Forex
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British Pound retreats from weekly high vs firmer USD as focus shifts to BoE, US data
GBP/USD meets with a fresh supply as the USD regains positive traction after the post-FOMC fall. Fed rate hike remains…
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Australian Dollar gains despite cooling domestic Inflation, hawkish Fed hold
AUD/USD may depreciate as the US Dollar could find support, as three policy members dissented in favor of a rate…
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Canadian Dollar consolidates as Mideast crisis supports oil and USD ahead of US data
USD./CAD struggles to gain any meaningful traction amid a combination of diverging forces. The USD recovers a part of the…
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New Zealand Dollar rises as ANZ Business Outlook Index jumps in July
NZD/USD rises as New Zealand’s July ANZ Business Outlook Index surged to 56.1, its highest since February. Markets widely anticipate…
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Japanese Yen softens after Fed leaves rates on hold
USD/JPY edges higher to around 163.50 in Thursday’s Asian session. Fed voted 9–3 to leave its benchmark interest rate unchanged…
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Trade of The Day – AUD/NZD
Facts: The pair is trading below a key resistance at 1.2086 AUDNZD sits below 100-period moving average Recommendation: Trade: Short…
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Chart of The Day – AUD/USD drops with inflation! The biggest hawk is folding its wings?
The Australian dollar is sliding today against all G10 currencies in response to lower-than-expected CPI inflation data in Australia (AUD/USD,…
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British Pound gains ground as US Dollar struggles ahead of Fed decision
GBP/USD gains as the US Dollar declines amid high uncertainty for the Fed’s upcoming rate decision. Middle East geopolitical tensions…
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EUR/JPY Price Forecast: Eyes rising wedge top at 187.00
EUR/JPY could find primary resistance around the rising wedge top at 187.00. The 14-day Relative Strength Index around 60 maintains…
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Euro advances as US Dollar declines ahead of Fed policy decision
EUR/USD climbs as the US Dollar weakens ahead of the Fed’s anticipated interest rate hold. Traders price in an unusually…
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