Mon, May 20, 2024

Forex

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Climbs 3.25%, Nears Critical Resistance at 1.2731

Quick Look: Surge: GBP rose 3.25% from its yearly low, nearing critical resistance. Key Resistance: 1.2731 (yearly open), 1.2773-1.2781 (Feb 2019 low), 1.2857 (yearly high-day close). Support Levels: 1.2575 (March low), 1.2535-1.2540 (200-day MA), 1.2423 (Dec 2022 high-day close). Events: Upcoming UK CPI and retail sales are pivotal for market sentiment. The British Pound has …

GBP/USD Climbs 3.25%, Nears Critical Resistance at 1.2731 Read More »

NZD/USD - NZD USD digital trading chart.

NZD/USD Hits 0.6120: Fluctuations Amid Economic Updates

Quick Look: NZD/USD Trade Levels: Recent trading at 0.6120 with fluctuations between 0.6140 and 0.6070. Economic Data Influence: US inflation at 3.4%, retail sales stagnant; impact of upcoming RBNZ rate decision. Market Predictions: Bullish trend with potential resistance at 0.6180 and support at 0.6080. The New Zealand Dollar (NZD) has recently experienced notable fluctuations against …

NZD/USD Hits 0.6120: Fluctuations Amid Economic Updates Read More »

Wibest – Japan Yen: Japanese yen bills. USD/JPY

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low

Quick Look: Significant Decline: USD/JPY fell 0.91%, influenced by a disappointing US Core CPI report. Key Support Levels: Immediate focus on 155.00; breaches may indicate further USD weakness. Trading Strategy: Watch for a daily close below or above 155.00 to signal bearish or bullish positions. The US dollar experienced a significant pullback against the Japanese …

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low Read More »

Wibest – Canadian Loonie: Canadian dollar (CAD) bills and coins.

USD/CAD Hits 1.3640 Amid PPI Surge and Rising Oil Prices

Quick Look: USD/CAD’s recent drop to 1.3640 was influenced by a weaker US dollar and PPI data exceeding expectations. The Bank of Canada’s aggressive monetary policy includes a potential 100 basis point cut in 2025. Wildfires near Canadian oil sands push WTI crude to $78.30, impacting commodity-linked CAD. The USD/CAD exchange rate has shown fluctuations …

USD/CAD Hits 1.3640 Amid PPI Surge and Rising Oil Prices Read More »

Wibest – CHF Franc: New Swiss franc notes.

USD/CHF Drops to 0.9060 Amid Dismissed April PPI of 0.5%

Quick Look: USD faces losses against CHF, influenced by lower US yields and dismissive response to PPI data. Switzerland’s economic indicators show mixed results; slight improvement in Producer and Import Prices. US CPI report and Swiss Industrial Production data could impact future USD/CHF movements. The US dollar (USD) has faced successive losses against the Swiss …

USD/CHF Drops to 0.9060 Amid Dismissed April PPI of 0.5% Read More »

Abu Dhabi announces a natural gas IPO

AMC Stock Surges to $8.97, Up 72% Amid Meme Mania

Quick Look: AMC’s share price rose to $8.97 from $5.19, driven by a 657% increase in trading volume. Analysts express mixed opinions with Citigroup maintaining a sell rating and a target price increase of $3.20. Earnings Outperformance: Recent earnings per share were -$0.54, beating forecasts, with revenue of $1.10 billion. AMC Entertainment Holdings Inc. (NYSE: …

AMC Stock Surges to $8.97, Up 72% Amid Meme Mania Read More »

Wibest – Yen Exchange Rate: Japanese yen coins. (USD/JPY)

USD/JPY Ascends to 156.20, Potential Climb to 160 Levels

Quick Look: USD/JPY trading above 156.00, indicating sustained bullish momentum. Key support at 155 yen, resistance up to 160 yen. Experts recommend buying on dips, reflecting positive sentiment. The USD/JPY currency pair continues to showcase its robustness in the forex market. The recent trading sessions saw the US dollar rally robustly against the Japanese yen. …

