The Australian Dollar rose as investor sentiment wavered following renewed criticism from President Trump targeting Fed Chair Powell. White House’s Hassett stated that Trump is considering his authority to remove Powell from his position. China continues to stand against Trump’s hardline tariff approach, adding to global market uncertainty. The Australian Dollar (AUD) extends its gains…
GBP/USD attracts some buyers to around 1.3350 in Monday’s early Asian session. The UK hopes to strike a deal with Trump after he imposed 10% tariffs on most imports of British goods to the US. Fed’s Powell said the US central bank remains in wait-and-see mode. The GBP/USD pair extends its upside to near 1.3350…
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)…
NZD/USD trades near the 0.5900 zone following another daily push higher MACD supports bullish bias, while RSI flirts with overbought territory Key moving averages continue to underpin the pair’s upward trajectory The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest…
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session. Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure. Major moving averages and resistance near 0.5700 cap upside attempts for now. The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area…
AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge. Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact. Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows. The AUD/USD pair crumbled below…
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near…
EUR/USD was seen trading near the 1.0830 zone on Friday after the European session, moving closer to the top of its daily range. Despite mixed oscillator signals, short- and long-term moving averages support the pair’s ongoing bullish momentum. Support is seen around 1.0790–1.0810, while resistance stands near 1.0845; MACD flashes a sell, but trend bias…
NZD/USD appreciates as sentiment improves following S&P Global Ratings’ projection that New Zealand will be less affected by US tariffs. Bullish momentum persists in New Zealand equities, driven by signs of domestic recovery after country exited recession in Q4 2024. Federal Reserve Governor Adriana Kugler reaffirmed that the Fed’s interest rate policy remains restrictive and…