EUR/USD remains near multi-month low and defends 1.1000 mark ahead of ECB meeting
EUR/USD remains stable above the 1.1000 level as traders eagerly await the ECB’s decision. Lower bets on more aggressive Fed easing are supporting the USD and capital gains in major currencies. Traders appear cautious given key central bank risk and…
South Korea to cut foreign exchange stabilization fund by record amount in 2025 – BNN Bloomberg
(Bloomberg) — South Korea will cut its foreign exchange stabilization fund by more than 30 percent next year, a record amount that the government says is still enough to defend the won. The move came after the South Korean currency…
Bounce from key support at 1.1110 ahead of German/US data release
EUR/USD is recovering from the key Fibo support at 1.1107 amid renewed US dollar selling. Risk aversion and inflation nervousness ahead of German inflation and US GDP could slow the pair’s rally. The daily technical configuration remains constructive for EUR/USD…
AUD/USD below seven-month high, near 0.6800 amid hot Australian CPI data
AUD/USD hits new seven-month highs above 0.6800 after Australia’s consumer price index cools less than expected. The US dollar is recovering as risk appetite deteriorates ahead of the Fed announcement and Nvidia’s earnings report. The daily technical configuration of AUD/USD…
NZD/USD holds on to gains near the mid-0.6100s and remains below two-month high ahead of Fed Chairman Powell
NZD/USD is attracting some buying on Friday amid Fed-led moderate USD weakness. The disappointing release of New Zealand retail sales hardly puts a dent in this upward trend. Traders are now eagerly awaiting Fed Chairman Powell’s speech before placing new…
Consolidation near monthly high, 100.00 points are the key for bulls
AUD/JPY is trading below a new monthly high reached earlier on Tuesday. Due to the mixed technical configuration, some caution is advised before positioning for further gains. Sustained strength beyond the 100 mark is seen as a new trigger for…
NZD/USD clings to gains near multi-week highs, comfortably above the 0.6100 mark
NZD/USD attracts buyers for the third day in a row, rising to a multi-week high on Tuesday. The sharp rise could be due to some technical buying above the key 200-day SMA. A moderate recovery in the USD could cap…
Appears vulnerable near multi-week low ahead of Canadian consumer price index
USD/CAD falls to a new multi-week low despite a combination of supportive factors. Falling crude oil prices and a modest recovery in the US dollar are doing little to ease downward pressure. Traders are hoping that Canada’s Consumer Price Index…
NZD/USD holds gains near one-month highs on weaker USD and remains below the 200-day SMA
NZD/USD hits a multi-week high but struggles to break the 200-day SMA. Bets on a Fed rate cut continue to weaken the USD and continue to support the positive development. The RBNZ’s dovish stance is dampening further gains amid concerns…
Bulls maintain control near the four-week high and expect a rise above 0.6700
AUD/USD rises for the third day in a row, hitting a new multi-week high on Monday. Bets on a Fed rate cut and the RBA’s hawkish stance continue to support the sharp rise. The technical configuration favors bullish traders and…
