AUD/USD gains traction from risk-on sentiment and China’s stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, climbing by 0.20% to 0.6910. Optimism surrounding China’s stimulus measures, including monetary easing by the […]
The Australian Dollar marks a fresh nine-month high of 0.6859 level following RBA’s policy decision. The Reserve Bank of Australia decided to maintain its Official Cash Rate at 4.35% in September. The US Dollar faces challenges as Fed policymakers project additional rate cuts in 2024. The Australian Dollar (AUD) appreciated against the US Dollar (USD) as […]
GBP/USD trades on a softer note near 1.3310 in Monday’s Asian session. Rising bet on further Fed rate cuts later this year might undermine the US Dollar. The preliminary September UK/US PMI data will be in the spotlight on Monday. The GBP/USD pair edges lower to 1.3310, snapping the three-day winning streak during the early […]
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 […]
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 […]
The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty over the scale of the Fed rate cut. The Australian Dollar (AUD) inches […]
AUD/USD trades with mild gains around 0.6705 in Monday’s early Asian session. The two-day FOMC meeting ends Wednesday with an expected rate cut. The Chinese Retail Sales and Industrial Production came in worse than expected. The AUD/USD pair posts modest gains near 0.6705 during the early Asian session on Monday. The uptick of the pair is […]
GBP/USD resumes uptrend, bouncing off 1.3114, with bullish momentum supported by a rising RSI. A break above 1.3150 could target 1.3200 and the September 6 high at 1.3239, followed by the YTD high of 1.3266. Downside risks include a drop below 1.3114, which would expose 1.3100, with further support at 1.3031. The GBP/USD edges higher […]
The AUD/USD pair appreciates as US data reinforce the likelihood of an aggressive Fed rate cut next week. The US Producer Price Index rose above expectations, driven by higher service costs. Fed is expected to deliver a 25-basis points interest rate cut at its September meeting. The AUD/USD extends its upside for the third successive […]
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 […]
GBP/USD drops below the 20-DMA, with sellers gaining near-term control as RSI nears a break below 50. Key support lies at 1.3044 (July 17 peak), with further downside risks toward 1.2995 (50-DMA) and 1.2894 (March 8 high). Buyers need to hold above 1.3150 for a recovery, targeting resistance at 1.3111 and the psychological level of […]
NZD/USD falls 0.84% on Friday to trade at 0.6170. The RSI and MACD indicators align with the bearish outlook, signaling negative momentum. The 20-day SMA presents a strong barrier against the sellers. The NZD/USD pair has been trading lacklusterly within a narrow range, but Friday’s sharp decline has shifted the technical outlook to bearish, at […]
