Forex
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EUR/JPY Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY is likely to encounter initial resistance around the nine-day EMA at 163.41. The 14-day RSI has moved below the…
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GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
GBP/USD attracts some buyers to near 1.3310 in Friday’s Asian session. US PPI unexpectedly fell in April. Better-than-expected UK GDP…
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EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
The EUR/USD pair edged higher as the US Dollar weakened in response to the latest economic data. US Producer Price…
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AUD strengthens as US Dollar struggles on rising odds of Fed rate cuts
The Australian Dollar advances due to easing global trade tensions. The AUD may face challenges despite a strong Australian labor…
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JPY advances to fresh weekly top against USD despite weaker GDP
The Japanese Yen strengthened against the USD for the fourth straight day on Friday. BoJ rate hike bets overshadow Japan’s…
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USD/INR tumbles as crude oil prices fall
Indian Rupee rebounds in Friday’s Asian session. Lower crude oil prices underpin the INR, but persistent interbank USD demand and…
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NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD gains ground as RBNZ Inflation Expectations rose to 2.29% quarter-over-quarter in Q2, up from 2.06% prior. The risk-sensitive NZD…
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EUR/AUD Recommendation From Credit Agricole
Credit Agricole has issued a recommendation for the EURAUD currency pair. Credit Agricole recommends taking a short position on the…
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GBP/JPY: Remains under selling pressure below 194.00, bullish bias prevails
GBP/JPY attracts some sellers to near 193.85 in Thursday’s early European session. The positive view of the cross prevails above…
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USD/CHF trades with negative bias around 0.8400, downside potential seems limited
USD/CHF attracts some sellers on Thursday amid a modest USD weakness. The US-China trade deal optimism might cap the CHF…
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