Currency Talk
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top
USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias. The USD/CAD pair holds a mildly bullish near-term bias as price remains above both […]
by Currency Hedger
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- 4 days ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Euro approaches 0.8360 with bulls gaining confidence
The Euro (EUR) accelerates gains against the British Pound (GBP) on Tuesday, after the mild recovery witnessed in the previous three days, favoured by falling Oil prices and a more positive market sentiment. The EUR/USD pair remains trapped within the last two weeks’ trading range, between 0.8320 and 0.8360, although momentum indicators show an initial […]
by Currency Hedger
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- 4 days ago
CHF, Market Analysis, Technical Analysis, USD
Trade of The Day USD/CHF : Swiss Franc Pair Signals Further Upside After Rebounding From Key Support
The US dollar against the Swiss franc (USD/CHF) is showing bullish technical signals, with the pair maintaining an upward bias after rebounding from an important daily support zone between 0.8150 and 0.8135. The recovery from this area suggests buyers are attempting to re-establish control, while the pair’s position above its 100-period daily moving average provides […]
by Currency Hedger
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- 4 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar flatlines as traders brace for US CPI release
The USD/CAD pair trades on a flat note near 1.4120 during the early European trading hours on Tuesday. Traders might prefer to wait on the sidelines ahead of the key US inflation data, which is due later in the day. Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week have reinforced expectations that the US […]
by Currency Hedger
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- 4 days ago
CHF, Market Analysis, USD
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data
USD/CHF remains steady after posting minor losses in the previous day, trading around 0.8190 during Asian hours on Tuesday. The pair moves little as the US Dollar (USD) trades sideways amid easing safe-haven demand alongside growing speculation of a diplomatic breakthrough between Washington and Tehran. Meanwhile, crude oil prices dropping to their lowest levels since […]
by Currency Hedger
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- 4 days ago
EUR, GBP, INR, Market Analysis, Technical Analysis, USD
Indian Rupee Leads Currency Losses as Asian FX Markets Show Mixed Performance
Today Markets Analysis The Indian rupee emerged as the weakest-performing major currency in the latest foreign exchange session, declining 0.38%, while the Japanese yen also recorded modest losses as broader currency markets remained relatively subdued. The rupee’s decline contrasted with largely unchanged movements in the British pound, euro and US dollar index, highlighting a divergence […]
by Currency Hedger
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- 4 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds gains near 1.3450, maintains constructive bias above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3445 during the early European session on Tuesday. However, markets might turn cautious later in the day ahead of the release of the US October Consumer Price Index (CPI) inflation report. Last week, the BoE raised its benchmark interest rate by 25 basis points (bps) to 4.00%, […]
by Currency Hedger
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- 4 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Trades near 177.50 after rising above nine-day EMA
EUR/JPY gains ground for the second successive day, trading around 177.30 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias. The EUR/JPY cross is maintaining a mildly bearish bias as it holds below the 50-day […]
by Currency Hedger
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- 4 days ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Extends Gains as Dollar Weakens and Economic Growth Supports Sentiment
Today Markets Analysis The Indonesian rupiah strengthened to around IDR 18,050 per US dollar on Tuesday, extending gains for a second consecutive session as a softer US dollar, stabilising energy prices and resilient domestic economic indicators supported the currency. The rupiah outperformed other regional Asian currencies, which largely traded within narrow ranges as investors positioned […]
by Currency Hedger
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- 4 days ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Weakens as Foreign Investors Extend Equity Selling Streak
Today Markets Analysis The South Korean won weakened to approximately 1,344 per US dollar on Tuesday, surrendering some of the previous session’s gains as continued foreign equity outflows weighed on demand for the domestic currency. Foreign investors sold a net KRW 693 billion (approximately $514 million) worth of South Korean equities on Monday, marking their […]
by Currency Hedger
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- 4 days ago