Fri, March 29, 2024

USD trading

GBP/USD: British pound sterling coins.

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

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NZD/USD - NZD USD digital trading chart.

NZD/USD Nears 0.6000 Amid Global Economic Shifts

Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead.  Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts

Quick Look: The USD/JPY pair experienced a slight decline, with fluctuations highlighting market volatility. Bank of Japan’s shift from negative interest rates to a potential rate hike signals a new direction. Upcoming U.S. economic data and Fed commentary are pivotal for interest rate trajectory. The USD/JPY pair‘s journey through the forex market landscape provides a …

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Wibest – Australian Money: Australian dollar bills.

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added

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 …

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USD/JPY

USD/JPY Hits High at 151.55: Market Stays Neutral

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 …

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swiss franc and U.S. dollar - USD/CHF

USD/CHF Forecast: Key Trade Signals

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 …

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NZD/USD - New Zealand dollar bills.

NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade

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 …

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Wibest EUR/USD – Euro: Close up shot of US dollar bills.

EUR/USD Dips to 1.0872 Amid Economic Shifts

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 …

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Solana

Solana Hits 25-Month High: Eyes $250 Target

Quick Look Solana (SOL) witnesses a striking 14% increase in 24 hours, reaching a 25-month peak at $173.27. A substantial 51% price surge was observed over 30 days, with forecasts aiming for $250. RSI escalates to 80.50, hinting at potential overbuying amid bullish trends. Introduction of the Israeli Shekel-backed stablecoin, BILS, on SOL spurs optimistic …

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China Yuan Gains while the U.S. Dollar Continues Downfall

People’s Bank of China Sets USD/CNY at 7.0975

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, …

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Wibest – CHF Franc: New Swiss franc notes.

Swiss Franc Dynamics: USD/CHF Eyes Bullish Reversal

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. …

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move

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 …

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Kanzhun’s Stock Up 18.8% with Q4 Revenue Jumping 46%

Quick Look Kanzhun Ltd (NASDAQ: BZ) shares jumped 18.8%, reaching $20.79. Q4 revenue hit 1.58 billion yuan, up 46% year-over-year. Non-GAAP net income reached 628.6 million yuan. Guidance for Q1 2024 forecasts revenue between 1.64 – 1.67 billion yuan. Announced a $200 million share repurchase program starting March 20, 2024. Kanzhun Ltd, a leading player …

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