Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …
Quick Look: Unemployment rate decreased to 3.7% from 4%, dipping below the 12-month average. AUD/USD rate surpassed 66 cents, aiming for the 0.6650/60 zone. Australian 3-year bond yield saw up to a 9 basis point drop. An expected job addition of 40,000 could lower unemployment to 4.0%. Australia’s employment landscape has recently presented compelling evidence …
Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added Read More »
Quick Look EUR/USD surged past 1.0900 following the Federal Reserve’s decision to maintain interest rates at 5.5%. Investors interpreted the move as dovish, with expectations leaning towards further easing in 2024. Fed Chair Powell cited easing inflation but highlighted ongoing concerns with the tight labour market. The financial markets experienced a significant shift as the …
Quick Look The USD/JPY pair is experiencing strength, trading around 151.55. The Bank of Japan transitions from negative interest rates, setting the new rate at 0.1%. The market’s reaction remains neutral, focusing on future actions over immediate changes. The financial landscape witnessed a significant shift yesterday. The Bank of Japan (BoJ) decisively moved away from …
USD/JPY Hits High at 151.55: Market Stays Neutral Read More »
Quick Look USD/CHF nears 0.8900 resistance with a positive stochastic reading. Bullish channel from 0.8835 critical for support; breach signals bearish correction. Anticipation of a breakthrough towards the 0.9000 mark amid an established bullish scenario. Interest rate decisions by the Federal Reserve and the Swiss National Bank this week. Analysing the recent dynamics of the …
Quick Look NZD/USD declined today, trading around 0.6053, marking a 0.53% drop. The US Dollar Index (DXY) surged to two-week highs, surpassing the 103.80 mark. Market sentiments suggest a 73% probability of a rate cut by the Federal Reserve in July. China and New Zealand are enhancing their free trade agreement. Anticipation builds around the …
NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade Read More »
Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan. The trading session involving …
Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10 Read More »
Quick Look: AUD/USD declined by 0.32% on Friday, ending the session at $0.65595. Key economic indicators from China and upcoming interest rate decisions by the RBA and the Fed are in focus. Bearish signals on the daily chart with the AUD/USD trading below key EMAs. The Australian Dollar against the US Dollar (AUD/USD) declined last …
AUD/USD Drops 0.32% Ahead of Key Economic Events Read More »
Quick Look: The recent downtrend in EUR/USD – 1.0980, with current activity around 1.0885. Resistance and support levels identified are crucial for the next movements. Possible rate cut in June hinted by ECB’s policymakers; Economic events like the Fed Rate decision and Eurozone inflation could heavily influence future trends. The EUR/USD pair is a critical gauge …
Quick Look PBoC sets the USD/CNY reference rate at 7.0975, defying the estimate of 7.2058. 1-Year MLF rate and 7-day RR maintained in China, signalling steady monetary policy. Net liquidity injection of 3 billion yuan amidst ongoing market regulation efforts. Post-” “quant quake” scrutiny increases, with significant adjustments in key quant funds. CSRC underscores fairness, …
Quick Look USD/CHF trades between support at 0.8670 and resistance at 0.8810, hinting at a bullish reversal. Swiss CPI aligns with forecasts; SNB holds rates at 1.75%. US economic data shows mixed signals; however, USD dominance persists in the market. EUR/CHF sees gains, with potential for further rise as long as support at 0.9510 holds. …
Swiss Franc Dynamics: USD/CHF Eyes Bullish Reversal Read More »
Quick Look The DXY Index recorded a minor decrease to 102.868, reflecting a -0.06% change. February’s CPI data aligns with expectations, showing a 0.4% increase month-on-month. Core inflation rates exceed forecasts, signalling stronger inflationary pressures. Federal Reserve’s potential rate cut in June sees a slight dip in probability, influencing Treasury yields. Technical indicators suggest a …
DXY Dips to 102.868: Inflation & Fed’s Future Moves Read More »
Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support levels identified. Upcoming US retail sales data and Fed’s policy meeting to play critical roles in …
NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move Read More »
Quick Look USD/CAD closed at 1.3484, slightly above its opening price, amidst a fluctuating oil market. WTI oil was priced at $78.51, and gold stood at $2176.72, reflecting commodity market movements. The US inflation report showed an unexpected rise, with February’s CPI at 3.2% YoY. The USD/CAD faces pressure due to trade status changes and …
Quick Look USD/JPY fell from 150.50 to 146.50, marking a significant drop. Soft U.S. economic data fuels speculation on Fed rate cuts. BoJ’s upcoming meeting could tighten monetary policy. The historical average suggests a possible reversion for USD/JPY. Market sentiment shows a bearish outlook, with 67% of traders short on USD/JPY. Last week, the USD/JPY …
USD/JPY Plunges to 146.50: Economic Shifts in Focus Read More »
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