
GBP/JPY: Navigating Market Fluctuations Amid Economic Signals
Jan 08, 2025 08:18 am UTC| Technicals
The GBP/JPY currency pair pared some of its gains on weak pound sterling. It hits a high of 198.25 and is currently trading around 197.12.Potential Reversal Zone (PRZ) is around 200.20. Economic Indicators The SP...

FxWirePro: NZD/USD bears set to regain control after Tuesday's failure
Jan 08, 2025 06:54 am UTC| Technicals
NZD/USD traded defensively on Wednesday as upbeat U.S. economic data lifted greenback. Data revealed that U.S. job openings unexpectedly increased by 259,000 in November, reaching 8.098 million by the months end,...

FxWirePro: AUD/ USD neutral in the near-term, scope for downward resumption
Jan 08, 2025 05:51 am UTC| Technicals
The AUD/USD eased slightly on Wednesday after data showed slowdown in Australian core inflation reinforced expectations of a potential interest rate cut as early as February. Underlying inflation dropped to 3.2% in...

FxWirePro: EUR/AUD range bound short term, primary trend still bullish
Jan 07, 2025 22:34 pm UTC| Technicals
EUR/AUD retreated on Tuesday as investors digested a slew of economic data that painted a mixed picture of the Eruozones economic health. Euro zone inflation accelerated in December, an unwelcome but anticipated blip...

FxWirePro: EUR/NZD uptrend stalls, momentum needed to sustain gains
Jan 07, 2025 21:51 pm UTC| Technicals
EUR/NZD is struggled to make bullish headway on Tuesday as investors digested a slew of economic data that painted a mixed picture of the regions economic health. Investors assessed a range of economic data, presenting...

FxWirePro: GBP /AUD stuck in range but maintains bullish bias
Jan 07, 2025 21:31 pm UTC| Technicals
GBP/AUD initially dipped but regained ground as the market awaited global economic data to assess the outlook for monetary policy. The Bank of England has been reducing the bank rate by 25 basis points quarterly since...