Quick Look NZD/USD: Exhibits negative momentum with RSI at 47.15 and bearish MACD, struggling below key SMAs. AUD/USD: Shows resilience with support near $0.6550, facing resistance at $0.6580 and $0.6620. Comparative Insight: NZD/USD is under pressure, while AUD/USD has the potential for short-term gains. On the daily chart, the NZD/USD pair is trading at $0.6025. …
NZD/USD Stumbles, AUD/USD Rises: Forex Trends Explored Read More »
Quick Look USD/CHF Experiences a Corrective Phase, Highlighting Market Consolidation Critical for Future Direction. Mixed US Economic Data Impacts Market Dynamics and Currency Pair Fluctuations. GBP/USD Sees Influence from US Data, Oscillating Between Key Resistance and Support Levels. Post-SNB Rate Cut, GBP/CHF Displays Volatility with Distinct Resistance and Support Levels Indicating Market Tension. Currency Market …
USD/CHF Corrective Phase: Prelude to Directional Shift Read More »
Quick Look: USD/CAD hovers around 1.3580, awaiting US labour data and the Fed’s rate decision. US Nonfarm Payrolls and JOLTS Job Openings spotlight key economic indicators. March Manufacturing PMI at 50.3, signalling growth and resilience in the sector. Market sentiment is cautious with risk-off vibes and DXY at a four-month high. Technical analysis shows an …
A Cheerful Stroll Through the USD/CAD Market Dynamics Read More »
Quick Look Japanese Yen Hits Weakest Level Since 1990: The USDJPY pair surged to its highest over three decades. Chinese Yuan Weakens Further: USDCNY climbs above 7.2 amidst continued negative sentiment towards China. Dollar Nears One-Month High: Anticipation of PCE data and Federal Reserve speeches bolsters the dollar. Central Bank Interventions in Focus: Verbal interventions …
Yen at 30-Year Low; Dollar Dominates Asian Currencies Read More »
Quick Look: John Stoltzfus raises the S&P 500 year-end target to a new high of 5,500. Surprise shift in investor sentiment with a broad capitulation among bears. Market rally broadens beyond AI-centric plays to real economy sectors. Strategists play catch-up as stock-market rally surpasses expectations. Amid a record stock market rally, Wall Street continues to …
Bulls Charge: S&P 500 Year-End Target Hits 5,500 Read More »
Quick Look EUR/USD floundered despite the Federal Reserve’s unexpectedly dovish stance. GBP and CNY weakness contributed to EUR/USD’s decline. Breaking through the 50-day moving average, the trend now leans towards selling on rallies. In an unexpected turn of events, EUR/USD struggled to gain momentum last week, even as the Federal Reserve unveiled a dovish surprise …
Quick Look India’s forex reserves hit a historic peak of $642.49 billion in the week ending March 15 Fourth consecutive week of growth in reserves, showcasing a robust uptrend Significant rise in foreign currency assets and gold reserves, underpinning the reserve’s strength In an unprecedented development that marks a significant milestone for the Indian economy, …
India’s Forex Peaks at $642.49B, Marks Historic High Read More »
Quick Look The U.S. dollar maintains its strength, set for broad gains despite rate adjustments globally. Surprise rate cut by the Swiss National Bank and historic shift in Japan’s monetary policy spotlight central banks’ strategies. Cryptocurrency and commodities react to global financial currents, with Bitcoin witnessing its sharpest weekly drop since January. In a week …
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