GBP/USD attracts some sellers on Friday and is pressured by a modest USD strength. Bets for another oversized Fed rate cut in November should cap gains for the buck. A relatively hawkish BoE expectations should contribute to limiting losses for the pair. The GBP/USD pair drifts lower during the Asian session on Friday and moves […]
EUR/GBP retraced Monday’s sharp downward movements. The daily RSI and MACD signals a stabilizing selling pressure. The pair might extend its current sideways trend in the next sessions. EUR/GBP rose to 0.8370 on Wednesday, displaying some volatility during the European trading session. Nevertheless, the pair failed to hold on to gains, and it currently trades […]
The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance. The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure. A crossover between the 100 and 200-day SMA might propel the pair upwards. The NZD/USD traded mostly flat on Friday’s session and failed to hold gain which […]
The NZD/JPY rose by nearly 0.90% to 89.80 on Friday. The RSI is in positive territory and rising, indicating buying pressure. The MACD is showing rising green bars, suggesting increasing bullish momentum. In Friday’s session, the NZD/JPY continued its climb, propelled by a 0.90% rise to 89.80. This upward trajectory indicates that the pair is […]
USD/JPY on track for a positive weekly close, yet still under key resistances, maintaining the downtrend. Resistance challenges include Kijun-Sen at 144.40 and Ichimoku Cloud; 50-DMA approaching a bearish cross with 100 and 200-DMAs. Buyer momentum builds with RSI rising, though remains below the critical 60 mark needed to overturn the downtrend. Potential upside targets […]
US Dollar is gaining strength after Fed decision volatility. New York Fed’s Nowcast model predicts robust economic growth in third and fourth quarters. Fed expects financial conditions to remain loose, supporting the economy. The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall. The Federal Reserve (Fed) has […]
Here is what you need to know on Thursday, September 19: Following the wild fluctuations seen in financial markets in the American session on Wednesday, volatility remains high early Thursday. The Bank of England (BoE) will announce monetary policy decisions during the European trading hours. Later in the day, the US economic calendar will feature […]
FX option expiries for Sept 17 NY cut
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FX option expiries for Sept 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1025 1.7b 1.1030 1.9b 1.1050 779m 1.1100 909m 1.1125 1.4b 1.1140 728m GBP/USD: GBP amounts 1.3000 532m 1.3100 765m 1.3300 511m USD/JPY: USD amounts 138.00 545m 140.85 1.2b 141.00 560m USD/CHF: USD amounts AUD/USD: AUD amounts […]
The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions. The RSI is oversold and has a declining slope, indicating that selling pressure is increasing. The MACD is also negative and the histogram is rising. Friday’s session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another […]
The negative outlook remains, RSI and MACD suggest bearish momentum. The multiple rejections by the 20-day SMA suggest that the buyer’s traction is too weak. A break from above mentioned average would improve the outlook. In Friday’s session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook. Bears continue to […]
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030, as against the previous day’s fix of 7.1214 and 7.1048 Reuters estimates. Source link
GBP/USD tallied another day of losses falling below 1.3050. US CPI came in mixed and markets reduced the odds of a 50 bps cut. Earlier in the session the UK reported weak GDP figures. The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity […]
