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Currency Talk
JPY, Technical Analysis, USD
USD/JPY Price Forecast: 20-day EMA continues to act as key barrier
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Wednesday, with USD/JPY dropping 0.1% to near 159.00. The Asia-Pacific currency gains amid firm expectations that the Bank of Japan (BoJ) will hike policy rates by 25 basis points (bps) to 1.25% in the September meeting. Strategists at Scotiabank note that domestic data […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
British Pound edges lower below 1.3650 as traders await US PCE release
The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) as markets turn cautious ahead of the US July Personal Consumption Expenditures (PCE) Price Index data, which is due later on Wednesday. US Treasury Secretary Scott Bessent said last week that […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk, NZD, Technical Analysis, USD
NZD/USD Price Forecast: Dips below 0.5950, fresh weekly low as USD firms ahead of US PCE
The NZD/USD pair comes under some renewed selling pressure on Wednesday and drops to a fresh weekly low, around the 0.5945 region during the early European session. The US Dollar (USD) regains positive traction ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index later today and Federal Reserve Chair Kevin Warsh’s speech at […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk, Technical Analysis
Trade of the day: DE40
Facts: DE40 broke above the resistance at 26225 German index is trading in a long-term upward trend Recommendation: Trade: Long DE40 at market price Target: 26580 Stop loss: 26130 Opinion: DE40 has been trading in a downward correction move recently. However, taking a look at the H1 internal, we can see that the price bounced […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Currency Talk, Technical Analysis
Commodity Wrap – Natgas, Cocoa, Gold, Oil
Market Situation During today’s session on the commodities market, slight declines prevail, with the average decrease amounting to -0.26% and only 7 out of 26 assets rising. The growth leaders remain agricultural commodities and European natural gas, which has gained over 8% this week. Precious metals are undergoing a correction today, including platinum (-1.67%) and […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Currency Talk, EUR, Technical Analysis, USD
Chart of the Day: EURUSD Under Pressure from the Dollar. Bessent, PCE and Jackson Hole to Determine the Next Direction
Tuesday’s EURUSD session is seeing the dollar strengthen slightly, but the situation in the foreign exchange market remains much more complicated than it was just a few days ago. The euro-dollar pair has pulled back from around 1.17, but a number of developments are emerging in the background that could have a much greater impact […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
AUD, Currency Talk, USD
Australian Dollar remains steady following RBA Meeting Minutes
AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday. The Reserve Bank of Australia (RBA) released the Minutes from its July monetary policy Meeting on Tuesday, signaling that the Board remains prepared to hike interest rates should upside inflation risks materialize. While several members expressed concern that […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Currency Talk, NZD, USD
New Zealand Dollar gains as high inflation fuels odds of RBNZ September rate hikes
NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday. The pair appreciates as the New Zealand Dollar (NZD) receives support on expectations that the Reserve Bank of New Zealand will raise interest rates again in September, as inflation remains elevated. RBNZ tightening path seen as firmly […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
GBP, Technical Analysis, USD
GBP holds range below mid-1.3600s as USD firms amid Fed risks and Iran tensions
The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday. The US Dollar (USD) is looking to build on its modest recovery from the lowest level since May 14 and is acting as a headwind for the currency pair. […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
CAD, Currency Talk, Technical Analysis, USD
Canadian Dollar remains depressed as firmer USD and trade war counter higher oil price
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday. Spot prices, however, lack bullish conviction amid a combination of diverging forces, warranting caution before positioning for an extension of the recent recovery from a three-month low, touched last week. Inflation risks stemming from […]
by Currency Hedger
- 0 Comments
- 3 weeks ago