FxWirePro: GBP/AUD extends its drop, potential for further bearish continuation
Sep 12, 2024 23:50 pm UTC| Technicals
GBP/AUD declined on Thursday as higher commodities prices and increased risk sentiment boosted Australian dollar. Iron ore futures surged to their highest level in over a week, as expectations of improved seasonal...
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Sep 12, 2024 23:33 pm UTC| Technicals
EUR/AUD slipped below 1.6500 level as euro came under selling pressure after European Central bank lowered its policy rate 25 basis points. The bank cut rates for the second time this cycle, lowering its key deposit...
FxWirePro: EUR/NZD side lower shifts pressure to the downside
Sep 12, 2024 23:20 pm UTC| Technicals
EUR/NZD eased on Thursday following the European Central Banks 25 basis point rate cut. The central banks inflation forecasts were largely maintained just below 2%, while the growth outlook was revised downward and...
FxWirePro:GBP/NZD edges lower after early gains fizzles out
Sep 12, 2024 17:35 pm UTC| Technicals
GBP/NZD drifted lower on Thursday as increased risk sentiment and higher commodity prices boosted kiwi dollar. Iron ore futures surged on Thursday to their highest level in over a week, while oil prices increased by...
FxWirePro: USD/CAD bulls undeterred, eyes 50%fib resistance
Sep 12, 2024 16:16 pm UTC| Technicals
USD/CAD gained upward traction on Thursday as the latest U.S. economic data reinforced expectations of a 25 basis point rate cut next week. U.S. initial jobless claims rose 2,000 to a seasonally adjusted 230,000 for...
FxWirePro: GBP/USD rises from three week low, bulls take aim at 38.2%fib
Sep 12, 2024 15:12 pm UTC| Technicals
GBP/USD rebounded strongly from three week low on Thursday as sterling was helped by global stock gains and increased risk sentiment. Data released on Wednesday by Britains Office for National Statistics showed that...
FxWirePro- Major Pair levels and bias summary
Sep 12, 2024 14:21 pm UTC| Technicals
Major Pair levels and bias...