Forex News
Feelin’ the Forex Blues: EUR/USD Stuck in a Seven-Week Slump as Fed Rate Predictions Shift
As of Tuesday, EUR/USD remains near a seven-week low Market Focus on Federal Reserve’s Interest Rate Trajectory Hey there, fellow traders and finance enthusiasts! Have you been keeping an eye on the EUR/USD pair lately? As of Tuesday, the pair is still hanging around the 1.0984 mark, trying to find some stability in the midst…
Discovering the Potential of NZD/USD: A Look at the Next Major Support Level of 0.6075 according to UOB Group
Oversold Conditions in the New Zealand Dollar (NZD) Insights on NZD Trading Range According to FX analysts Quek Ser Leang and Lee Sue Ann from UOB Group, oversold conditions in the New Zealand Dollar (NZD) suggest that any declines in its value are likely part of a lower trading range of 0.6105 to 0.6165. While…
Feeling the Market: NZD/USD Falls to Lowest Point in a Month, Finding Support at 200-Day SMA Near 0.6100
The Impact of NZD/USD pair on the Market Introduction As the NZD/USD pair continues to attract sellers, it is evident that the market sentiment towards this currency pair is bearish. The pair has been drifting into negative territory for the sixth successive day, with spot prices dropping to a one-month low. This downward trend has…
EUR/GBP Rises as Traders Continue to Digest Bailey’s Comments
EUR/GBP Exchange Rate Update: Pound Sterling Resumes Negative Trend Introduction EUR/GBP exchanges hands in the 0.8390s after gaining over a third of a percent on Monday as the Pound Sterling (GBP) resumes its negative trend of recent days, triggered by remarks from the Governor of the Bank of England (BoE) Andrew Bailey. The pair’s gains…
Kiwis Take a Tumble: NZD/USD Forecast Drops Below 0.6150 as Traders Gear Up for RBNZ’s Big Move!
Feeling the Burn: NZD/USD Pair Continues to Slide The NZD/USD pair just can’t seem to catch a break. For the fifth consecutive trading session, the Kiwi asset has been on a downwards spiral, leaving traders scratching their heads and investors feeling a bit queasy. What’s causing all this drama, you may wonder? Well, there are…
Sayonara, 0.68! AUD/USD Takes a Tumble as US Job Data Crushes Hopes of a Fed Rate Cut
Trading AUD/USD: Navigating the Ups and Downs Oh the drama! The AUD/USD pair has been putting on quite the show in the trading world lately. Just when you think it’s smooth sailing, a storm brews up and sends the pair into a tailspin. Let’s dive into the latest plot twist… The Plot Thickens Picture this:…
Unlocking the Potential: A Silver Lining in the Forecast for XAG/USD Bulls
Silver (XAG/USD) Weakens as New Week Begins Introduction Silver (XAG/USD) started the new week on a weaker note, extending Friday’s late pullback from the $33.00 mark, which was its highest level since December 2012. The white metal is currently trading around the $32.00 mark in the first half of the European session. While the technical…
Defending the 50 Fibo: A Love Story Between AUD/USD and Bulls (But Are They Really Committed Above 0.6800?)
Feeling Positive: The Latest on the AUD/USD Pair Hey there, fellow traders and finance aficionados! Let’s kick off this week with a little chat about the AUD/USD pair, shall we? It looks like we’re starting on a good note, with the pair snapping a two-day losing streak and hitting pause on its recent pullback from…