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Tag: ForexLive

ForexLive Asia-Pacific FX news wrap: USD/JPY jumps 100 pts – ForexLive

Monday’s Federal Open Market Committee (FOMC) speakers include New York Fed’s Williams ECB President Rehn says confidence in falling inflation is improving China’s services PMI expansion slowed slightly in April but remains strong – Summary OECD says Reserve Bank of New Zealand has limited room to cut interest rates this year Australia’s Treasurer Chalmers says […]

Japan's Ito says authorities are trying to place a 160 ceiling on USD/JPY – ForexLive

Takatoshi Ito is currently a scholar at Columbia University. From 1999 to 2001, he served as Deputy Director-General for International Affairs at the Japanese Ministry of Finance. For two years until 2008, he served as a civilian member of the government’s Supreme Economic Council. He told Reuters: “By interfering with speculative activity, the authorities are […]

Gold Technical Analysis – Chances of a big correction increase – ForexLive

Israel’s retaliation marks a high for gold as geopolitical risks recede and markets catch up with rising US real yields. The trend may be reversing, and several important technical breaks are coming together, increasing the likelihood of a downside correction. Looking ahead, bears will need to watch for continued strength in U.S. economic data, as […]

Canadian dollar rallies for fourth day. What's next – ForexLive

USDCAD daily The Canadian dollar has risen for the fourth day in a row, which looks impressive at first glance, but it masks an even steeper decline in the previous four days, hitting its worst levels since November. Either way, it has risen for four days amid tough conditions for risk assets and oil. This […]

USD/JPY stays underpinned for now with watchful eyes on 155 mark – ForexLive

Despite yesterday’s drop in US Treasury yields, it did little to spook USD/JPY price movements. The pair remains supported, but buyers have not mustered enough courage to take things further. For now, even after all the verbal intervention from the Japanese authorities, the 155.00 hurdle remains a step too far. But still, the chart shows […]

GBPUSD Technical Analysis – Watch what happens at this resistance zone – ForexLive

USD The Fed left interest rates unchanged, as expected at its previous meeting, and its statement remained essentially unchanged. The dotplot still shows three rate cuts in 2024, with an upward revision to economic forecasts for higher growth and inflation and lower unemployment. Fed Chairman Jerome Powell remained neutral, saying it was too early to […]

Bitcoin price forecast: Prepare for a new peak – ForexLive

I expect Bitcoin to reach new all-time highs in the near future. Check where the seller is located. Bitcoin technical analysis: Preparing for a new ATH. 🔍 Cryptocurrency king’s technical outlook: Taking a closer look at Bitcoin’s weekly chart, it is clear that the bullish momentum continues to soar. I have my sights set on […]

Dollar continues to get checked back to start the week – ForexLive

Although movements are relatively light, the dollar continues to weaken slightly from yesterday. And this follows a strong rise in the US dollar last weekend. So it looks like the dollar will be a case of checking so far as we head into the new week. EUR/USD is up 0.2% to 1.0855, but for now […]