Mexican Peso gained 0.90% earlier on Friday but erased gains amid a weaker US Dollar. US Dollar Index hit a two-month high before retreating to 103.48, down 0.23% on Friday. China's stimulus measures provided brief support to the Peso. The Mexican … [Continue reading]
GBPUSD extends meager recovery from 1.30
GBP/USD found the gas for a thin rally on Friday. Upbeat UK Retail Sales figures helped the Pound find its footing. A broad-market pivot out of the Greenback further aided Dollar pairs. GBP/USD extended a near-term recovery rally to wrap up the … [Continue reading]
USD/JPY Price Forecast: Retreats below 150.00 sponsored on falling yields
USD/JPY retreats from a two-month high of 150.32, pressured by a decline in US Treasury yields. The pair faces key resistance at the 100-DMA and top of the Ichimoku Cloud around 150.84/151.50 before turning bullish. Further declines could see USD/JPY … [Continue reading]
NZD/JPY Price Analysis: Buyers lose momentum, eyes on SMA crossover
NZD/JPY edges lower under the 91.000 mark as selling pressure mounts. RSI declining, suggesting falling buying momentum. The 20-day SMA continues to be a strong barrier. In Friday's session, the NZD/JPY pair declined by 0.20% to 90.80, encountering … [Continue reading]
US Dollar hits the brakes, tallies a winning week
US Dollar weakens on Friday due to profit-taking. Fed speakers set to comment on monetary policy on Friday, which might set the late session’s pace. US housing data shows a decline in Building Permits and Housing Starts. The US Dollar Index (DXY), … [Continue reading]
Australian Dollar recovers on USD weakness
The Aussie Dollar benefits from a weaker US Dollar and strong employment data. China's economic slowdown weighs on risk sentiment and limits AUD gains. Soft housing data also weighed on the USD on Friday. The AUD/USD pair extended its recovery … [Continue reading]
XRP hovers above $0.55 as SEC raises no argument on the token’s legal clarity
XRP traders around $0.55 on Friday, gains less than 1% on the day. SEC’s appeal in Ripple lawsuit is now publicly available and does not raise a question on the altcoin’s legal status. SEC vs. Ripple lawsuit’s July 2023 ruling provided … [Continue reading]
Dow Jones Industrial Average tiptoes into another record high on Friday
The Dow Jones tested further into record territory despite a lack of momentum. Q3 earnings season bolstered investor confidence as earnings broadly beat expectations. US economic data further buoyed risk appetite as recession fears evaporate. The … [Continue reading]
Dow Jones Industrial Average trudges higher on Friday
The Dow Jones tested further into record territory despite a lack of momentum. Q3 earnings season bolstered investor confidence as earnings broadly beat expectations. US economic data further buoyed risk appetite as recession fears evaporate. The … [Continue reading]
US Dollar sees fades picking up speed with Fed-packed US trading session getting underway
The US Dollar sees fade broaden on Friday after a steep ride higher. Traders see China stepping up measures with deposit rate cuts and more stimulus details. The US Dollar Index rally looks to be halting for now, ahead of … [Continue reading]