Share: USD/MXN licks its wounds within one-week-old trading range. MACD, RSI signals prod short-term Mexican Peso buyers but falling trend channel from mid-May keeps the bulls hopeful. Fortnight-old horizontal support acts as additional trading … [Continue reading]
Forex Today: Dollar weakens modestly after the Fed, focus turns to ECB and US data
Share: Market participants will continue to digest the FOMC meeting during the Asian session. Economic data due On Thursday includes the Export and Import Price Index in Australia. Later in the day, the ECB is expected to raise interest rates by … [Continue reading]
Russia Industrial Output came in at 6.5% below forecasts (6.7%) in June
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD Index: Lower close on the day to confirm a bearish technical reversal, capping recent gains – Scotiabank
Share: USD eases back as markets await the Fed decision and messaging on the outlook. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Greenback’s outlook. USD is susceptible to market focus on the peak in tightening cycle I think the USD … [Continue reading]
USD/JPY: An advance to 143.00 now appears unlikely – UOB
Share: Further gains to the 143.00 region in USD/JPY now seems to have lost some momentum, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD … [Continue reading]
EUR/JPY snaps two-day losing streak below 156.00 amid firmer yields, ignores IMF’s push for hawkish BoJ move
Share: EUR/JPY remains sidelined during the first profit-making day in three. Yields benefit from sour sentiment ahead of key central bank announcement, China news. Disappointing Euro data, IMF’s suggestion to BoJ prod pair buyers. Risk catalysts … [Continue reading]
Shiba Inu price rises on speculation of Elon Musk’s Twitter moves
Share: Shiba Inu price is up 20% since mid-June, rallying north as Elon Musk continues to revamp Twitter. As part of ongoing changes, chatter around SHIB's involvement in the development has inspired optimism among traders. Community members … [Continue reading]
AUD/USD Forecast: Positive momentum for the Aussie ahead of CPI and FOMC
Share: AUD/USD Current Price: 0.6785 The Aussie rose again, supported by risk appetite and mixed commodity prices. Australian inflation data is due on Wednesday, followed by the FOMC decision. The AUD/USD pair is rising further from weekly lows, … [Continue reading]
EUR/USD Price Analysis: Another test of 1.1000 looms closer
Share: EUR/USD remains under pressure and drops to 1.1025. Further losses could see the 1.1000 key level revisited. EUR/USD remains well offered and navigates the lower end of the weekly range near the 1.1020 zone on Tuesday. In light of the … [Continue reading]
Euro remains under pressure well south of 1.1100, looks at data, FOMC
Share: Euro fades the initial bullish move to 1.1090 against the US Dollar. Stocks in Europe start Tuesday’s session in a mixed bias. EUR/USD probes new lows near 1.1050 post-IFO. Germany’s Business Climate surprises to the downside in July. US … [Continue reading]