Share: AUD/USD gains traction for the second straight day and climbs to over a three-week top. The post-FOMC USD selling bias turns out to be a key factor behind the ongoing move up. A move beyond the 50-day SMA and the 23.6% Fibo. supports prospects for further gains. The AUD/USD pair builds on
Japanese Yen Prices, Charts, and Analysis The USD/JPY line in the sand has been crossed FOMC decision will steer USD/JPY in the short-term Recommended by Nick Cawley Get Your Free JPY Forecast The Japanese Yen is less than one point away from trading at its weakest level against the US dollar in over thirty-three years,
Share: USD/CAD continues to draw support from bearish Oil prices and a modest USD strength. Tuesday’s disappointing Canadian GDP also undermines the Loonie and acts as a tailwind. Traders now look to the US macro data for some impetus ahead of the key FOMC decision. The USD/CAD pair attracts some dip-buying during the
Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end
© Reuters. FILE PHOTO: A view shows the newly designed Russian 1000-rouble banknote during a presentation in Moscow, Russia October 16, 2023. REUTERS/Maxim Shemetov/File Photo By Alexander Marrow MOSCOW (Reuters) – The rouble leapt to a more than six-week high against the dollar on Friday after the Bank of Russia hiked interest rates by more
Share: CME Group’s flash data for natural gas futures markets noted traders reduced their open interest positions by more than 15K contracts on Thursday vs. the previous daily build. Volume, instead, left behind three consecutive daily drops and rose markedly by around 244.5K contracts. Natural Gas: A move to $4.00 does not look
Pound Sterling (GBP/USD) Analysis GBP/USD struggles to build positive momentum as USD makes a comeback Lack of bullish drivers for GBP ahead of high impact US data highlights bearish path IG client positioning reveals further divergence in positioning – contrarian bearish bias maintained The analysis in this article makes use of chart patterns and key
© Reuters. FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo By Hannah Lang and Kanjyik Ghosh (Reuters) -Bitcoin, the world’s largest cryptocurrency, hit a three-month high on Monday, rising 3.62% to $31,087 amid investor enthusiasm about the possibility
Share: The EUR/GBP climbed to a fresh five-month high at 0.8740 on Friday, but the Euro bid proves short-lived. The Euro is set to close out Friday’s trading session in the red, but still sees green for the week against the Pound Sterling. Next week sees EU & UK PMI double-header on Tuesday.
Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second
