FxWirePro: GBP/NZD steadies around 2.0900,good to buy on dips
Oct 25, 2023 23:54 pm UTC| Technicals
GBP/NZD strengthened on Wednesday as kiwi dollar weakened against pound amid the escalating geopolitical tensions in the Middle East. Pair traded in 2.0741/2.0906 range ,a close above ( 23.6%fib, will trigger a new...
FxWirePro:GBP/AUD getting back on track for a run towards 1.9300 level
Oct 25, 2023 19:48 pm UTC| Technicals
GBP/ AUD pushed its recovery envelope from 1.9021 on Wednesday as lower copper , equity prices added bearish pressure on Australian dollar. The Australian dollar initially jumped after a surprisingly high reading for...
FxWirePro: EUR/AUD rebounds ahead ECB's October meeting, critical resistance lies ahead
Oct 25, 2023 17:06 pm UTC| Technicals
EUR/AUD rebounded strongly on Wednesday as the pair attracted buyers ahead of the ECBs policy announcement. Investors do not expect the European Central Bank to raise interest rates when it meets this week, but are...
FxWirePro: EUR/ NZD dip buyers emerge, a bullish phase may have begun
Oct 25, 2023 16:23 pm UTC| Technicals
EUR/ NZD initially dipped on Wednesday but recovered ground as bids emerged around 1.8059 level. At GMT 16:12, the pair was trading down 0.30 percent at 1.8175 after reaching daily low at 1.9144. A close above...
FxWirePro: EUR/NZD falls on downbeat euro zone data, plunge to test a key fibo grows
Oct 24, 2023 22:17 pm UTC| Technicals
EUR/NZD declined on Tuesday as euro attracted sellers after downbeat Euro zone PMI data stirred up recession worries. HCOBs flash euro zone Composite Purchasing Managers Index (PMI), compiled by SP Global, fell to 46.5...
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
Oct 24, 2023 22:03 pm UTC| Technicals
EUR/AUD declined on Tuesday as downbeat economic data in the euro zone weighed on euro. Data showed the Euro Zone (PMI) fell to a near three-year low in October, while business activity in Germany contracted for a...
FxWirePro: GBP/NZD reverses recent rally, bias back to downside
Oct 24, 2023 19:26 pm UTC| Technicals
GBP/NZD declined on Tuesday following the release of data indicating a loss of momentum in the UK labor market and a deterioration in business activity for the current month. The flash preliminary reading of the SP...
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