The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance. The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure. A crossover between the 100 and 200-day SMA might propel the pair upwards. The NZD/USD traded mostly flat on Friday’s session and failed to hold gain which…
Here is what you need to know on Thursday, September 19: Following the wild fluctuations seen in financial markets in the American session on Wednesday, volatility remains high early Thursday. The Bank of England (BoE) will announce monetary policy decisions during the European trading hours. Later in the day, the US economic calendar will feature…
The negative outlook remains, RSI and MACD suggest bearish momentum. The multiple rejections by the 20-day SMA suggest that the buyer’s traction is too weak. A break from above mentioned average would improve the outlook. In Friday’s session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook. Bears continue to…
A EURJPY and EURUSD Update from the Savvy Trader – Forex Forum September 13, 2024 /Posted byGVI Forex / 55 / Source link
USD/JPY trades with negative bias for the fourth straight day and hangs near the YTD low. The divergent Fed-BoJ policy expectations turn out to be a key factor weighing on the pair. Investors now look forward to next week’s key central bank event risks for a fresh impetus. The USD/JPY pair weakens further below mid-141.00s…
GBP/USD tallied another day of losses falling below 1.3050. US CPI came in mixed and markets reduced the odds of a 50 bps cut. Earlier in the session the UK reported weak GDP figures. The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity…
US Dollar recovers following last Friday’s gains. Inflation data takes center stage, CPI expected to show moderation. Fed easing expectations have steadied with market pricing in less aggressive cuts. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six currencies, extended its recovery on Monday ahead of key inflation…
Weekly FX Chart Outlook Run for the exits! After whipsaw trading following a weaker US jobs report, the market has to pick up the pieces after a tough end to the week where it ended in a risk off mood led by the sell-off in stocks.. In the week ahead, the focus will…
Newsquawk Week Ahead: 9th-13th September – Forex Forum September 7, 2024 /Posted byGVI Forex / 340 / Source link
The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85. The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist. Bears have the 87.00 threshold on their sight. The NZD/JPY pair has maintained its bearish stance, extending the selloff that…