The US Dollar gave back a big chunk of Monday’s strong gains on Tuesday, as markets weighed the implications of the latest US-China trade deal, easing inflationary pressures, and growing speculation that the Federal Reserve could cut interest rates in the third quarter. Here is what you need to know on Wednesday, May 14: The…
USD/CHF trades higher as the US Dollar strengthens on news of a 90-day tariff reduction deal between the US and China. The US 10-year Treasury yield hits 4.4500%, boosting USD demand, while Swiss franc lags amid reduced safe-haven flows. Key support levels for USD/CHF are 0.8910, 0.8880, and 0.8850, while resistance sits at 0.9050, 0.9080,…
AUD/NZD was seen around the upper end of its daily range on Friday. The pair maintains a bullish outlook supported by short-term trend signals. Technicals show mixed bias across indicators, with resistance seen above and long-term averages still pressuring. AUD/NZD is displaying upward momentum ahead on Friday’s session, trading near the top of its daily…
The pair trades near 145.00, correcting from recent highs amid renewed Dollar softness. NFP beats expectations at 177K, but weak ISM and GDP data revive Fed rate cut bets. Bearish bias persists; key resistance at 145.52 and support at 144.42 with neutral RSI and MACD. USD/JPY pulls back toward the 145.00 area on Friday after…
USD/MXN flats near 19.58 as soft Mexican manufacturing and Banxico’s dovish tilt weigh against strong US jobs data. Mexico’s dismal data suggests the economic slowdown might continue as PMI hits three-year low, business confidence deteriorates. Banxico is seen cutting rates in May, widening policy gap with Fed and pressuring Peso outlook. The Mexican Peso (MXN)…
EUR/JPY trades near the 164.00 zone after a modest pullback ahead of the Asian session. Overall bias stays bullish, with trend indicators aligned to the upside. Support levels hold below while short-term indicators remain neutral. The EUR/JPY pair edged slightly lower on Friday but continues to trade near the 164.00 zone as the market transitions…
EUR/CAD trades around the 1.5600 zone following a quiet Friday session post-Europe. Bullish structure holds, though short-term momentum indicators remain mixed. Long-term trend indicators favor upside while near-term resistance levels begin to cap price. The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but…
The AUD/USD pair trades higher around 0.6400, up 0.26% on the day. US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025. Market expectations for a Fed rate cut in June rise as weak data weighs on the USD. Investors remain cautious ahead of key US data releases, including NFPs and GDP…
AUD/USD trades around the 0.6400 zone, holding gains despite US Dollar stabilization. Concerns about a China-linked slowdown keep the Aussie under pressure, despite upbeat Q1 Chinese GDP. Resistance emerges near 0.6420; short-term moving averages maintain bullish alignment. The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during…
Euro edges higher amid US Dollar pressure after the White House pushes tariffs on Chinese ships, fueling global trade risks. Trump reportedly furious with Fed Chair Powell; adviser says President reviewing legality of dismissal. ECB’s Muller says lower energy prices and tariffs justify rate cut, though warns fragmentation may fuel inflation ahead. The Euro (EUR)…