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Forex News
“Uncovering the Truth: USD/JPY’s Oversold Status May Not Hit 150.60, According to UOB Group”
The Weak US Dollar: What Does it Mean for You? Is the US Dollar Headed for Further Weakness? The US Dollar (USD) has been on a downward trend recently, and according to analysts at UOB Group, further weakness is not out of the question. The currency is currently deeply oversold, which suggests that any potential…
“Unleashing the Potential of Gold: Can XAU/USD’s Rally Persist?”
Gold prices have been steadily climbing once again, with a 0.3% increase on the session. This marks the sixth consecutive weekly gain for the precious metal, showcasing its resilience in the face of economic uncertainty. The upcoming US jobs report could potentially have a negative impact on gold prices, but for now, investors are bullish…
“Unlocking the Potential: NZD/USD Forecasted to Soar to 0.5725 by UOB Group”
Chance for New Zealand Dollar (NZD) to Edge Higher Long-term Outlook for NZD According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, there is a possibility for the New Zealand Dollar (NZD) to see some gains in the near future. They predict that any advance is unlikely to break above 0.5705 in…
“Navigating the AUD/USD: Pressure Persists Near 0.6300 as US NFP Looms Ahead”
Feeling the Pressure: AUD/USD Pair Struggles to Break Through 0.6300 Mark The Stalemate in Friday’s European Session As the AUD/USD pair ticks higher in Friday’s European session, traders are feeling the tension build up. The pair has been struggling to break through the key resistance level of 0.6300, facing pressure from both sides. The Aussie…
“Breaking Boundaries: Why the AUD/USD’s Rise Above 0.6310 is Unlikely, According to UOB Group”
AUD Faces Mild Upward Pressure Testing Resistance at 0.6310 The Australian Dollar (AUD) is currently facing mild upward pressure in the foreign exchange market. Analysts predict that it could potentially test a resistance level at 0.6310, although a sustained break above this level is considered unlikely. However, if the AUD manages to close above 0.6310,…
“USD/CAD Set to Rise: BBH Analysis on Current Market Conditions”
USD/CAD Stabilizing Around Key Technical Support Analysis by BBH FX Analysts USD/CAD is currently stabilizing around key technical support at 1.4300, as noted by analysts at BBH FX. This level is pivotal in determining the future direction of the currency pair, with potential implications for traders and investors. Market Dynamics The USD/CAD exchange rate is…
“USD/JPY Bounces Back, But the Path Ahead Remains Unclear – A Forex Update”
The Impact of Currency Market Fluctuations Understanding the Current Market Situation The low earlier in Asia touched 150.95 before buyers stepped back in and we’re now trading 100 pips above that. It’s a bit of a tricky one for the pair as the dollar has hardly showed much convincing appetite against the rest of the…
“Breaking Boundaries: GBP/USD Forecasted to Fluctuate Between 1.2310 and 1.2550, According to UOB Group”
GBP Outlook: A Rangebound Period Ahead What to Expect The outlook for the GBP is currently mixed, with analysts predicting that the currency could trade between 1.2390 and 1.2500 in the near term. However, in the longer run, experts at UOB Group believe that the GBP is likely to stay within a range of 1.2310…