Currency Talk
Market Analysis, NZD, Technical Analysis
New Zealand Dollar softens below 0.5700 on RBNZ rate hike odds, CPI inflation data in focus
The NZD/USD pair drifts lower to near 0.5680, snapping the four-day winning streak during the Asian trading hours on Wednesday. Markets turn cautious ahead of New Zealand’s Consumer Price Index (CPI) inflation data for the third quarter (Q3), which is due later on Thursday. Economists expect New Zealand inflation to ease slightly in the third […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis
Canadian Dollar holds ground as oil prices surge
USD/CAD moves little after four days of losses, trading around 1.4060 during Asian hours on Wednesday. The currency pair maintains its stance as the US Dollar (USD) stays firm amid rising oil prices that have heightened inflation concerns and driven safe-haven demand. However, the commodity-linked Canadian Dollar (CAD) is also positioned to gain strength from […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests nine-day EMA support near 177.50
EUR/JPY halts its four-day winning streak, trading around 177.70 during Asian hours on Tuesday. 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 consolidating between short-term support and medium-term resistance. The currency cross holds just above the nine-day Exponential […]
by Currency Hedger
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- 3 days ago
Market Analysis, Technical Analysis, USD
US Dollar Forecast: DXY Stabilises at 101.7 as Rising Oil Prices and Safe-Haven Demand Support the Greenback
Market Overview The US dollar index has stabilised around 101.7 after touching three-week lows in the previous session, with rising oil prices supporting the greenback as renewed inflation concerns and geopolitical uncertainty influence currency markets. Oil has resumed its upward trend after a diplomat disputed reports that an agreement to end the US-Iran conflict was […]
by Currency Hedger
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- 3 days ago
AUD, JPY, KRW, Market Analysis, NZD, Technical Analysis
Asian Currency Forecast: Australian Dollar Leads Regional Gains as Indian Rupee Falls 0.37%
Market Overview Asian foreign exchange markets are showing mixed performance, with the Australian dollar leading regional currencies higher while the Indian rupee records the sharpest decline among the reported movers. The Australian dollar has gained 0.38%, followed by the South Korean won, up 0.10%. Meanwhile, the Indian rupee has fallen 0.37%, while the Chinese yuan […]
by Currency Hedger
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- 3 days ago
AUD, Market Analysis, Technical Analysis
Australian Dollar Forecast: AUD/USD Breaks Above $0.70 as RBA Rate Hike Bets Climb
Market Overview The Australian dollar has climbed above US$0.70, reaching a more than three-week high as hawkish comments from the Reserve Bank of Australia (RBA) strengthen expectations of another interest rate increase. Markets are increasingly focused on persistent inflation, elevated oil prices and the possibility that policymakers will need to tighten monetary policy further to […]
by Currency Hedger
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- 3 days ago
JPY, Technical Analysis
Japanese Yen Forecast: USD/JPY Holds Near 158.2 as Slowing Exports and Bank of Japan Rate Expectations Shape Outlook
The Japanese yen remains under pressure near 158.2 per US dollar as slower export growth and Japan’s persistent interest-rate disadvantage limit the currency’s recovery. Exports increased for a 13th consecutive month in September, supported by demand for semiconductors and artificial intelligence-related products, but the pace of growth was the weakest since April and fell short […]
by Currency Hedger
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- 3 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Forecast: IDR Holds Near 17,970 as Bank Indonesia Rate Decision Takes Centre Stage
The Indonesian rupiah is extending its recovery for a third consecutive session, trading near IDR 17,970 per US dollar as a weaker greenback, softer US Treasury yields and lower crude oil prices improve conditions for emerging-market currencies. Attention is now turning to Bank Indonesia’s latest policy decision, with markets widely expecting the central bank to […]
by Currency Hedger
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- 3 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Forecast: IDR Near 18,000 as Bank Indonesia Rate Decision and Dollar Weakness Drive Markets
The Indonesian rupiah is extending its recovery, hovering near IDR 18,000 per US dollar as softer dollar conditions provide support ahead of the latest Bank Indonesia (BI) policy decision. Markets are widely expecting the central bank to leave interest rates unchanged for a fourth consecutive month, while policymakers continue efforts to stabilise the currency amid […]
by Currency Hedger
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- 4 days ago
AUD, Market Analysis, Technical Analysis
Australian Dollar holds onto gains against US Dollar, PBoC leaves rates steady
The Australian Dollar (AUD) holds onto two-day gains at around 0.6985 against the US Dollar (USD) during the early European trade on Tuesday. The Aussie pair reflects strength as the US Dollar remains under pressure due to Artificial Intelligence (AI) jitters. US Dollar Price Last 7 Days The table below shows the percentage change of […]
by Currency Hedger
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- 4 days ago