SINGAPORE (Reuters) – Australia, Britain, Malaysia, New Zealand and Singapore have agreed to stage more complex military drills in the region this year involving drones, fifth-generation fighter planes and surveillance aircraft. The announcement on Friday by defence ministers from members of the 53-year old Five Power Defence Arrangement (FPDA) on the sidelines of the Shangri-La…
I spy with my eye a potential support area for USD/CHF! In case you missed it, the pair recently tumbled following the release of mid-tier U.S. economic data supporting a Fed rate hike as soon as this year. Of course, it didn’t hurt CHF that Switzerland also dropped a better-than-expected GDP report AND that Swiss…
NZDUSD Price Analysis Expected ScenarioThe NZDUSD price shows bullish bias to test the EMA50, waiting to resume the negative trades to visit 0.6070$ that represents our next main target, to keep the bearish trend scenario active for the upcoming period.Holding below 0.6140$ is important to the continuation of the…
AUDUSD Price Analysis Expected ScenarioThe AUDUSD price traded with clear positivity yesterday to test the key resistance 0.6640$, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly and overlaps negatively now.Therefore, the bearish trend scenario will remain active for the upcoming period, which depends…
Angela Rayner has been described as a huge electoral asset by Labour’s campaign chief, but until this week she has been one the party was unable to fully deploy. For months, Labour’s deputy leader has faced questions about her historical living arrangements, with the police investigating claims by the Tory party that she may not…
The Biden-Harris Administration advances initiativ The post Biden-Harris Administration Unlocks Capital for Eco-Focused Small Businesses, Amplifying Green Economy Drive appeared first on ForexTV. Source link
The USDJPY currency pair has extended its impressive upside move that originated from the 151.86 low, rallying as high as 157.70 in recent trading sessions. However, the subsequent pullback from the 157.70 high suggests that a consolidation phase within the broader uptrend is currently underway. Potential for Further Downside Consolidation While the broader technical outlook…
The foreign exchange market, or forex for short, is a thrilling yet challenging arena for traders. With prices constantly in flux, deciphering market movement and identifying profitable opportunities can feel like navigating a labyrinth. Fortunately, a wealth of technical analysis tools exists to empower traders with insights and sharpen their decision-making. Today, we delve into…
The EURUSD currency pair has broken below the key 1.0804 support level, suggesting that the recent upside move from the 1.0600 low has likely completed at the 1.0894 high. This technical breakdown has opened the door for a potential deeper correction. Further Downside Risks Emerge Following the break of the 1.0804 support, the next key…
MARKET REPORT Review: – Trump convicted on all 34 counts. Awaits sentencing. – US Q1 GDP and Core PCE revised lower – US Weekly jobless Claims rise slightly more than expected – US Fed’s Williams sticks to script – Rate cut expectations increased slightly. – US to restrain AI chips sales to the Middle East,…