recovered all of its losses from May 12 to May 25.
In this article: FXE, FXB, FXY, UUP, BITCOMP, ETH-X
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EUR/JPY Ends The Week Lower Despite Two-Day Rally
Article By: FXStreet
Saturday, June 3, 2023 3:53 PM EDT
The EUR/JPY currency pair closed the week with gains above 149.80 on Friday as the yen weakened against its major rivals, including the pound, the US dollar, and the Australian dollar. On the other hand, the euro was gaining traction.
In this article: FXE, FXY
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Week Ahead: Australia And Canada - Hawkish Hold? US Bill Issuance Jumps
Article By: Marc Chandler
Saturday, June 3, 2023 1:20 PM EDT
The week ahead highlights include Australia and Canada central bank meetings. Even if neither hike rates, the rhetoric may turn more hawkish as officials prepare for a possible hike in Q3.
In this article: FXE, FXA, FXB, FXC, FXY, UUP
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USD/JPY Surges Above 139.50 Following US NFP Figures
Article By: FXStreet
Friday, June 2, 2023 3:00 PM EDT
The USD/JPY currency pair gained more than 60 pips on Friday, spiking to the 139.70 zone following the labor market data from the US which suggested that the Federal Reserve may reconsider a further hike. As a result, the US dollar gained traction.
In this article: FXY, UUP
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