Forex News
NZD/USD Price Analysis: Pair Trades Neutral, Remains Below 20-Day SMA
The NZD/USD pair traded neutrally on Monday, around 0.5960, and remains well below the 20-day Simple Moving Average (SMA). Technical Analysis The NZD/USD pair has been trading in a tight range on Monday, hovering around the 0.5960 level. The pair is currently well below the 20-day Simple Moving Average (SMA), indicating a bearish trend in…
Unleashing the Power of the Pound: How the 2024-11-11 Exchange Rate to Euro Soared to a 31-Month High Thanks to Trump’s Trade Deals
The Euro and Pound in Global Currency Markets The Euro’s Struggles The Euro has been facing a tough time in global currency markets lately. The primary reasons for this include fears surrounding US trade policy and the recent collapse of the German government. These factors have combined to create a sense of unease among investors…
Clever, Personable, and Unconventional: AUD/USD Stabilizes as Traders Await Economic Signals
AUD/USD Pair: Navigating the Week Introduction The AUD/USD pair is currently trading around 0.6590, maintaining a steady tone as it navigates the week. Last Friday, the pair experienced a significant drop due to disappointment over China’s economic stimulus measures. However, it has found a momentary respite as it consolidates recent movements. Analysis Despite the initial…
EUR/USD: Brace Yourself for a Bumpy Ride – OCBC Predicts Downside Bias!
The Rollercoaster Ride of the Euro Political Uncertainty and Trade Woes Have you been keeping an eye on the Euro lately? If you have, you would know that it has been quite the wild ride. The Euro continued to trade near recent lows, thanks to a perfect storm of political uncertainty in Germany and concerns…
Say Goodbye to Your Savings: USD/CAD Climbs Over 1.39 as Oil Prices Drop and Trump Threatens Tariffs
Money Talks: The USD/CAD Rollercoaster On the Rise So, you’ve been keeping an eye on the USD/CAD pair, huh? Well, it looks like the US Dollar is flexing its muscles again and the Canadian Dollar is feeling the heat. As traders get all worked up about what the Federal Reserve might do next, it seems…
Has Gold Reached its Peak? A Quirky and Engaging Look at the Latest Gold Price Forecast
Gold Bulls: Riding High in 2021 What a year it has been for gold bulls! The shiny metal has seen a massive lift, with the bullish trend expanding by a whopping 40% from the February low to the high just two weeks ago. Along the way, the Relative Strength Index (RSI) has gone overbought on…
Oops, USD/JPY Takes a Breather: A Fun and Friendly Forecast of the Major Trendline and Uptrend Status
Feeling Upbeat About USD/JPY A Short Story About a Long Trendline So there I was, staring at my trading screen and watching USD/JPY do its thing. The pair had pulled back to support from a major trendline for the long-term uptrend at about 152.55. Despite the correction, I couldn’t help but feel optimistic. After all,…
Expert Analysis: AUD/USD Faces Potential Decline as 100-Day SMA Resistance Holds Strong
The Impact of the AUD/USD Pair Movement Introduction The AUD/USD pair recently failed to capitalize on a strong move-up to the 0.6700 neighborhood, as it retreated from the vicinity of the 100-day Simple Moving Average (SMA) resistance. Spot prices extended their intraday descent through the first half of the European session on Friday, dropping to…