Share: GBP/USD remains flat around 1.2500, near a three-month low hit on Wednesday. The pair holds below the 50- and 100-hour EMAs on a one-hour chart. The first support level is located at 1.2465; immediate resistance level is seen at 1.2515. The GBP/USD pair consolidates its recent losses around 1.2500 during the Asian
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to
Share: US Dollar Index remains dicey after a downbeat start to the week that snapped two-day winning streak. Mixed US data, unimpressive Fed talks confirms September inaction, odds of witnessing one rate hike in 2023 defend DXY bulls. US Labor Day holiday, China-inspired risk-on mood allowed Greenback buyers to take a breather. US
Share: AUD/USD trades higher around 0.6440 on the back of improved Australia’s Retail Sales. 10-year US bond yield declined to 4.18%; Greenback experiences losses. The stability of China’s economy could underpin the Aussie pair. AUD/USD continues its winning streak for the second consecutive day, trading around 0.6440 during the Asian session on Tuesday. The US
Share: GBP/USD trades lower on the back of downbeat UK PMI data. UK Composite PMI fell below 50 for the first time since January. Weaker PMIs from both countries, flaring the likelihood of rate hikes in September meetings. GBP/USD extends its losses and trades lower around 1.2710 during the Asian session on Thursday.
Share: AUD/USD picks up bids to refresh intraday high, reverses from YTD low. Mixed RBA Minutes, softer Aussie wage growth and downbeat China data prod Aussie bulls but US Dollar’s retreat favor recovery. Oversold RSI challenges Aussie bears beyond 0.6460-55 support zone. Multiple hurdles stand tall to test upside; 0.6600 appears the key
Share: The Nasdaq 100 and S&P 500 indices, most closely followed by retail investors and traders, have faced some downward pressure since early August, but the latter still has a chance of maintaining an uptrend. The Nasdaq ended last week with a 0.7% loss on Friday, a 1.9% loss for the whole week
Share: The US Dollar is unchanged near the New York opening bell. Very light data calendar points to a rather uneventful day in the wake of US inflation data on Thursday. The US Dollar Index nudges lower, eyes key support test. The US Dollar (USD) is trading sideways to slightly lower as markets
Share: NZD/USD bounces off the two-month lows and holds ground near 0.6060 on Wednesday. The downbeat Chinese trade data exerts some pressure on the Kiwi. The US trade deficit narrowed sharply in June; Imports fell to the lowest level since November 2021. Investors await Chinese inflation data, New Zealand inflation expectations report. The
Share: EUR/GBP oscillates around the 0.8604–24 region in a narrow trading band. The German Harmonized Index of Consumer Prices (HICP) came in at 6.5%, as expected. The Bank of England (BoE) policymaker said interest rates were expected to remain high for a longer period. The EUR/GBP pair oscillates in a narrow range around 0.8620 heading into the
