Here is what you need to know on Tuesday, October 29: Financial markets seem to have adopted a cautious tone following Monday’s choppy action. The US economic calendar will feature Goods Trade Balance and JOLTS Job Openings data for September, alongside the Conference Board’s Consumer Confidence Index for October. Investors refrain from taking large positions […]
The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election. Here is what you need to know on Tuesday, October 29: The US Dollar Index (DXY) […]
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the […]
NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears maintaining a firm grip as selling momentum builds. During Friday’s session, the pair fell by 0.60% to 0.5980, hitting […]
The NZD/JPY has been trading sideways recently, showing no clear trend. Technical indicators suggest a growing bearish momentum, with the RSI and MACD starting to turn in favor of the sellers. The 100 and 200-day SMA completed a bearish crossover at 92.00. The NZD/JPY pair has traded within a tight range recently, demonstrating a lack […]
The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against […]
NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels. The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level […]
EUR/GBP remains range-bound, consolidating recent losses as buying pressure stalls. Sellers take the foot off the gas after last Thursday’s losses RSI indicates recovering buying pressure, while MACD shows flat conditions. In Monday’s session, the EUR/GBP rose slightly to 0.8330, hovering within a narrow range. The pair’s recent recovery attempt has stalled, leaving it in […]
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off […]
GBP/USD found the gas for a thin rally on Friday. Upbeat UK Retail Sales figures helped the Pound find its footing. A broad-market pivot out of the Greenback further aided Dollar pairs. GBP/USD extended a near-term recovery rally to wrap up the trading week, inching back in a familiar congestion zone and clawing back meager […]
USD/JPY retreats from a two-month high of 150.32, pressured by a decline in US Treasury yields. The pair faces key resistance at the 100-DMA and top of the Ichimoku Cloud around 150.84/151.50 before turning bullish. Further declines could see USD/JPY testing support at 148.84, with a potential drop to 147.35 if sellers gain momentum. The […]
EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday. The BoJ uncertainty and a positive risk tone cap the JPY, lending support to EUR/JPY. Traders keenly await the ECB rate decision and cues about the further policy path. The EUR/JPY cross attracts fresh sellers during the Asian session on Thursday, […]
