FxWirePro- EURJPY trade idea (Asian session update)
Aug 28, 2024 03:27 am UTC| Technicals
EURJPY declined after a minor pullback above 162. It hit a low of 160.70 at the time of writing and is currently trading around 161.23. Technicals- The pair trades above 34- and below 55 EMA in the hourly...
GBPJPY Intra day trade idea (Morning update)
Aug 28, 2024 03:14 am UTC| Technicals
GBPJPY has been consolidating in a narrow range between 192.03 and 189.50 for the past three days. It hit a high of 191.35 and is currently trading around 191.30. Technicals- The pair trades below 34- and 55...
FxWirePro: GBP/AUD sustains gains as uptrend remains strong
Aug 27, 2024 20:41 pm UTC| Technicals
GBP/AUD strengthened on Tuesday as increased in risk sentiment and Bank of Englands cautious stance on rate outlook supported pound. On the data front, British retailers reported a third consecutive month of declining...
FxWirePro: EUR/AUD edges lower as early gains fizzles out
Aug 27, 2024 19:20 pm UTC| Technicals
EUR/AUD edged lower on Monday but downside was limited as investors remained cautious ahead of key economic data releases from Eurozone later in the week. Investors are waiting for key economic data this week to gain...
FxWirePro: EUR/NZD continues to decline, downside risks persist
Aug 27, 2024 18:07 pm UTC| Technicals
EUR/NZD declined below 1.7900 level on Tuesday as stronger kiwi dollar and weaker German GDP data weighed on the pair. On the data front, the German economy contracted by 0.1% in the second quarter of 2024 compared to...
FxWirePro:EUR/USD pinned near 1.1160, tight ranges prevail
Aug 27, 2024 15:51 pm UTC| Technicals
EUR/USD was little changed on Tuesday as investors stayed on the sidelines, awaiting key economic data from Germany, Spain, France, and Italy later in the week. . This weeks economic calendar includes key releases such...
FxWirePro: USD/ CAD drop accelerates, expect a bigger drop
Aug 27, 2024 15:27 pm UTC| Technicals
USD/CAD extends its losing streak on Tuesday as Canadian dollar gained from a weakened U.S. dollar and increasing oil prices. Oil prices have risen due to escalating conflict between Israel and Hezbollah, highlighted by...