Technical Analysis of EUR/USD: Key Support and Resistance Levels
The EUR/USD currency pair remains one of the most actively traded instruments in the global forex market, attracting traders and investors seeking opportunities based on economic developments, central bank policies,…
EUR/USD holds near highs with risk aversion easing
The Euro remains above 1.1600 following Eurozone data releases. Eurozone inflation accelerated in November, although the core HICP remained steady. The region’s Unemployment rate increased to a 16-month high. EUR/USD…
EUR/USD holds near highs as Trump’s comments support risks appetite
The Euro keeps appreciating and reaches one-week highs above 1.1650. Hopes of a US-China trade deal and market expectations of a Fed rate cut on Wednesday keep risk appetite alive.…
USD/JPY claws back early losses and rebounds to near 150.20 as US Dollar recovers
USD/JPY recovers early losses as the US Dollar rebounds from the 10-day low. US-China trade tensions improve the safe-haven demand of the Japanese Yen. Fed dovish bets have escalated amid…
AUD/USD dives over 1% to near 0.6440 as Australian Dollar underperforms across the board
AUD/USD plunges to near 0.6440 as the announcement of additional port fees by China has battered the Australian dollar. RBA minutes showed that policymakers see signs of sticky inflationary pressures.…
USD/CHF trades cautiously near 0.8000 at the start of busy US-data week
USD/CHF struggles for firm-footing as the Fed is expected to cut interest rates this month. The US Dollar trades cautiously ahead of an array of US labor market-related data. This…
AUD/USD: Expected to trade in a range of 0.6550/0.6595 – UOB Group
Australian Dollar (AUD) is expected to trade in a range of 0.6550/0.6595 against US Dollar (USD). In the longer run, should AUD break clearly above 0.6595, it could trigger a…
Pound Sterling extends gains against US Dollar as hit from US debt downgrade lingers
The Pound Sterling moves further up to near 1.3380 against the US Dollar as Moody’s downgraded the US sovereign debt and fresh concerns over US-China trade emerge. China accused the…
EUR/USD Climbs Back Over 1.1300 With Eurozone CPI, US NFP in Focus
EUR/USD ticks up as traders adjust positions ahead of key Eurozone and US economic data releases. The preliminary Eurozone PMI data could impact the Euro before the highly anticipated US…
AUD/JPY Surpasses 91.00 Mark Amid Key Economic Releases from Australia, Japan
AUD/JPY climbs as Australian Dollar gains support from robust domestic inflation data and mixed Chinese PMI results. Australian Treasurer Jim Chalmers noted that, despite the rise in inflation, market expectations…
