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...
FxWirePro: AUD/ USD momentum negative despite pause in losses
Nov 28, 2024 06:01 am UTC| Technicals
AUD/ USD eased slightly on Thursday as investors assessed Reserve Bank of Australia rate outlook . The Reserve Bank of Australia (RBA) has kept its cash rate at 4.35% for a year now and seems in no hurry to start...
CADJPY Analysis: How Tariffs and Economic Indicators Shape Market Dynamics
Nov 28, 2024 05:57 am UTC| Technicals
CADJPY has lost its shine as the Japanese yen strengthens, hitting an intraday low of 107.32, with current trading around 108.20. Economic Concerns: BoC Rate Cut on the Horizon? The likelihood of a rate cut by...
Nov 28, 2024 05:50 am UTC| Technicals
The EUR/JPY pair declined by over 150 pips yesterday, hitting a low of 159.09 and currently trading around 160. The bearish intraday outlook is maintained as long as the resistance at 162 holds. Markets are closely...
Bear Market Alert: GBP/JPY's Recent Decline and What It Means for Traders
Nov 28, 2024 03:14 am UTC| Technicals
The GBP/JPY currency pairdeclined sharply on the strong yen.It hit a low of 190.67 yesterday and is currently trading around 191.93.The Potential Reversal Zone (PRZ) is set at 200.20. Scott Bessents nomination as...
Nikkei 225 Index: Minor Recovery Amid Yen Strength
Nov 28, 2024 00:50 am UTC| Technicals
The Nikkei 225 index experienced a slight rebound after a significant sell-off over the past two days, driven by the strengthening yen. After hitting a low of 37,630 yesterday, it is now trading around 37,858. On...
FxWirePro: EUR/AUD steadies above 1.6250, retains bid tone
Nov 27, 2024 23:07 pm UTC| Technicals
EUR/AUD held steady around 1.6250 on Wednesday as investors assessed the latest economic data and the potential impact of policies from the incoming U.S. administration. U.S. consumer spending grew solidly in October,...
Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%