Tag: foreign exchange
EUR/JPY Price Analysis: Holding Steady at 174.50 Amid Overbought Condition
EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests...
NZD/USD Forecast: Key Resistance at 0.6150 – UOB Group
The New Zealand Dollar (NZD) has the potential to retest the 0.6130 level, according to analysts at UOB Group. However, the major resistance at...
USD Under Pressure as Weak Data Emerges
The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According...
US Dollar Weakens on Soft ADP and FOMC Minutes
The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut...
USD/JPY Forecast: Key Level to Monitor is 163.00 Above 162.00
The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages...
Awaiting Powell Speech: Forex Market Update in Asia-Pacific | ForexLive
Federal Reserve Chair Powell is set to deliver a speech today at the ECB forum. This has caused speculation and anticipation in the forex...
USD/INR Strengthens as US Dollar Demand Rises, Powell’s Speech in Focus
The Indian Rupee faced some challenges on Tuesday as it traded in the negative territory during the Asian session. This weakening can be attributed...
Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations
The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
USD/CAD Unchanged Post Canadian GDP and US PCE Data Release
USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian...
USDCHF Technical Analysis: Approaching Key Resistance Level
The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps...