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]
USD/CHF struggles to breakthrough 0.8700 mark, eases from two-week peak on softer USD
Share: USD/CHF edges lower on Tuesday and is pressured by a modest USD downtick. A positive risk tone could undermine the safe-haven CHF and help limit losses. Traders might also prefer to wait for the crucial FOMC decision on Wednesday. The … [Continue reading]
USD/CHF reclaims the 0.8700 mark as USD gains momentum
Share: USD/CHF gains momentum and reclaims the 0.8700 area on Tuesday. US S&P Global PMI data revealed that Manufacturing activity for July increased from 46.3 to 49. The Federal Reserve (Fed) will announce the outcome of its monetary policy … [Continue reading]
USD/CHF Price Analysis: Gains on strong US Dollar, oscillators are mixed ahead of Fed’s decision
Share: The USD/CHF could shift to a neutral bias if it reclaims the May 4 daily low of 0.8819, which converges with the 61.8% Fibonacci (Fibo) retracement level. Resistance beyond this point lies at the confluence of the 50-day EMA and the 78.6% … [Continue reading]
US Dollar builds on last week’s gains after PMI data
Share: US Dollar stays strong against its major rivals to start the week. US Dollar Index clings to modest daily gains above 101.00. US data showed that private sector's economic activity continued to expand in July. The US Dollar started the new … [Continue reading]
USD/IDR: BI will only dial-up its concern over the Rupiah if it tracks above the 15,200 level – TDS
Share: USD/IDR appears to be consolidating around the 15,000 level. Economists at TD Securities analyze Rupiah outlook ahead of Bank Indonesia meeting. BI to keep its 7-day reverse repo rate at 5.75% We expect BI to keep its 7-day reverse repo rate … [Continue reading]
EUR/USD: Signs of US disinflation to lift the pair toward 1.15 – ING
Share: EUR/USD now has a clear bias towards 1.15 over the coming months and quarters, economists at ING report. US disinflation undermines the Dollar Strong signs of US disinflation and bullish steepening of the US yield curve should be a EUR/USD … [Continue reading]