FxWirePro: Forex Weekly Update
Dec 18, 2023 04:34 am UTC| Technicals
The US dollar index direction was determined by previous Fed monetary policy. The policymaker kept its rates unchanged as expected and trimmed the forecast of GDP growth and inflation. Fed dot plot shows that there will 3...
FxWirePro: GBP/AUD attracts selling interest, vulnerable to more downside
Dec 16, 2023 00:09 am UTC| Technicals
GBP/AUD declined on Friday as slightly stronger Australian dollar and mixed UK PMI data weighed on sterling. Next week market participants will be closely observing the inflation data in the UK and the core personal...
FxWirePro: GBP/NZD reverses recent rally, bias back to downside
Dec 15, 2023 23:46 pm UTC| Technicals
GBP/NZD dipped on Friday as the pair erased about half of Thursdays gains following conflicting UK PMI data. The SP Global/CIPS UK Composite PMI - spanning services and manufacturing firms - rose to 51.7. Meanwhile...
FxWirePro: EUR/AUD drifts lower,could be on verge of a bigger drop
Dec 15, 2023 18:59 pm UTC| Technicals
EUR/AUD declined on Friday as disappointing Eurozone business activity data weighed on euro. The Eurozones preliminary HCOB Mfg PMI held firm at 44.2, contrary to market expectations of a 44.6 reading. Eurozone mfg...
Dec 15, 2023 17:16 pm UTC| Technicals
EUR/NZD declined on Friday as euro attracted sellers after data showed business activity in the euro zone experienced a deeper downturn in December. HCOBs preliminary Composite PMI, as compiled by SP Global, declined...
FxWirePro-Major pair levels and bias summary
Dec 15, 2023 12:48 pm UTC| Technicals
Major pair levels and bias...
FxWirePro:GBP/NZD rebounds as dip buying emerge after BoE rate decision
Dec 14, 2023 23:49 pm UTC| Technicals
GBP/ NZD rebounded on Thursday as dip buying emerged following the Bank of Englands decision to maintain steady rates and resisted rate cuts in early 2024 The Bank of England decided to keep interest rates unchanged...
FxWirePro- Major Economic Events for the day