Nov 13, 2024 09:26 am UTC| Technicals
The GBP/JPY currency pair is staying the same because the weakness of the yen is balancing out the falling value of the British pound.It dropped to a low of 196.88 at the time of writingand is currently trading around...
FxWirePro: AUD/ USD momentum negative despite the pause in losses
Nov 13, 2024 06:09 am UTC| Technicals
AUD/USD traded around $0.653 on Wednesday, staying close to its weakest point in three months as the US dollar maintained its strength. Data from the Australian Bureau of Statistics released on Wednesday showed the...
FxWirePro: USD/ CNY consolidating around 7.223, room for further gains
Nov 13, 2024 05:37 am UTC| Technicals
USD/CNY edged lower slightly on Wednesday as Yuan was lifted by firmer-than-expected official midpoint guidance. The Peoples Bank of China (PBOC) set the yuans midpoint rate at 7.1991 per dollar, within a 2% trading...
FxWirePro: NZD/USD outlook weaker on renewed downside pressure
Nov 13, 2024 05:18 am UTC| Technicals
NZD/USD held near three month low on Wednesday as dollar remained bid on Trump tariff hopes. Trumps proposed tariffs, along with other policies like tax cuts, are viewed as inflationary and likely to keep U.S. interest...
FxWirePro: GBP/AUD pauses decline, downside risk remains
Nov 12, 2024 23:21 pm UTC| Technicals
GBP/AUD eased on Tuesday after UK data revealed that wage growth slowed and unemployment rose. British wage growth, excluding bonuses, dropped to its lowest level in over two years in the third quarter. Meanwhile,...
FxWirePro: EUR/NZD beginning to trend higher but hurdle ahead
Nov 12, 2024 23:10 pm UTC| Technicals
EUR/NZD strengthened on Tuesday as the pair recovered from early dip as geopolitical concerns eased. The euro erased Mondays losses against the kiwi dollar , the pair was last up at 0.66% at 1.6909 . The euro is...