Dec 11, 2024 14:39 pm UTC| Technicals
EUR/USDgaiend after US CPI data.It hit a high of 1.06293 and is currently trading around 1.05007. The US Consumer Price Index (CPI) for November 2024 shows an annual inflation rate of 2.7%, matching economists...
FxWirePro: USD/ MXN loses momentum but outlook is bullish
Dec 11, 2024 14:27 pm UTC| Technicals
USD/MXN initially gained but then reversed course on Wednesday as investors assessed the U.S. CPI data. The Consumer Price Index rose 0.3% last month, marking the largest gain since April, after a consistent 0.2%...
Dec 11, 2024 13:24 pm UTC| Technicals
EURGBP surged slightly after dovish comments from BOE Bailey. Intraday bias remains bearish as long as resistance 0.8380 holds. It hit a low of 0.82776at the time of writing and is currently trading around...
FxWirePro- Major European Indices
Dec 11, 2024 12:42 pm UTC| Technicals
Germany DAX - 20317 (0.01%) Major resistance- 21132 Near-term resistance - 20500/21000 Minor support- 20250/20000/19800/19587/19430/19285 Trend reversal level- 17000 The pair holds above...
FxWirepro- Woodies Pivot (Major)
Dec 11, 2024 12:40 pm UTC| Technicals
Germany DAX - 20317 (0.01%) Major resistance- 21132 Near-term resistance - 20500/21000 Minor support- 20250/20000/19800/19587/19430/19285 Trend reversal level- 17000 The pair holds above...
FxWirePro: USD/ZAR bulls need more gains to zero in on key fibo resistance
Dec 11, 2024 11:23 am UTC| Technicals
USD/ZAR rose on Wednesday as South Africas rand weakened ahead of U.S. inflation readings which could give clues on the future US interest rate path. Markets will closely examine the November consumer inflation data...
FxWirePro: USD/ JPY rises to two week high, eyes 153.00 level
Dec 11, 2024 10:50 am UTC| Technicals
USD/JPY rose to two week high on Wednesday as greenback gained traction ahead of a highly anticipated reading of U.S. inflation. U.S. Consumer Price Index (CPI) is expected to have increased by 0.3% in November. This...