AUD/USD draws support from a softer USD downtick, though it lacks bullish conviction. The Fed’s hawkish stance and a weaker risk tone lend support to the safe-haven buck. The RBA’s dovish shift and China’s economic woes also contribute to capping the pair. Traders look to the US PCE Price Index for short-term opportunities later this…
The Dollar rallies to fresh four-year highs against a weak Canadian Dollar. Strong US economic data and the political crisis in Canada have hammered the CAD. Monetary divergence between the Fed and the BoC provides additional support to the US Dollar. The US Dollar keeps appreciating against the Canadian Dollar and trades right below 1.4300…
NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850. Pair remains capped by the 20-day SMA, with upside attempts thwarted by persistent selling pressure. RSI hovers near oversold territory at 34, while MACD histogram prints rising red bars, indicating intensifying bearish momentum. The NZD/USD pair struggled on Friday, slipping by 0.14%…
EUR/USD edges higher on Friday, settling at 1.0495 as it approaches the 20-day SMA. RSI rises sharply to 44 but remains in negative territory, indicating improving momentum within a bearish context. The EUR/USD pair managed a modest rebound on Friday, rising by 0.2% to 1.0495 after testing fresh lows earlier in the week. The pair…
Here is what you need to know on Friday, December 13: The US Dollar (USD) Index continues to push higher early Friday and trades at its strongest level in over two weeks above 107.00 after closing in positive territory every day this week. Eurostat will publish Industrial Production data for October and the US economic…
DXY trended higher toward 106.00 on Friday. November’s NFP report showed a large beat on job creation. Sentiment data from December came in strong. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, gained toward 106.00 on Friday, driven by several key movers. The US Dollar remained…
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1894, as compared to the previous day’s fix of 7.1982 and 7.2227 Reuters estimates. Source link
The Greenback shrugged off its bearish start to the week and regained decent upward momentum on Tuesday, supported by a modest recovery in US yields. This came as President-elect Donald Trump proposed implementing tariffs on imports from Canada, Mexico, China, and the EU. Here is what you need to know on Wednesday, November 27: The…
GBP/USD kicks off the new week on a positive note and snaps a three-day losing streak. Retreating US bond yields prompts some USD profit-taking and lends support to the pair. Reduced bets for a December BoE rate cut underpin the GBP and further act as a tailwind. The GBP/USD pair opens with a bullish gap…
GBP/USD sinks further following poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlights potential for the pair to test significant supports at 1.2445 and possibly the year-to-date low of 1.2299. RSI indicates oversold conditions, suggesting a heavy bearish pressure but not yet at extreme levels. The Pound Sterling extends…