Introduction: The AUD/USD currency pair has struggled to gain bullish momentum in recent trading sessions as traders remain cautious ahead of the highly anticipated US Consumer Price Index (CPI) report. The currency pair saw early gains on the back of a positive risk tone, but a stronger US dollar has.
Introduction According to the latest market analysis by UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, USD/JPY may experience a downward momentum that could result in the pair slipping back to the 131.50 region. In this article, we will delve into the details of their analysis.
Introduction: The GBP/USD currency pair fell on Monday, March 13, 2023, after a four-day winning streak, reaching a one-month high of 1.4200. The decline came as the US dollar regained strength due to a rise in US bond yields. Meanwhile, the mixed UK jobs data failed to provide any impetus.
EUR/USD has been holding steady at 1.07 despite a significant move in US rates. According to economists at ING, the direction of the pair is likely to be determined by the Fed’s response to recent market turbulence, particularly the fallout from the SVB crisis. Unwinding of Hawkish Rhetoric Expected to.
The European currency has given up some recent gains and briefly tested the 1.0680 region as Italy’s Industrial Production falls short of expectations. The US CPI report is also awaited in the NA session. EUR/USD Corrects Lower as Italy’s Industrial Production Falls Short of Expectations The EUR/USD currency pair has.
Introduction: The Australian dollar has been on a bullish streak lately, with the AUD/USD currency pair reaching its highest point in almost two months. The surge in value is due to a combination of factors, including a risk-on sentiment led by SVB, receding hawkish bets on the Federal Reserve, and.
Introduction: The USD/JPY currency pair has hit a one-month low as bearish signals intensify. The pair’s recent decline has been driven by several factors, including a U-turn from the DMAs, a rejection of a bullish channel, and the strongest bearish MACD signals since early February. In this article, we will.
Introduction: The GBP/USD currency pair has been showing a mixed outlook in recent weeks. According to market strategists Quek Ser Leang and Peter Chia, the pair is expected to trade within a specific range over the coming weeks. In this article, we will explore their predictions in detail and provide.
Introduction: The EUR/USD currency pair has been on an uptrend for the past three days, hovering around a one-month high. However, the convergence of 50-DMA and 38.2% Fibonacci retracement level are posing challenges for buyers. On the other hand, the sustained bounce off 100-DMA and the strongest bullish MACD signal.
The EUR has been gaining momentum and is expected to advance further to 1.0740, according to the 24-hour view. However, major resistance at 1.0800 is not expected to come under threat. A breach of minor support at 1.0620 could indicate a easing of upward pressure. EUR gains momentum, expected to.
The USD/JPY has been in a bullish trend since the start of the year, rising from a low of 127.20 to a high of 137.90. However, last week’s decline in the currency pair has confirmed a short-term topping pattern at the 137.90 level, which is supported by a bearish divergence.
The GBP/USD sentiment has turned bullish as the number of traders going long on the currency pair has increased, according to the latest retail trader data. The data shows that 47.59% of traders are net-long, with the ratio of traders short to long at 1.10 to 1. This suggests that.