Yen, Greenback, Loonie & Kiwi

Stuart Cowell HFM

Yen, Greenback, Loonie & Kiwi – USDCAD clawed out a four-week peak at 1.2730. The relative strength of the U.S. jobs report and trade data relative to Canada’s last week, coupled with a pause in the nascent up trend in oil prices, have been keeping USDCAD underpinned. the New Zealand dollar has taken a hit following dovish guidance from the RBNZ policymakers in the wake of its expected decision to leave its cash rate at 1.75%. While the Kiwi central bank’s SMP wasn’t as dovish as markets had anticipated, RBNZ’s McDermott subsequently advised markets to recognise policymakers’ discomfort with the recent appreciation of the NZ dollar.The yen meanwhile, steadied off its highs, having been aided lower by remarks from U.S. Secretary of State Tillerson, who said that Americans should have “no concerns” over Trump’s rhetoric.

Author

Stuart Cowell

HFM

With over 25 years experience working for a host of globally recognized organisations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what is probable and understanding how the news, c

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.