
FxWirePro- GBPJPY forms a hammer pattern, good buy on dips
Sep 12, 2024 04:24 am UTC| Technicals
Candlestick pattern- Hammer (daily chart) GBPJPY recovered more than 250 pips from yesterdays low due to short covering. It hit a high of 186.36 at the time of writing and is currently trading around...

FxWirePro- Nikkei225 daily outlook
Sep 12, 2024 03:52 am UTC| Technicals
Nikkei surged more than 3% from yesterdays low on upbeat market sentiment. It hit a high of 36875 at the time of writing and is currently trading around 36564. The headline US CPI declined to 2.5% y/y compared to a...

FxWirePro: NZD/USD stuck in range but maintains bearish bias
Sep 12, 2024 03:36 am UTC| Technicals
NZD/USD steady around $0.6138 on Thursday as investors digested mixed U.S. consumer inflation report that reinforced expectations of a smaller rate cut by the Fed next week. The Reserve Bank of New Zealand is scheduled...

FxWirePro: EUR/NZD holds tight range ahead of ECB rate decision
Sep 12, 2024 01:12 am UTC| Technicals
EUR/NZD traded in tight range as investors adopted a cautious approach ahead of European Central Bank rate decision. The European Central Bank is almost certain to cut interest rates again on Thursday The ECB...

FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Sep 12, 2024 01:02 am UTC| Technicals
EUR/AUD slipped below 1.6500 level as euro came under selling pressure ahead of European Central Bank rate decision. The European Central Banks policy meeting is scheduled for Thursday, and the ECB is widely...

FxWirePro : GBP/NZD neutral in the near-term, potential for downward resumption
Sep 11, 2024 18:14 pm UTC| Technicals
GBP/NZD initially gained on Wednesday but gave up ground as investors digested soft UK economic growth and mixed US inflation data. Data showed that UK GDP stagnated for a second consecutive month in July, falling...

FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Sep 11, 2024 15:46 pm UTC| Technicals
GBP/AUD slipped below 1.9600 level on Wednesday after data showed Britains economy stagnated unexpectedly in July . Economic output showed no change in month-on-month terms in July, as it did in June, data from the...