FxWirePro: AUD/ USD steadies above 0.6800, retains bid tone
Aug 30, 2024 05:13 am UTC| Technicals
AUD/USD held steady on Friday despite disappointing Australian retail sales data, as traders awaited the release of the U.S. PCE inflation report. Fridays data revealed that Australian retail sales remained flat in...
FxWirePro- GBPJPY Intra day trade idea (first update)
Aug 30, 2024 04:55 am UTC| Technicals
Intraday Bias- Neutral GBPJPY consolidating between 191.92 and 189.50 this week. It hit a low of 190.49 at the time of writing and is currently trading around 190.67. Technicals- The pair trades below 34-...

FxWirePro :GBP/NZD outlook weaker on renewed downside pressure
Aug 30, 2024 00:10 am UTC| Technicals
GBP/NZD fell towards 2.1000 as stronger kiwi dollar, upbeat US economic data and diverging U.S.-UK rate expectations weighed on sterling. US second-estimate Q2 GDP growth came in at 3.0% versus 2.8% expected while...

FxWirePro: EUR/NZD set To for bigger drop, but close below key fibo needed
Aug 29, 2024 23:20 pm UTC| Technicals
EUR/NZD dropped sharply on Thursday as euro attracted sellers after soft German and Spanish Inflation data weighed on euro. German inflation eased to 2% in August, falling short of the 2.3% forecast by analysts,...

FxWirePro:EUR/AUD drops below 1.6300 level, heads deeper into bear territory
Aug 29, 2024 17:23 pm UTC| Technicals
EUR/AUD fell below1.6300 level on Thursday after inflation data from Germany and Spain fuelled increased speculation that the European Central Bank may initiate an interest rate easing cycle. Inflation decreased in six...

FxWirePro: USD/ZAR pauses downtrend and consolidates
Aug 29, 2024 16:17 pm UTC| Technicals
USD/ZAR initially dipped on Thursday but recovered some ground as investors reacted positively to the strong U.S. economic data. U.S. GDP for the second quarter expanded at an annualized rate of 3%, driven by increased...

FxWirePro: USD/CAD consolidating around 1.3460, outlook is bullish
Aug 29, 2024 16:04 pm UTC| Technicals
USD/CADinitially dipped on Thursday but recovered some ground as the U.S currency firmed after data showed the U.S. economy grew faster than expected in the second quarter. Markets are nearly certain that the U.S....