Forex
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AUD loses recent gains as US Dollar rises ahead of ISM Manufacturing PMI
The Australian Dollar loses ground ahead of the US ISM Manufacturing PMI data release on Thursday. Australia’s Bureau of Statistics…
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GBP/USD drops as US economy shrinks, inflation holds firm
The US economy contracts 0.3% in Q1, missing forecasts and raising stagflation concerns. Inflation accelerates with Q1 price index at…
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EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
EUR/GBP trades near the mid-0.8500s after gaining ground post-European session. Bullish bias intact despite mixed short-term signals. Key moving averages…
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USD/CHF down as soft US data and China slowdown hit sentiment
The USD/CHF is trading lower, hovering near the week’s lows, as recession fears and weak Chinese PMIs weigh on sentiment.…
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Trade of The Day – NZD/JPY
Facts:An upward trend has been in force since April 9The bounced off the key support at 84.40 Recommendation: Trade: Long position on…
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EUR/USD recovers as US Dollar falls back after weak US Employment, GDP data
EUR/USD rebounds to near 1.1385 as the US Dollar surrenders some gains after the release of the US ADP Employment…
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Pound Sterling declines against USD despite US economic contraction
The Pound Sterling retraces against the US Dollar to near 1.3350 as the former underperforms across the board. The US…
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EUR/USD slips as Eurozone major economies report soft inflation data
EUR/USD falls to near 1.1370 as major nations in the Eurozone have indicated that price pressures grew moderately. The pair…
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Chart of The Day – EUR/USD
Today, EURUSD is trading around $1.1395-$1.1400 declining by a modest 0.10%. The pair surged 5.10% in April so far, its…
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NZD/USD remains confined in a narrow range below mid-0.5900s after Chinese PMIs
NZD/USD lacks any firm intraday direction amid a combination of diverging forces. A positive risk tone supports the Kiwi, though…
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