Forex
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Trade of The Day – GBP/USD
Facts: GBPAUD is trading below the 100-period moving average from H1 interval The pair broke below the support at 1.3600…
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Mexican Peso: Carry-driven strength extends against US Dollar – Rabobank
Rabobank’s Christian Lawrence and Molly Schwartz highlight that USD/MXN has broken below 17 for the first time since May 2024,…
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USD/JPY Price – Bulls await breakout above 50% Fibo. hurdle near 159.65
USD/JPY attracts dip-buyers for the fourth straight day amid a supportive fundamental backdrop. Fed rate hike bets remain in play,…
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Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after strong inflation data fuels expectations of another Fed rate hike. Diplomatic progress between Iran and Oman…
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British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
GBP/USD struggles to attract any meaningful buyers, though the downside seems limited. The hot US inflation data fuels Fed hike…
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Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
USD/CAD struggles to capitalize on its weekly gains amid a combination of diverging forces. Geopolitical risks support crude oil prices,…
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Australian Dollar holds strong due to RBA rate hike bets
AUD/USD holds strong on rising RBA rate hike expectations despite weak capital expenditure data. Hotter July inflation prompted major banks…
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New Zealand Dollar declines to near 0.5950 as US PCE data lift Fed rate hike bets
NZD/USD posts modest losses near 0.5950 in Thursday’s early Asian session. The US July PCE rose 0.2% on the month…
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South Korean Won gains on back-to-back BoK interest rate hikes
South Korean Won rises against the US Dollar as the BoK raises interest rates again. The BoK pushes policy rates…
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AUD/JPY Price Forecast: Gains ground to near 114.50, bullish tone prevails above 100-day SMA
AUD/JPY gathers strength to around 114.45 in Thursday’s early European session. The constructive view of the cross remains intact above…
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