Fri, April 19, 2024

Forex

Euro

Volatile Path of Euro: Key Levels and Economic Data

Quick Look: Euro faces resistance at 1.0880, with the 100 SMA at 1.0870 providing an additional barrier. Support levels were identified at 1.0820 and 1.0785, correlating with the 61.8% Fibonacci retracement. US CPI report and ECB’s interest rate decision this week are key for future direction. Euro shows resilience, bouncing off the 50-day SMA, but …

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USD/JPY economy, Japanese Yen Rose Against U.S. Dollar Due to Risk-off Wave

USD/JPY Nears 152 Amid US Jobs Data Anticipation

Quick Look: USD/JPY approaches 152.00, with support at 151.20, hinting at further gains. Technicals show USD/JPY bullish above 150.50, with critical supports at 151.20 and 150.65. Market watchers for potential Japanese intervention around the 155.00 level. Upcoming U.S. jobs report critical for currency and interest rate directions. The USD/JPY pair has made significant headlines as …

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AUD - Dollar, Economy and First recession in nearly 30 years

AUD Surges: Economic Optimism & Fed Insights Propel Rise

Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …

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USD - Reflections and lessons learned

Currency Update: USD Weakens, EUR and GBP Rally

Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied forecasts for major currencies. The USD Index (DXY), a barometer for the U.S. dollar’s strength against …

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Wibest – the aud: Austalian dollar bills.

Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis

Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD pair entered a consolidation phase, experiencing a slight rally during the session. The currency found major …

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Wibest – the aud: Austalian dollar bills.

AUD Market Analysis: Key Trends & Numbers

Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced by iron ore prices …

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Wibest – Franc: Swiss franc coins (CHF)

USD/CHF Stalls at Key Support: What’s Next?

Quick Look:  Neutral intraday bias for USD/CHF, with key support at 0.8964. Eyes on resistance levels at 0.9070 and 0.9243 for potential bullish signals. Economic indicators and central bank moves are closely watched for future direction. Market sentiment is cautiously optimistic, with potential rate cuts on the horizon. The USD/CHF currency pair presented a neutral …

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Washington: Japanese yen and Swiss franc bills and a calculator.

Japanese Yen: Key Forecasts Amid Market Shifts

Quick Look: The Japanese Yen to Dollar is under scrutiny due to economic indicators and Fed commentary. GBP/JPY struggles below 190.50, influenced by Japanese verbal interventions, geopolitical tensions, and the BoE’s dovish stance. For the Japanese Yen, bullish signals show potential for an upside. Geopolitical factors sway GBP/JPY’s direction.  USD/JPY movement hinges on PMIs, BoJ/Fed …

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EUR/USD - Ahead Of The US CPI Release, The Dollar Rises On High Yields

EUR/USD Struggles Below 1.08 Amid Bearish Signs

Quick Look: EUR/USD stays below 1.0800 as the pair trimmed its daily gains, remaining under the significant psychological level. Bearish indicators signal caution as the 14-day RSI and MACD divergence hint at potential downward pressure. Investors await the US ISM Manufacturing PMI and German CPI for further insights. In Monday’s trading session, the EUR/USD pair maintained …

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

AUD/USD Edges Up 0.16% Amid Global Economic Signals

Quick Look: The AUD/USD pair currently nears 0.6525, with a 0.16% increase daily. Mixed signals from global economies, with the US PCE and Chinese PMI figures standing out. Federal Reserve’s Jerome Powell hints at potential rate cuts, stirring market expectations. The Australian to US Dollar (AUD/USD) exchange rate has shown notable movement. Currently, it is positioned …

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Dollar edges back from a 16-month peak

Dollar Climbs as U.S. Markets Await Inflation Data

Quick Look: The dollar strengthens against major currencies before the crucial U.S. inflation announcement. Economic indicators point to robust U.S. growth, with a keen eye on the upcoming PCE data. Central banks signal varied stances as market participants speculate on interest rate movements. As anticipation builds ahead of the U.S. inflation data release set for …

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Dollar and Euro

EUR/USD Dips And DXY at 104.30: Currency Shifts

Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs.  US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors and policymakers. In particular, …

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