Australian Dollar falls below 100-day moving average following high US inflation figures.
The Australian Dollar slipped against the US Dollar on Thursday, hitting a key resistance level influenced by the 50- and 200-day simple moving averages (SMAs). This decline came as robust US economic data underscored the economy’s strength, possibly heightening the prospects for interest rate hikes. Currently, AUD/USD is sitting at 0.7020. AUD/USD drops from the […]
GBP/USD Price Outlook: Drops under 1.3350, continues to show a negative trend below the 100-day average
The GBP/USD pair is in a downward trend, hovering around 1.3320 as the early European session unfolds on Thursday. The British Pound (GBP) has lost ground against the US Dollar (USD) following the UK Budget announcement. Eyeing the market later today, the US will release the September Personal Consumption Expenditures (PCE) inflation report, which is […]
EUR/USD Price Outlook: Maintains strength above 1.1200 but still shows a negative sentiment below the 100-day SMA
The EUR/USD pair is trading positively around 1.1220 in the early hours of Monday in Europe. The US Dollar (USD) is weakening against the Euro (EUR) as US Treasury bond yields experience a decline following a prolonged increase. This week, the US Federal Reserve (Fed) and the European Central Bank (ECB) are likely to be […]
EUR/USD Price Outlook: Solid rebound from 100-day moving average before US NFP report
The Euro (EUR) is maintaining its gains from the previous day, trading around 1.1630 against the US Dollar (USD) during the Asian session on Friday. This major pair saw a notable increase on Thursday as the US Dollar faced substantial selling pressure following remarks from Federal Reserve Governor Christopher Waller that were perceived as dovish. […]
NZD/USD Price Outlook: Drops under 0.5900 but remains above the 100-day moving average
Market Update: NZD/USD at 0.5875 Amid Middle East Tensions The NZD/USD pair experienced a slight drop to around 0.5875 early on Wednesday in European trading. This decline seems to be influenced by rising tensions in the Middle East, which are driving investors towards safe-haven currencies like the US dollar. In a recent statement, Iranian Chief […]
EUR/USD Price Prediction: 100-Day SMA halts upward movement
The EUR/USD pair has risen by over 0.32%, as traders are keeping an eye on the key psychological level of 1.1600. They are encountering significant resistance at the 100-day simple moving average (SMA) of 1.1567. Currently, the pair is trading at 1.1564, making a recovery from its daily low of 1.1526. EUR/USD Price Prediction: Technical […]
AUD/JPY Price Outlook: Strengthening past 113.50, upward trend remains above 100-day SMA
Market Update: AUD/JPY Performance During the early hours of Tuesday in Europe, the AUD/JPY exchange rate was hovering around 113.85, showing some gains. The Australian dollar has gained ground against the Japanese yen, largely influenced by the interest rate discrepancies between the Reserve Bank of Australia (RBA) and the Bank of Japan (BoJ). However, there […]
AUD/JPY Price Outlook: Drops below 112.00 amid intervention concerns, negative trend below 100-day SMA
On Wednesday, early trading in Europe saw the AUD/JPY pair drop to approximately 111.70. The Japanese yen has gained ground against the Australian dollar, as traders stay cautious regarding potential currency interventions by Japanese officials. Minoru Kihara, Japan’s Chief Cabinet Secretary, stated on Tuesday that the government would respond appropriately to fluctuations in the currency […]
AUD/JPY Price Outlook: Gains due to better risk sentiment, maintains positive trend above 100-day EMA
During the early hours of Friday’s European session, the AUD/JPY pair was holding steady around 113.20. A potential ceasefire involving the United States and Iran seems to have positively influenced market sentiment, thus boosting the Australian dollar against the Japanese yen. President Trump’s administration is reportedly weighing its options in response to Iran’s proposal to […]
USD/CAD Price Outlook: Moves up slightly above 1.3600, but negative trend continues below 100-day EMA
The USD/CAD currency pair saw small increases, hovering around 1.3635 during early trading in Europe on Thursday. This movement comes as oil prices have dipped, largely due to optimism about a potential peace agreement between the US and Iran, which negatively affects the Canadian dollar (CAD) that’s closely tied to commodity prices. US President Donald […]