NZD/JPY extends downtrend, breaking below key support. Technical indicators suggest further downside potential. The overall picture sees the pair stuck in a side-ways trading channel. In Friday’s session, the NZD/JPY declined by 1.20% to 91.00, continuing its bearish momentum. This break below the crucial 91.00 support level and the convergence of the 20 and 100-day […]
Silver trades below 50-day SMA at $31.37; $30.84 support is key for preventing deeper pullback. Bearish momentum persists with RSI in seller’s territory, favoring near-term downside. A close above $31.50 needed for bullish recovery, targeting $31.75 and potentially $32.00. Silver retreated from two-day highs of $32.00 and tumbled below the 50-day Simple Moving Average (SMA) […]
Mexican Peso weakens on fears of Trump-imposed tariffs on Mexican imports. Banxico expected to cut rates by 25 bps as inflation approaches 3% target. Upcoming US and Mexico economic data, including consumer confidence and Banxico decision, may add to Peso’s volatility. The Mexican Peso is against the ropes versus the Greenback on Friday, with the […]
USD/JPY declines to a major trendline and finds support. It remains in an uptrend that could resume and push higher. USD/JPY has pulled back to support from a major trendline for the long-term uptrend at about 152.55. Despite the correction, the pair is in an uptrend on a short and medium-term basis and given the […]
Impulsive advance in early Asian trade could extend to 7.1550 before levelling off. In the longer run, downward momentum has largely faded; USD could trade in a broad 7.0900/7.1800 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann notes. USD to trade in a broad 7.0900/7.1800 range 24-HOUR VIEW: “On Monday, USD […]
The Mexican Peso trades little changed as traders await news of the US presidential election. The winner could have a significant impact on the Peso in the days to come. Technically, USD/MXN continues to trade below the opening chart gap it formed when it broke lower on Monday. The Mexican Peso (MXN) fluctuates between tepid […]
The EUR/GBP currency pair continues to trade sideways between the 20 and 100-day SMA . RSI indicates recovering buying pressure and the MACD is green. Sellers breathe, after last Friday’s sharp losses. In Monday’s session, the EUR/GBP pair rose by 0.20% to 0.8395. While the pair remains in a sideways trend, the bullish pressure has shown […]
USD/SGD: Rise over? – OCBC
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USD/SGD fell, tracking the pullback in USD as Trump trade unwinds. Pair was last at 1.3171, OCBC’s FX analysts Frances Cheung and Christopher Wong note. USD pulls back as Trump trade unwinds “Bullish momentum on daily chart faded while RSI eased from near overbought conditions. Support at 1.31 (38.2% fibo), 1.3040 (50 DMA). Resistance at […]
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, […]
NZD/JPY has been trading sideways recently, with mixed signals from technical indicators. The pair is currently supported at 90.70 and faces resistance at 91.90. There are some signs of bearish momentum mounting which could threaten the 20-day SMA. Friday’s trading saw the NZD/JPY pair continue its sideways movement of the past sessions. The pair exhibits […]
Intel stock has its best performance in some time. INTC shares lifted 8% by better Q4 guidance. Intel misses on bottom line with $-0.46 loss in Q3 Revenue was benefited by AI and Edge computing. Intel (INTC) stock surged more than 8% on Friday after the embattled legacy semiconductor firm announced major progress on […]
GBP/USD Price Forecast: Climbs post weak US jobs report, eyes 100-day SMA The Pound Sterling erased some of its Thursday’s losses against the Greenback and rose 0.56% above its opening price after a dismal US jobs report reassured investors the Federal Reserve would continue to ease policy. At the time of writing, the GBP/USD trades at1.2970. Read More… […]
