FxWirePro: GBP/AUD capped key fibo,bears set to regain control
Aug 23, 2024 20:03 pm UTC| Technicals
GBP/AUD turned lower on Friday as the attracted sellers after surprisingly dovish Powell remarks. Powell said rate cuts would depend on data and risks, with his focus on the labor market leading investors to closely...
FxWirePro:GBP/NZD reverses recent rally, bias back to downside
Aug 23, 2024 18:33 pm UTC| Technicals
GBP/NZD dropped towards 2.1200 level after Federal Reserve Chair Jerome Powell indicated potential interest rate cuts. Powells speech at Jackson Hole is seen as paving the way for a September rate cut, though the size...
FxWirePro: USD/ZAR sellers reign on dovish Fed, key support in play
Aug 23, 2024 17:53 pm UTC| Technicals
USD/ZAR declined sharply on Friday as South African rand jumped after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month. Like other risk-sensitive currencies, the rand...
FxWirePro- SOLUSD Daily Outlook
Aug 23, 2024 17:46 pm UTC| Technicals
FxWirePro- SOLUSD inches higher on positive fundamentals, good to buy on dips Solana is a blockchain built for mass adoption. Its a high performance network that is utilized for a range of use cases, including...
FxWirePro: EUR/AUD under pressure after early buying dries up
Aug 23, 2024 17:35 pm UTC| Technicals
EUR/AUD declined on Friday as the pair came under selling pressure after Federal Reserve Chair Jerome Powell endorsed interest rate cuts, pushing the dollar to its lowest point of 2024. Investors had anticipated that...
Aug 23, 2024 17:33 pm UTC| Technicals
Major support- 100 Major resistance- 102 DXY lost its shine after the Fed Chairmans dovish speech at the Jackson Hole symposium. The index was one of the worst performers this week as easing inflation and...
Aug 23, 2024 17:21 pm UTC| Technicals
Gold (US Session) Gold gained sharply and holds above $2500 after Fed Chairman Powells speech at the Jackson Hole symposium. He signals that it is time to adjust monetary policy. This confirms that the Fed is...