FxWirePro: NZD/USD inches lower, set to stay on back foot
Dec 24, 2024 06:23 am UTC| Technicals
The NZD/USD inched lower on Tuesday as kiwi dollar remained pressure from a stronger greenback and expectations of further monetary easing by the RBNZ. The surprise weakness in economic data has led investors to price...
FxWirePro:AUD/USD neutral in the near-term, scope for downward resumption
Dec 24, 2024 06:00 am UTC| Technicals
AUD/ USDremained defensiveon Tuesday after the Reserve Bank of Australias hinted at potential rate cuts. . RBA minutes indicated that while policy remains restrictive, rate cuts could come as early as February,...
FxWirePro: EUR/AUD range bound short term, primary trend still bullish
Dec 23, 2024 22:33 pm UTC| Technicals
EUR/AUD retreated on Monday as traders digest remarks from European Central Bank President Christine Lagarde European Central Bank (ECB) President Christine Lagarde said the euro zone was getting very close to reaching...
FxWirePro: EUR/NZD uptrend stalls, momentum needed to sustain gains
Dec 23, 2024 21:58 pm UTC| Technicals
EUR/NZD is struggled to make bullish headway on Monday as traders are braced for a holiday-shortened week. EUR/NZD fell to 1.8396 after hitting daily high at 1.8498. Price is contained between two fibo retrace levels,...
FxWirePro: GBP /AUD stuck in range but maintains bullish bias
Dec 23, 2024 21:18 pm UTC| Technicals
GBP /AUD initially gained but gave up ground as sterling struggled to sustain gains as investors assessed the latest UK GDP data. GDP data released on Monday showed that the British economy stalled in the third...
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
Dec 23, 2024 20:39 pm UTC| Technicals
GBP/NZD after initially gaining on Tuesday the pair gave some ground as investors digested data showed that the British economy stagnated in the third quarter of the year. The Office for National Statistics lowered its...