NZD/USD faces challenges above the mid-0.5800s as tensions in Iran and the Fed’s outlook bolster the USD.
The NZD/USD pair has faced selling pressure for the third day in a row, hovering around 0.5865-0.5860 during Asian trading on Tuesday. Geopolitical tensions continue to bolster the US dollar (USD), and it seems likely that prices may slide further, potentially surpassing the horizontal resistance at 0.5925, or even above the previous day’s retracement point […]
Silver Price Outlook: XAG/USD drops to around $74.00 due to ongoing bearish trend
Silver Price Update Silver might be testing support around its four-month low of $61.01. The 14-day Relative Strength Index is currently at 47.16, indicating a lack of strong directional confidence. XAG/USD is hovering near short-term resistance at the 9-day EMA, listed at $74.75. On Monday, silver prices (XAG/USD) declined after a two-day rise, trading around […]
EUR/USD Weekly Prediction 03/05: Positive Outlook (Chart)
Although it was a hectic week with interest rate announcements from both the US Federal Reserve (Fed) and the European Central Bank (ECB), the EUR/USD exchange rate traded within a tight range on Friday, finishing at 1.1720—just shy of last month’s peak of 1.1855. The EUR/USD pair remained steady after the Fed and ECB revealed […]
EUR/JPY Price Outlook: Drops close to 183.00 as negative trend continues
The EUR/JPY currency pair experienced a drop for the second consecutive day, trading near 183.00 during early European hours on Friday. A look at the daily chart reveals that it remains below both the 9-period and 50-period exponential moving averages (EMAs), which suggests a short-term bearish sentiment for this currency cross. Having retreated from its […]
AUD/USD Price Outlook: Appears set to rise above important barrier of 0.7220
Market Updates on AUD/USD and US Dollar Trends During Asian trading on Friday, the AUD/USD pair held onto its gains from Thursday, hovering near the 0.7200 level. This resilience in the Australian currency reflects positive expectations that the Reserve Bank of Australia (RBA) will implement another interest rate hike in its upcoming meeting. A significant […]
Trump Supporters’ Economic Outlook Bounces Back After Iran Shock Drop
MAGA’s Economic Outlook is Recovering President Trump has restored some of his supporters’ faith in the economy, according to a recent poll released on Tuesday. A month ago, it was noted that military tensions with Iran had impacted the American right’s perception of the economy. People identifying as Republicans, Trump supporters, conservatives, and MAGA supporters […]
USD/JPY Price Outlook: Anticipating strength above 160.00 with a positive technical setup
The USD/JPY pair continued its upward trend from recent days, opening the week with a positive gap and reaching around 159.85 during the Asian session. However, worries about potential intervention have limited further gains in the spot prices. The collapse of peace talks between the US and Iran is likely to spark a wave of […]
EUR/USD price outlook: Buyers target additional rises past 1.1670 breakout
EUR/USD Update EUR/USD has faced challenges in building on the weekly gains seen over the last four days, showing a slight decline and trading below the 1.1700 level during Friday’s Asian market. However, this downward trend is somewhat mitigated by a lack of significant buying of the US dollar (USD) and the upcoming US consumer […]
AUD expected to be limited around 0.7150 due to uncertainty in Hormuz affecting outlook
Westpac Predicts Australian Dollar Under Pressure Amid Hormuz Uncertainty Westpac anticipates that the Australian dollar will face resistance in the near future, likely peaking between $0.7100 and $0.7150. This expectation is tied closely to geopolitical tensions, particularly concerning the Strait of Hormuz. The bank suggests that any significant rise will require clear indicators of de-escalation […]
EUR/USD Price Outlook: Surges past 1.1650, moving averages indicating a positive trend
The EUR/USD pair has marked its third consecutive day of gains, trading around 1.1670 during Asian hours on Wednesday. A look at the daily chart reveals a bullish reversal as the currency pair climbs above a descending channel pattern. After an initial downward trend, the EUR/USD has bounced back above its 9-day and 50-day exponential […]