EUR/USD falls for the fourth consecutive session before a modest uptick to 1.0310 on Friday. RSI hovers at 33, edging closer to oversold territory amid persistent bearish pressure. EUR/USD deepened its descent into fresh lows not seen since November 2022, briefly dipping below 1.0250 on Friday and the pair tallies four-day losing streak, reflecting an…
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025…
Markets are struggling to find a reason to move too much in either direction ahead of the New Year’s market closures, which will see most global exchanges shuttered during the middle of the trading week. Here’s what you need to know heading into Tuesday, December 31 The US Dollar Index (DXY) churned in place on…
NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since…
Aussie dips to 0.6215 on a quiet Friday session. Year-end lull keeps markets subdued. RBA dovish bets rise amid easing inflation and mixed economic outlook. The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday’s session. The Aussie struggles for direction as global market activity remains muted,…
GBP/USD trades near 1.2570 as volume remains low during the holiday week. The US Dollar Index DXY stays stable around 108.15, showing little movement. Fed’s gradual interest rate cuts expectations weigh on the Greenback. The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to…
USD/JPY retreats below 157.00 at the end of the week. Traders dumped the USD after soft PCE data. The Fed’s hawkish outlook might limit the pair’s downside. The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data. Softer inflation metrics, coupled…
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit…
Aussie edges up 0.33%, consolidating around 0.6200. Markets digest US PCE data for policy cues. Fed is seen holding rates steady in early 2025. The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal Consumption Expenditures (PCE) inflation data. With the Federal Reserve (Fed) expected to keep interest rates steady at…
EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory and reflecting hesitant recovery attempts. MACD histogram prints flat red bars, indicating persistent bearish pressure albeit with signs of stabilization. After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a…