NZD/JPY fell 0.27% on Friday, trading near the 90.30 level. Pair tallied a 3-day losing streak and seems to be scaping the 90.00-92.00 range to the downside. RSI and MACD bearish, signaling potential further losses toward 90.00. The NZD/JPY pair has … [Continue reading]
Dow Jones Industrial Average squeezes out another 400 point gain on Friday
The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped … [Continue reading]
Canadian Dollar lags on mixed Friday data prints
The Canadian Dollar treaded water to wrap up the trading week. Canada saw a slight decline in home prices, Retail Sales meet expectations. Broad-market sentiment supports the Greenback, limiting Loonie options. The Canadian Dollar (CAD) waffled into … [Continue reading]
Silver Price Forecast: XAG/USD surges above $31.00 as US yields fall
Silver rebounds to reclaim the $31.00 mark, buoyed by a drop in US Treasury yields and ongoing market dynamics. Technical landscape shows resistance at the 50-day SMA of $31.75, with potential targets extending to $32.00 and $33.00. Key support … [Continue reading]
Australian Dollar retreats as US Dollar gains momentum after S&P PMI data
Aussie dropped 0.27% to 0.6495 in Friday's trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P PMI data from the US came in strong. The AUD/USD declined just below 0.6500 as the … [Continue reading]
EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
EUR/CAD fell 0.56% on Friday to trade close to 1.4550. Pair extended losing streak to four sessions and fell to a low since February. Oversold indicators signal potential correction, but negative outlook remains. The EUR/CAD extended its losing … [Continue reading]
USD/SGD: 2-way trades – OCBC
USD/SGD rebounded as markets continue to trade 2-way, caught between the forces of heightened geopolitical tensions and policy uncertainties associated with Trump presidency. Swings in RMB, JPY continued to drive USDSGD in the near term. Pair was … [Continue reading]
Australian Dollar remains subdued as US Dollar appreciates ahead of PMI release
The Australian Dollar loses ground as the US Dollar appreciates due to the rising likelihood of slower Fed rate cuts. Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into … [Continue reading]
WTI recovers above $70.00 as Russia-Ukraine war escalates
WTI price gains momentum to near 70.25 in Friday’s Asian session. The supply worries due to the escalation of the Russia-Ukraine war lift the WTI price. US crude oil inventories built and a stronger USD might cap the WTI’s upside. … [Continue reading]
NZD/JPY Price Analysis: Pair resumed losses, remains sideways in range, neutral outlook
The cross saw a decline of 0.71% in Thursday’s session. NZD/JPY remains range-bound between 90.00 and 92.00, with selling pressure weighing. Until a decisive breakout occurs either way, the cross is set to continue sideways trading. The NZD/JPY … [Continue reading]