AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision. US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty. Technical levels suggest support at 0.6399 and resistance near 0.6414, reflecting a range-bound market. The AUD/USD pair is trading around the 0.6400 level during European trading hours on Friday, reflecting…
USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data. US consumer sentiment weakened in early May, raising concerns about the economic outlook. Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320. The USD/CHF pair is trading higher on Friday, testing a significant…
USD/CAD trades with a negative bias in the weekly range amid a softer USD, rising Oil prices. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the 1.4000 confluence will be seen as a fresh trigger for bulls. The USD/CAD pair attracts some sellers for the second straight…
The US Dollar Index could retest the 50-day EMA near the 101.78 level. Technical analysis indicates a continued bullish bias, as the index remains within an ascending channel. The DXY is testing its initial support at the nine-day EMA of 100.47. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD)…
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,…
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…
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…
NZD/USD edges lower to near 0.5950 in Monday’s Asian session. China announced further measures to boost economic growth and employment. The RBNZ is expected to cut its 3.5% OCR by 25 bps in the May meeting. The NZD/USD pair softens to around 0.5950 during the Asian trading hours on Monday, pressured by the renewed US Dollar (USD)…
The Australian Dollar gains ground as China is weighing the suspension of its 125% tariff on certain US imports. Market sentiment was mixed after reports suggested the Trump administration could consider reducing tariffs on Chinese imports. China’s Finance Ministry noted that global economic growth continues to face headwinds, with trade and tariff disputes. The Australian…
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…