Majors

Softening US Data, Rate Cuts Highlight Trend Reversals in FX Majors لینک منبع : هوشمند نیوز

Share: NZD/USD continues the downward trajectory for more than a week. NZD faces downward pressure as New Zealand’s Food Price Index fell 0.9% in October. Goldman Sachs anticipates the RBNZ to commence rate cuts starting in the fourth quarter of 2024. US inflation could grow but at a slower pace, which could put pressure

Share: EUR/USD consolidates in a narrow trading range near 1.0685 on Monday. The pair holds above the 50- and 100-hour EMAs; the RSI indicator shows a non-directional movement. The immediate resistance level is seen at 1.0718; 1.0655 acts as an initial support level. The EUR/USD pair oscillates within a narrow trading range below

Share: NZD/USD weakens as RBNZ’s inflation report suggests an economic slowdown. Kiwi’s Business Services Index fell from the previous reading of 50.7 to 48.9. Downbeat Chinese inflation could impact the Kiwi Dollar. US-China Presidential meeting is scheduled for Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. NZD/USD is caught in a

Share: Australian Dollar could continue its downward trajectory. Australia’s central bank adopted a dovish stance in their recent meeting. US Dollar seems lukewarm, despite the positive tone of US bond yields. The Australian Dollar (AUD) aims to continue a week-long slump while the US Dollar (USD) keeps weakening on Monday despite higher US Treasury

Share: GBP/USD continues its downward trend, dropping 0.16% despite the UK GDP narrowly avoiding a contraction in Q3. The Bank of England’s cautious stance mirrors the Fed’s, as both central banks adopt a meeting-by-meeting approach to monetary policy. Upcoming economic releases from the UK and US, including jobs, inflation, and retail data, are

Share: The key report for the week will be on Tuesday with the US Consumer Price Index. Additionally, more US inflation data is scheduled for Wednesday with the Producer Price Index. The Eurozone will report GDP growth, and the UK will release employment and inflation data. Australia will also release jobs data. The

Share: USD/JPY extends its rally for the fifth day, flirting with the 151.00 level, driven by rising US Treasury yields and Fed Chair Powell’s inflation concerns. Market sentiment shifts following the University of Michigan data, indicating lower confidence in the economic outlook and persistent inflation fears. Japanese Yen’s further decline is tempered by

Share: EUR/USD struggles to stay in the green zone amid weaker US Dollar. Combined technical indicators support a positive outlook for the pair. The pair could revisit the 1.0750 major level aligned to the weekly high at 1.0756. EUR/USD hovers around 1.0710 during the early European session on Thursday, struggling to continue moving

Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar Index