EUR/GBP struggles for a firm near-term direction as traders keenly await the ECB on Thursday. The ECB is expected to lower interest rates again amid easing inflation and economic slowdown. Bets for an aggressive BoE policy easing undermine the GBP and act as a headwind for the cross. The EUR/GBP cross extends its sideways consolidative…
Forex – Order of The Pack What is the order of the Wolfpack? The alpha pair commands the whole group, while the beta pair directs the mid-level wolves, and the adults take charge of the remaining pack members in the middle and lower ranks. While searching the internet in a quest of…
EUR/GBP declined 0.10% on Tuesday and remains in a range, but bullish bias intact. RSI, flat MACD support a balanced outlook. EUR/GBP should hold above 0.8380 to confirm bullish bias. The EUR/GBP pair remains confined within a recent range and declined by 0.10% on Tuesday to 0.8380. However, the larger time frame bias remains bullish,…
Newsquawk.com Highlights include US CPI, RBNZ, Minutes from FOMC, ECB and RBA, Canada jobs, and UK GDP Newsquawk Week Ahead Highlights for October 7-11 MON: Mainland China market holiday TUE: RBA Minutes, EIA STEO WED: RBNZ Announcement, RBI Announcement, Bank of Israel Announcement, German Trade Balance (Aug), FOMC Minutes THU: ECB Minutes, Norwegian CPI…
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00. The USD/JPY…
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and…
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after…
What is Forex? – Forex Forum September 25, 2024 /Posted byGVI Forex / 164 / Source link
DXY gave up some ground and fell to 100.60. Conference Board consumer confidence data for September missed expectations. Fed speakers are battling the current market’s dovish expectations. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, posted some losses on Tuesday after the release of the…
US Dollar is gaining strength after Fed decision volatility. New York Fed’s Nowcast model predicts robust economic growth in third and fourth quarters. Fed expects financial conditions to remain loose, supporting the economy. The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall. The Federal Reserve (Fed) has…