Currency Talk
GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Holds onto monthly high near 1.3410
The British Pound (GBP) reflects strength against the US Dollar (USD) on Thursday, trading firmly near the monthly high at around 1.3410 in the European trade. The GBP/USD pair strengthens as hot United Kingdom (UK) Consumer Price Index (CPI) data for September has boosted hawkish Bank of England (BoE) expectations. UK inflation surprise keeps BoE […]
by Currency Hedger
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- 2 days ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Attempting to regain 0.8400 after hitting oversold levels
The Euro (EUR) shows a mild bullish correction against the British Pound (GBP) on Thursday, following a more than 2.7% selloff from late September highs that had pushed the Relative Strength Index to heavily oversold levels in most timeframes. The EUR/GBP pair trades around 0.8390, after hitting fresh 17-month lows near 0.8370 on Wednesday, with […]
by Currency Hedger
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- 2 days ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Holds gains near 1.1250, but bearish bias holds below 100-day average
The EUR/USD pair trades in positive territory near 1.1245 during the early European trading hours on Thursday. Nonetheless, the potential upside might be limited amid fiscal concerns in France. European Central Bank (ECB) policymaker Fabio Panetta is scheduled to speak later on Thursday. French 10-year borrowing costs climbed above 5% for the first time in […]
by Currency Hedger
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- 2 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Hovers around nine-day EMA, 177.50
EUR/JPY loses ground for the second successive day, trading around 177.50 during Asian hours on Thursday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is maintaining a bearish near-term tone as it holds below both the nine- and 50-period […]
by Currency Hedger
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- 2 days ago
AUD, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Edges lower to near 110.50, sustains modestly bearish outlook
The AUD/JPY cross trades in negative territory around 110.60 during the early European trading hours on Thursday. Hawkish remarks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that underlying inflation is moving securely toward the central […]
by Currency Hedger
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- 2 days ago
CHF
Swiss Franc struggles as US Dollar declines on Fed rate pause expectations
USD/CHF loses ground for the third consecutive day, trading around 0.8230 during Asian hours on Thursday. The pair depreciates as the US Dollar (USD) faces challenges, as recent economic data pointed to signs of weakness in the US economy, with September housing starts declining and pending home sales falling to a record low. According to […]
by Currency Hedger
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- 2 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Weakens Towards IDR 18,040 per Dollar as Oil Prices, Inflation and Foreign Capital Risks Weigh
The Indonesian rupiah is extending its decline towards IDR 18,040 per US dollar as broad-based dollar strength, rising energy costs and domestic fiscal concerns weigh on investor sentiment. With the Federal Reserve’s next policy meeting approaching, expectations for unchanged US interest rates are doing little to ease pressure on emerging-market currencies. Domestically, oil prices around […]
by Currency Hedger
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- 2 days ago
Market Analysis, Technical Analysis, USD
US Dollar Stabilises Near 101.7 as Fed Meeting Looms and Oil-Driven Inflation Risks Rise
The US dollar index is holding near 101.7, pausing its recent decline as currency markets assess the outlook for Federal Reserve policy, weakening US housing indicators and renewed geopolitical risks in the Middle East. With the next Fed meeting approaching, investors are weighing expectations for unchanged interest rates against the possibility that persistent energy-driven inflation […]
by Currency Hedger
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- 2 days ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Strengthens Ahead of BOJ Meeting as December Rate Hike Expectations Build
The Japanese yen is edging higher against the US dollar, trading just beyond ¥158 per dollar as markets prepare for next week’s Bank of Japan (BOJ) policy meeting. The currency remains confined to a narrow range, with expectations of unchanged interest rates in the near term competing against growing speculation that persistent inflation could prompt […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis
British Pound edges lower below 1.3400 ahead of UK CPI inflation release
The GBP/USD pair declines to around 1.3375 during the early Asian trading hours on Wednesday. However, a stronger-than-expected UK labor report might cap the downside for the major pair. Traders will take more cues from the UK September Consumer Price Index (CPI) inflation data later on Wednesday. Data released by the Office for National Statistics […]
by Currency Hedger
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- 3 days ago