The Australian dollar steadied around $0.651 on Thursday, holding its recent gain, as stronger-than-expected trade data supported sentiment. Australia’s trade surplus widened sharply to AUD 3.94 billion in September from a revised AUD 1.11 billion in August, beating forecasts of AUD 3.85 billion. The improvement was driven by a 7.9% jump in exports, led by […]
USD
USD
USD
06
Nov
Nov
Yen Rises Amid Firm Wage Data
The Japanese yen strengthened past 154 per dollar on Thursday, recovering from the previous session’s losses as steady wage growth reinforced expectations that the Bank of Japan will stay on its tightening path. Nominal wages rose 1.9% in September, up from a 1.5% gain in August, supported by stable base pay and a modest rise […]
05
Nov
Nov
Chart of The Day – EUR/USD
The EUR/USD pair is currently trading at around 1.1481 USD per euro. The market is being shaped by multiple factors from both Europe and the US. Despite positive signals from the eurozone economy, the dominant strength of the dollar and key macroeconomic data from the US are setting the tone for trading. Additionally, the ongoing US […]
05
Nov
Nov
Trade of The Day – AUD/USD
Facts: Recommendation: Trade: Short position on AUDUSD at market priceTarget: 0.6465, 0.6447Stop: 0.6508 Opinion: AUDUSD has been trading in a downward move recently. Looking at the H1 interval, one can see that the price bounced off the key 0.6500 resistance area. The red area near the 0.6500 handle on the chart below is marked with previous […]
04
Nov
Nov
Sterling Weakens to 7-Month Low
The British pound fell toward $1.310, its weakest level since April, after Chancellor Rachel Reeves’ speech signaling upcoming tax hikes, while investors awaited Thursday’s Bank of England meeting. Markets now see about a near-50/50 chance of a 25-basis-point rate cut this week, up from near zero after softer inflation and other weak economic data. Reeves, […]
04
Nov
Nov
Trade of The Day – USD/JPY
Facts: Recommendation: LONG position on USDJPY at market price. USDJPY (D1) Source: xStation5Opinion: There remains a significant discrepancy between interest rate levels in Japan and the USA, which will support the strength of the dollar against the Japanese yen. The structure of the EMA averages also favors the dollar, particularly the crossing of the EMA100 […]
04
Nov
Nov
EUR/USD ticks up from three-month lows as US Dollar eases
EUR/USD is trading with marginal gains on Tuesday, changing hands at 1.1525 at the time of writing after hitting fresh three-month lows earlier on the day. The pair, however, remains vulnerable, following a nearly 1.3% sell-off in the last four trading days, as the US Dollar (USD) surged following a “hawkish cut” by the Federal Reserve (Fed) last […]
04
Nov
Nov
Chart of The Day – AUD/USD
RBA held the cash rate steady at 3.6% in a unanimous decision amid renewed inflation pressures and a tight labor market. Governor Michele Bullock stated the board has no predetermined stance on future rate moves, emphasizing data dependency and uncertainty. Key headlines: Governor Michele Bullock emphasized that the board has no predetermined stance on future […]
04
Nov
Nov
USD/INR declines on possible RBI’s intervention into local spot market
The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee. The RBI likely intervened to […]
04
Nov
Nov
USD/CHF climbs to over two-month high; bulls await move beyond 0.8100 amid firmer USD
The USD/CHF pair attracts buyers for the fifth consecutive day and climbs to its highest level since August 22 during the Asian session on Tuesday. The momentum lifts spot prices to the 0.8100 neighborhood and is sponsored by sustained US Dollar (USD) buying. The USD Index (DXY), which tracks the Greenback against a basket of currencies, […]
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