FxWirePro: USD/ MXN trends lower but bullish setup remains
Nov 28, 2024 16:30 pm UTC| Technicals
USD/ MXN declined on Thursday as Mexican peso recovered on hopes of easing Mexico-U.S. tensions. The Mexican peso rebounded after U.S. President-elect Donald Trump described his conversation with Mexicos President...
FxWirePro: USD/ZAR loses momentum but maintains bullish outlook
Nov 28, 2024 15:24 pm UTC| Technicals
The USD/ZAR retreated slightly on Thursday as investors digested central banks November Financial Stability Review. The central bank stated on Thursday that the financial stability outlook in South Africa has gotten...
Nov 28, 2024 12:03 pm UTC| Technicals
The pair pared some of its gains as demand for safe-haven assets increased. Overall bias remains bullish as long as support 0.8780 holds. It hits a low of 0.88422 and is currently trading around 0.88492. The Swiss franc...
FxWirePro: USDCNY caught in narrow range, bias is bullish
Nov 28, 2024 11:52 am UTC| Technicals
USD/CNY steadied on Thursday as the yuan was weighed down by a stronger dollar and concerns over U.S. President-elect Donald Trumps tariff plan. Investors are still awaiting further developments after U.S....
FxWirePro-Major European Indices
Nov 28, 2024 11:45 am UTC| Technicals
Germany DAX - 19388 (0.56%) Major resistance- 20000 Near-term resistance - 19400/19500/19600/19689 Minor support- 18800/18600 Trend reversal level- 17000 The pair hold above short-term (34 EMA,...
FxWirePro: USD/JPY rebounds from 5-week low, outlook bullish
Nov 28, 2024 08:50 am UTC| Technicals
USD/JPY rebounded from five week low on Thursday as dollar firmed as investors assessed a wave of economic data indicating persistent U.S. inflation. The market is focused on the Feds potential rate cuts, with the...
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Nov 28, 2024 06:27 am UTC| Technicals
NZD/USD traded flat on Thursday as Investors stayed cautious amid rising trade tensions with China, New Zealands largest trading partner, following Trumps latest tariff threats.. NZD/USD saw a short-squeeze rebound on...
Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%