Share: EUR/USD posts modest gains around 1.0665, up 0.07% on the day. The market expects the Federal Reserve (Fed) to hold interest rates steady at its policy meeting on Wednesday. European Central Bank (ECB) President Lagarde said the potential of further rate cuts was not considered among policymakers. Federal Open Market Committee (FOMC)
Share: USD/CAD stalls its downtrend, finding support at 1.3489, just above the 200-day Moving Average, and trades 0.14% higher. If the pair sustains above 1.3489, it could target resistance levels at 1.3550, 1.3580/90, and the psychological 1.3600 mark. A break below 1.3489 could signal a bearish resumption, exposing the 200-DMA at 1.3463 and
Share: USD/JPY advances to fresh multi-month highs near 147.85 US Michigan’s Consumer Sentiment came in lower than expected. The US DXY index reached its highest point since March 9 at 105.43 and then settled at 105.23. All eyes are now on the Fed’s decision next week. Ahead of the weekend, the USD/JPY pair resumes its
Share: As US economic data strengthens the dollar, GBP/USD trades at 1.2397, slipping below its 200-day Moving Average. Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back. With U.S. 10-year Treasury yields at 4.326% and a solid US
Share: NZD/USD is seeing 0.30% gains and rose to 0.5915. Inflation accelerated in August, driven by higher gasoline prices. US yields initially soared to two-week highs and then consolidated. Fed tightening expectations are still high. In Wednesday’s session, the NZD/USD increased towards 0.5915, near the 20-day SMA of 0.5922. That being said, the upside potential
Share: The Euro trades close to 1.0700 vs. the US Dollar. Stocks in Europe en route to a mixed close on Tuesday. EUR/USD’s upside momentum falters ahead of 1.0770. The USD Index (DXY) regains some balance following Monday’s drop. Germany Economic Sentiment improves a tad in September. The NFIB index came in below estimates in August.
Share: USD/CHF trades higher around 0.8910 on the back of Greenback’s recovery. US inflation is expected to appreciate; any deviation could influence the sentiment toward the pair. BoJ Governor Kazuo Ueda’s hawkish remarks contributed to USD weakness. USD/CHF struggles to recover from the previous day’s losses ahead of the release of the US
Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket. On
Share: As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data. Traders await key economic indicators next week, including US inflation data and New
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
