Forex
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AUD/NZD Price Forecast: Retreats below 1.2200 on hawkish RBNZ, weak Australian data
AUD/NZD retreats from 1.2286 highs to levels below 1.2200. A hawkish RBNZ and soft Australian CPI figures are hammering the…
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Offshore Yuan Returns to Over 3-Year High
The offshore yuan edged higher to around 6.78 per dollar on Wednesday, returning to its strongest level since February 2023,…
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GBP retreats from monthly high vs JPY; downside seems limited
GBP/JPY attracts some sellers on Tuesday and is pressured by a combination of factors. Rebounding USD, delayed BoE rate hike…
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EUR/JPY Price Hovers around 185.00, descending channel top
EUR/JPY hovers near the upper boundary of the channel around 185.00. The 14-day Relative Strength Index sits at 49.05 near…
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EUR/USD Price Near-term tone remains bearish as 20-day EMA slopes downwards
EUR/USD ticks lower to near 1.1633 as US forces strike at Iranian missile launcher sites. The US military clarified that…
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US Dollar Index holds gains above 99.00 due to renewed safe-haven demand
US Dollar Index rises after US forces launched self-defense strikes in southern Iran on Monday. Trump noted that Iran deal…
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Australian Dollar loses traction as US launches self-defence strikes on southern Iran
AUD/USD loses ground to near 0.7165 in Tuesday’s Asian session. US military said it carried out new strikes on southern…
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USD/CHF Price Forecast: Strengthens on renewed US-Iran tensions, but technical outlook stays bearish
USD/CHF strengthens to around 0.7830 in Tuesday’s early European session. New US strikes dampen peace deal optimism, supporting the US…
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Euro softens against British Pound despite ECB hike prospects
EUR/GBP declines to near 0.8635 in Monday’s early European session. ECB rate hike chance rises as Iran conflict fuels inflation. …
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Canadian Dollar gains ground amid hopes of a deal to reopen the Strait of Hormuz
USD/CAD weakens to near 1.3805 in Monday’s early European session. The US Secretary of State said, “Either reach a good…
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