On the downside, immediate support is likely at the psychological level of $30.00, followed by the nine-day EMA at $29.83. A ...
New Zealand Dollar (NZD) is likely to continue to weaken against the US Dollar (USD); oversold conditions suggest any decline ...
GBP/USD accelerates its decline and hits the lowest level in over a year near 1.2250 in European trading on Thursday. The pair feels the heat from the UK bond market sell-off, with the 10-year Gilt ...
Provided that Australian Dollar (AUD) remains below 0.6245, it could test the major support of 0.6180 before a rebound is likely. In the longer run, AUD must break and remain below 0.6180 before ...
China’s CPI inflation slowed for the fourth consecutive month to 0.1% y/y in Dec and was flat on a m/m comparison. The PPI deflation eased to -2.3% y/y in Dec while momentum eased to fall -0.1% m/m ...
Our best understanding of yesterday's Pound Sterling (GBP) sell-off is that the global bond market sell-off touched a raw nerve in the gilt market and that then the gilt spread widening prompted ...
AUD/USD drops to its lowest level since October 2022 amid sustained USD buying.
The Pound Sterling (GBP) is likely to decline; the significant support level at 1.2300 could be out of reach. In the longer ...
The single European currency is trading marginally below the 1.03 level in the early hours of Thursday as investors remain cautious and do not seem willing to take big bets on a potential shallow ...
EUR/USD remains fragile as US rates remain relatively firm, higher US Treasury yields undermine risk conditions and US tariff threats loom large, ING FX analyst Chris Turner notes.
The Relative Strength Index (RSI) reads 42, below its neutral level of 50, and points downwards, indicating strong bearish ...
Instead of declining further, EUR is more is likely to trade in a 1.0275/1.0355 range. In the longer run, EUR has to break clearly below 1.0255 before further losses can be expected, UOB Group’s FX ...