Recently, NZD/JPY has experienced a slight increase, reaching 89.30 and testing the 20-day Simple Moving Average (SMA). This movement indicates a potential shift in the market sentiment towards the currency pair. Looking at the technical indicators, the Relative Strength Index (RSI) is hovering around the 50 mark. Meanwhile, the Moving Average Convergence Divergence (MACD) is
Forex News
The AUD/USD pair saw an uptick, reaching 0.6950, following Reserve Bank of Australia’s (RBA) Governor Michele Bullock’s remarks. Despite mixed economic forecasts and rising inflation, the market responded positively to Bullock’s hawkish stance. Her comments indicated a cautious approach towards potential inflation risks, stating that it was too early to consider rate cuts. This stance
Silver prices experienced a decline on Friday, with the cost per troy ounce dropping to $28.24 from $28.36 the day before. Despite this recent dip, silver prices have actually increased by 18.70% since the start of the year. The Gold/Silver ratio, which compares the value of one ounce of Gold to the equivalent number of
The AUD/JPY cross has gained momentum near 97.55 during the Asian session, marking a 0.36% increase for the day. One of the contributing factors to this uptrend is the positive Chinese economic data released. In July, Chinese Retail Sales rose by 2.7% year-over-year, surpassing market expectations and providing support to the Australian Dollar. However, the
The persistent selling bias surrounding the Greenback has continued, resulting in subdued price action for yet another session. This downward trend has been exacerbated by the latest July CPI data, which confirms the ongoing disinflationary pressures in the US economy. The USD Index (DXY) experienced a drop to multi-day lows near 102.30 as a direct
The recent trading sessions have seen the USD/CHF pair trading in positive territory near 0.8670. The focus of investors has now shifted towards the upcoming US economic data releases. The US Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Sales data are set to be released this week on Tuesday, Wednesday, and Thursday
The USD/CAD pair is currently trading around 1.3740 in the Asian session, with traders awaiting the US Producer Price Index (PPI) data for fresh trading impetus. The recent surge in crude oil prices and expectations of a Fed rate cut in September are factors that might support the Canadian Dollar (CAD) in the short term.
The AUD/USD pair saw a significant boost, settling near the 0.6600 level. This move came as a result of the Reserve Bank of Australia (RBA) maintaining its hawkish position. The RBA’s unwavering stance, coupled with stronger Chinese inflation figures, provided a strong foundation for the Australian Dollar (AUD). However, the escalating geopolitical tensions in the
The AUD/USD pair slightly retreated, settling near 0.6575 on Friday, experiencing a modest descent of 0.30%. The Reserve Bank of Australia (RBA) maintained its hawkish stance, leading to a buoyant Australian Dollar despite the setback. Investors were also digesting Chinese inflation reported during the European session, which added to market sentiment. The RBA’s unwavering hawkish
The recent surprising decision by Mexico’s central bank, Banxico, to lower interest rates by 25 basis points in a 3-2 split decision has left many market participants scratching their heads. Despite concerns over rising inflation and stagnating economic growth, Banxico signaled its intention to implement further easing measures in the near future. This move has
China’s latest CPI report for July revealed some interesting trends in inflation. While headline inflation saw a modest increase of 0.3 points to 0.5%, the core measure of inflation actually fell to 0.4% in July from 0.6% in the previous months. Additionally, the release of the latest PPI report indicated that producer price deflation continued
The GBP/USD pair has been on the rise, with traders anticipating a rate cut by the US Federal Reserve in September. This surge in the pair can be attributed to the increased expectations of a quarter-basis point interest rate reduction by the Fed. The CME FedWatch tool is reflecting full pricing of the rate cut
- « Previous Page
- 1
- …
- 11
- 12
- 13
- 14
- 15
- …
- 26
- Next Page »