USD/JPY Ascends to 156.20, Potential Climb to 160 Levels Read More »

dollar, euro, Ukraine, eur/usd

EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events

Quick Look: Strong Technical Support: EUR/USD above key levels; 14-day EMA at 1.0752. Bullish Breakout Potential: Resistance near 1.0800; exceeding it could reach 1.0885. Important Economic Data: Upcoming CPI could weaken the USD, boosting the Euro. The Euro experienced a significant recovery against the US Dollar during the Asian trading session on Tuesday. The EUR/USD …

EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Resistance at 0.65, Support at 0.64 Amid Volatility

Quick Look: AUD/USD resistance at 0.65, support at 0.64, with fluctuations influenced by economic indicators and Federal Reserve policies. Traders remain cautious, eyeing upcoming US economic data releases; sentiment leans towards modest gains with potential slow declines. Focus on short-term trades, buying on dips, and taking profits near resistance, especially with anticipated market moves in …

AUD/USD Resistance at 0.65, Support at 0.64 Amid Volatility Read More »

NZD/USD - New Zealand dollar bills.

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators

Quick Look: The NZD/USD current rate is 0.6000 amid bearish trends, weakening domestic indicators, and strong US data. Reserve Bank of New Zealand hints at a possible rate cut 2024 due to declining inflation expectations. Technical analysis shows NZD/USD nearing critical support, with potential deeper lows if current levels break. The New Zealand Dollar (NZD) …

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators Read More »

Wibest – Canadian Loonie: Canadian dollar (CAD) bills and coins.

Forex Turbulence: CAD Fluctuation From 1.3747 To 1.3728

Quick Look: CAD/USD saw swings from 1.3721 to 1.3761, closing lower at 1.3728, influenced by US economic data and oil price changes. WTI crude oil rose to $77.44, boosting the CAD, while gold’s climb to $2311.03 signalled increased market caution. Upcoming Canadian job reports and US jobless claims are critical, with potential implications for central …

Forex Turbulence: CAD Fluctuation From 1.3747 To 1.3728 Read More »

GBP/USD: British pound sterling coins. Bank of England (BoE)

BoE Holds Interest Rate at 5.25%, Awaiting Economic Shifts

Quick Look: BoE has decided to keep the interest rate unchanged at 5.25%. 7 out of 9 members supported the decision. GBP/USD saw fluctuations, trading between 1.2600 and 1.2500, with a slightly bearish market sentiment. The BoE signals caution in future rate cuts, dependent on inflation trends and economic data. In its latest policy meeting, …

BoE Holds Interest Rate at 5.25%, Awaiting Economic Shifts Read More »

dollar, euro, Ukraine, eur/usd

EUR/USD Dips to 1.0730 Amid Weak Eurozone Data

Quick Look: EUR/USD below key levels like the 200-day moving average, showing strong selling pressure. German industrial metrics and Eurozone retail trends are key; US Fed commentary is also critical. Supports at 1.0730 and 1.0700; resistances at 1.0765 and 1.0800. The EUR/USD currency pair faces downward pressure, showing a potential second consecutive daily drop. As …

EUR/USD Dips to 1.0730 Amid Weak Eurozone Data Read More »

Wibest – Franc: Euro and Swiss franc (chf) coins and bills.

USD/CHF at 0.9060: Bullish Targets to 0.9225

Quick Look: USD/CHF at pivot 0.9060: Shows neutral intraday bias, bullish if above 0.9014. Economic Indicators: The US Dollar is robust; Swiss unemployment is stable at 2.3%. Market Outlook: Short-term optimism; critical watch on 0.9243 for medium-term trends. Today, the USD/CHF pair has been observed at a pi point of 0.9060. Thereby exhibits a neutral …

USD/CHF at 0.9060: Bullish Targets to 0.9225 Read More »