
FxWirePro: USD/JPY outlook weaker on renewed downside pressure
May 16, 2025 08:46 am UTC| Technicals
USD/JPY dipped on Friday as softer dollar offset downbeat Japanese GDP data. The U.S. dollar extended declined on Friday after weak economic data reinforced expectations of further policy easing by the Federal...

FxWirePro- Major European Indices
May 16, 2025 08:05 am UTC| Technicals
Germany DAX - 23549 (0.54%) Major resistance- 24000 Near-term resistance 24000/24345/24500. Minor support - 23350/23500/23380/23200/23080/22900/22780/22500. Trend reversal level- 17000 The...

FxWirePro: USD/CNY maintains bearish bias with focus on 7.180 level
May 16, 2025 05:52 am UTC| Technicals
USD/CNY dipped on Friday as Chinas yuan firmed aided by a weaker greenback and positive sentiment after the Sino-U.S. tariff truce. The dollar weakened on Friday as disappointing U.S. economic indicators this week...

GBP/JPY Faces Bearish Pressure: Sell Rallies for Potential Profit
May 16, 2025 05:40 am UTC| Technicals
GBP/JPYshowed a minor pullback after hitting a low of 193.04. .It hits an intraday high of 193.65 and is currently trading around 193.59. Intraday trend is bearish as long as resistance 195 holds. The GBP/JPY pair is...

FxWirePro:NZD/USD gaining momentum for a move towards 0.5950 level
May 16, 2025 05:39 am UTC| Technicals
NZD/USD firmed on Friday as the U.S. dollar weakened, following a series of weaker-than-expected U.S. economic data that reinforced expectations of further Fed rate cuts this year. The U.S. Producer Price Index (PPI)...

FxWirePro: AUD/USD hold steady on weaker U.S. dollar and easing trade tensions
May 16, 2025 05:32 am UTC| Technicals
Australian dollar held steady on Friday as softer dollar and easing global trade tensions supported Australian dollar. Investors reacted positively to the U.S.-China trade truce, seeing it as a major step in lowering...