FxWirePro: AUD/ USD outlook weaker on renewed downside pressure
Dec 13, 2024 06:28 am UTC| Technicals
AUD/ USD held near one year low on Friday as dollar found support after US Nov PPI rose more than expected. According to a Labor Department data released Thursday, showed producer prices increased by 0.4% month over...
FxWirePro: USD/ JPY remains bullish as rally continues
Dec 13, 2024 06:12 am UTC| Technicals
The USD/JPY uptrend gained momentum on Friday as the U.S. dollar strengthened ahead of next weeks Federal Reserve meeting. Despite a better headline, some softening in U.S. producer price inflation on Thursday...
FxWirePro: USD/CNY maintains bullish bias with focus on 7.350
Dec 13, 2024 05:56 am UTC| Technicals
USD/CNY strengthened on Friday as yuan weakened as comments from the Chinas annual economic meeting failed to spark investor enthusiasm. According to a state media report from the Central Economic Work Conference held...
FxWirePro :EUR/NZD loses momentum but outlook is bullish
Dec 12, 2024 22:52 pm UTC| Technicals
EUR/NZD initially dipped but recovered ground on Thursday after European Central Bank cut interest rates by 25 basis points and removed its guidance on keeping rates sufficiently restrictive. ECB President Christine...
FxWirePro:GBP/NZD positions for another climb, eyes 2.2100 level
Dec 12, 2024 22:37 pm UTC| Technicals
GBP/ NZD initially dipped but recovered some ground as market attention tuned to UK GDP data UK GDP and output data are in focus on Friday, followed by payrolls on Tuesday and CPI on Wednesday, all leading up to the...
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Dec 12, 2024 22:25 pm UTC| Technicals
GBP/AUD turned lower on Friday as the attracted sellers as investors awaited the UK GDP report on Friday. Fridays gross domestic product estimate for October will be a key economic indicator before the BoEs...
FxWirePro: USD/CAD sustains gains as uptrend remains strong
Dec 12, 2024 16:41 pm UTC| Technicals
USD/CAD strengthened on Thursday as dollar regained footing after US economic data. Data showed U.S. producer prices rose more than expected in November, driven by a surge in food costs. In a separate report, data...