British Pound Forecast: GBP/USD Holds Below Resistance Ahead of Key Fed and BoE Decisions
The British Pound is trading within a well-defined range, encountering resistance as traders await crucial interest rate decisions from the Federal Reserve and the Bank of England (BoE). This pivotal moment for GBP/USD coincides with the release of key inflation data, setting the stage for an imminent breakout from the current December opening range. GBP/USD […]
US Dollar Outlook: AUD/USD Approaches Key Support Levels
The AUD/USD currency pair is nearing the November 2023 low of 0.6318, erasing gains made earlier this week. The Federal Reserve’s upcoming interest rate decision could significantly influence the exchange rate, with the central bank expected to further ease its restrictive monetary stance. AUD/USD Nears Monthly and Annual Lows AUD/USD has fallen to a fresh […]
Nasdaq Hits Record High as Dow Faces Worst Losing Streak in 12 Years, ASX Tracks Dow Weakness
The major Wall Street indices appear to be moving in different directions, with the Nasdaq 100 reaching a record high, the S&P 500 holding steady in consolidation, and the Dow Jones logging its longest losing streak since 2011. For Australian markets, this divergence spells potential trouble, as the ASX 200 closely mirrors the Dow’s bearish trajectory. Diverging Themes in US Markets The US […]
NZD/USD Shows Signs of Rebound, but Fed Rate Path Holds the Key
The NZD/USD exchange rate has struggled to gain traction in 2024, weighed down by New Zealand’s recession, China’s economic slowdown, and the strength of the US economy. However, recent indicators of recovery, including improved domestic data and rising dairy prices, are sparking hopes of a turnaround for the Kiwi. Despite this, the next big move for NZD/USD hinges on […]
AUD/USD Weekly Outlook: Will the Aussie Fall Below 63 Cents?
The AUD/USD pair remains under pressure as traders focus on a week packed with central bank meetings. Among the five key meetings those of the Federal Reserve, Bank of Japan, Bank of England, Norges Bank, and Riksbank the Federal Open Market Committee (FOMC) is expected to have the most significant influence on the Australian dollar. […]
USD/JPY and Nikkei 225: Yen Weakens, Equities Eye Breakout Amid Rising US Yields
The USD/JPY has reached new highs, driven by surging US Treasury yields, while the Nikkei 225 is showing signs of testing key resistance levels. As traders await pivotal decisions from the Federal Reserve and the Bank of Japan later this week, bullish momentum is building for both the currency pair and Japanese equities. Key Highlights: […]
AUD/USD and USD/CNH Dynamics: Can the Aussie Dollar Recover?
The AUD/USD pair saw a minor recovery from its 13-month low late Wednesday. However, its potential for further gains is closely tied to movements in USD/CNH. Meanwhile, the ASX 200 looks poised for a bounce, supported by record highs in the Nasdaq and near-record levels in the S&P 500, though mixed performances on Wall Street […]
GBP/USD: Will It Break the December Opening Range?
GBP/USD is trading within its December opening range, retreating after starting the week on a positive note. The pair faces challenges as it struggles to climb back above the 200-day Simple Moving Average (SMA) at 1.2822, raising concerns about a potential bearish trend. A Critical Moment for GBP/USD The British pound dipped below the 200-day […]
EUR/USD Outlook: December Range Holds Steady Amid ECB and Fed Anticipation
The euro remains under pressure as EUR/USD extends its decline for a fifth consecutive day, retreating to critical support levels near the monthly range lows. Despite the bearish momentum, the pair continues to trade within the December range, leaving traders focused on an impending breakout as the Federal Reserve’s interest rate decision looms. Key Technical […]
AUD/USD, NZD/USD: From China Proxies to Rate Plays Amid Fed’s Key Decision
The AUD/USD and NZD/USD currency pairs are shifting away from their historical reliance on Chinese economic signals, becoming increasingly sensitive to interest rate differentials. As the Federal Reserve prepares to release updated economic projections next week, traders are bracing for a potentially hawkish tone that could reinforce the U.S. dollar’s dominance and deepen the struggles […]
