NZD/USD edged higher and closed above the 20 SMA support around 0.6120. With the technical outlook now showing signs of bullishness, the pair tests resistance around the 0.6150 level. On Friday, the NZD/USD saw gains of 0.40% to 0.6050, as it … [Continue reading]
EUR/USD churns but finds fresh Friday highs after US NFP sparks rate cut hopes
EUR/USD clipped into 1.0840 after broad-market risk appetite rally after US NFP print. Sharp NFP revisions have reignited hopes for a September Fed rate cut. Coming up next week: Fed Chair Powell, US CPI print, German Retail Sales. EUR/USD whipsawed … [Continue reading]
GBP/USD continues win streak, extends rally post-NFP
GBP/USD climbed above 1.2800 after US NFP figures sparked risk rally. Broad-market risk sentiment recovered on Friday as rate cut hopes reignite. Coming up next week, Fed Chair Powell appearance, US CPI, UK industrial activity. GBP/USD rallied back … [Continue reading]
Mexican Peso rockets to 3-day high, ends week with 1% gain
Mexican Peso hit an eight-day high of 17.99 before losing traction. Light economic week in Mexico; upcoming data includes May CPI, Consumer Confidence, and Banxico meeting minutes. US Nonfarm Payrolls exceed expectations; revisions to prior months … [Continue reading]
AUD/JPY Price Analysis:Bulls Pause, pair remains steady above 108.00
AUD/JPY moderates, hovering steadily above the 108.00 mark, wrapping up a week with a 1% gain. Buyers are taking a breather and keeping the cross in cycle highs. A healthy correction shouldn’t be taken off the table. In the trading session of … [Continue reading]
Canadian Dollar falls apart on Friday after Canadian jobs data misses the mark
Canadian Dollar backslides across the board after net jobs contract. Canada printed the second net negative jobs figure in 2024. Losses limited against the Greenback after sharp revisions to US NFP. The Canadian Dollar broadly soured on Friday, … [Continue reading]
XRP drops to $0.40 as Ripple and altcoins are hit by marketwide correction
Bitcoin price drop under support at $55,000 ushered a market-wide correction in top altcoins, including XRP. Ripple erased all gains from the past fifteen months and hit $0.40 early on Friday. XRP extended losses by 7%, down to $0.38 on … [Continue reading]
Gold continues to rally as investors foresee lower interest rates on the horizon
Gold extends its positive run as the probability of the Federal Reserve lowering interest rates increases. A run of weak data from the US indicates inflationary pressures are waning, and interest rates could fall. The US Dollar weakens, … [Continue reading]
EUR/USD Price Analysis: Moves above 1.0800; next barrier at upper boundary of the channel
EUR/USD may test the upper boundary of the ascending channel around the level of 1.0870. The 14-day RSI suggests a confirmation of a bullish trend for the pair. The pair could find key support around the nine-day EMA at the 1.0766 level. EUR/USD … [Continue reading]
Ethereum breaches key support as SEC delays ETF decision
SEC delays decision on Ethereum ETF S-1 drafts as analysts shifted their potential launch date again. Ethereum whale risks liquidation if ETH declines to $2,984. Ethereum breaches key support amid key insight from CME open interest. Ethereum is down … [Continue reading]