FxWirePro: EUR/NZD recovery facing a steep rock, likely to falter
Jun 24, 2024 17:24 pm UTC| Technicals
EUR/NZD initially strengthen on Monday but gave up ground as investors were cautious ahead of the French general elections on 30 June and 7 July. Investors are closely monitoring polls ahead of the French election to...
FxWirePro-Crude oil Daily Outlook
Jun 24, 2024 12:43 pm UTC| Technicals
WTI crude oilpared some of its gains on the strong US dollar. It hit a high of $81.75and is currently trading at $80.96. The US dollar gained momentum after upbeat US flash manufacturing PMI data. The recent US...
FxWirePro- Silver Daily Outlook
Jun 24, 2024 12:28 pm UTC| Technicals
Ichimoku analysis (4-hour chart) Tenken-Sen- $30.10 Kijun-Sen- $29.89 Silver lost its shine after the v A dismal US housing data. It hit a low of $29.34yesterday and is currently trading around...
FxWirePro: GBP/ AUD beginning to trend higher but hurdles ahead
Jun 21, 2024 23:56 pm UTC| Technicals
GBP/ AUD initially dipped on Friday but pared some losses as the pair was aided by hot UK retail sales data. British retail sales rose by 2.9% in May, rebounding sharply from a revised 1.8% decline in April. Economists...
FxWirePro: EUR/AUD recovers some ground but outlook still strongly bearish
Jun 21, 2024 23:41 pm UTC| Technicals
EUR/AUD rebounded towards 1.6100 level on Friday as the pair recovered from early dip as traders took profits on short positions. The euro erased Thursdays losses against the Australian dollar , the pair was last up at...
FxWirePro: EUR/NZD capped by the 38.2%fib , good to sell on rally
Jun 21, 2024 23:24 pm UTC| Technicals
EUR/NZD rebounded from initial declined on Friday as investors book profit on shorts ahead of long week end. On the data front, Frances services sector contracted more than expected in June, while a broader euro zone...
FxWirePro: GBP/NZD loses momentum but bearish setup remains
Jun 21, 2024 18:04 pm UTC| Technicals
GBP/NZD after initially falling the pair recovered some ground after data showed UK retail sales beat expectations in May. British retail sales volumes rose 2.9% in May, rising sharply from a revised 1.8% fall in April...