Forex News

EUR/CHF Edges Lower after Eurozone Inflation Data Release Introduction The EUR/CHF currency pair has been under pressure, falling to trade on the 0.9300 handle on Friday after the release of Eurozone inflation data. The data suggests that European Central Bank (ECB) members are likely to cut interest rates at their December meeting, despite the figures…

EUR/USD Reaches Weekly Highs Ahead of Eurozone Inflation Data The EUR/USD pair surged to a fresh weekly high near 1.0580 in the European session on Friday as investors eagerly awaited the release of the flash Eurozone Harmonized Index of Consumer Prices (HICP) data for November. The inflation report, scheduled to be published at 10:00 GMT,…

Eyes on USD/JPY: A Closer Look at the Recent Drop USD/JPY Drops to 150.60 After Solid Inflation Data As usual, the focus is on the USD/JPY pair, which has dipped down towards 150.60 following the release of strong inflation data. The Tokyo area November inflation numbers show a significant increase, with a headline figure of…

Rebound in USD/CHF Pair Signals Recovery in the Forex Market The USD/CHF pair rebounds to near 0.8850 in the European trading session on Thursday after a sharp sell-off on Wednesday. The recovery move in the Swiss Franc pair is bolstered by the US Dollar (USD), which rebounded in a thin volume trading session due to…

Strong Momentum in Pound Sterling (GBP) Signals Potential Strength Analysis of Overbought Conditions and Future Outlook Prossionally, educated, profit focused, and intense, the latest analysis from UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann suggests that there is strong momentum in the Pound Sterling (GBP) that could lead to further strength in…

The New Zealand Dollar Surges After RBNZ Interest Rate Decision Impact on Currency Markets The New Zealand Dollar (NZD) managed to surge against the majority of its peers on Wednesday, up by almost 0.9% against the US Dollar (USD), Canadian Dollar (CAD) and the Australian Dollar (AUD), following the release of the Reserve Bank of…

The EUR/JPY Cross – A Positive Turn Introduction During the Asian session on Thursday, the EUR/JPY cross gained some positive traction. This movement helped it move away from its lowest level since early October, around the 159.10 region that was touched the previous day. The intraday uptick lifted spot prices to the 160.00 psychological mark…

The NZD/USD’s Recovery Continues Introduction The NZD/USD rose by 1.02% to trade near 0.5895 in Wednesday’s session, continuing its recovery and approaching the 20-day Simple Moving Average (SMA) at around 0.5910. The Relative Strength Index (RSI) indicates that buying pressure is recovering, while the Moving Average Convergence Divergence (MACD) shows that selling pressure is flat,…