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NZDUSD declines sharply within descending channelDrops below both 50- and 200-day SMAs to a 4-month lowOscillators remain deep in their negative territoriesNZDUSD has been in an aggressive downtrend...
The slowdown in German inflation is fuelling hopes that the ECB will ease policy in the coming months. German CPI rose 0.4% m/m, weaker than the 0.5% expected. Annual inflation slowed from 2.5% in...
The EUR/USD pair has dipped to its lowest since 15 February this year following the release of encouraging data regarding the US manufacturing sector's activity on Monday. This improvement, the first...
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as...
I hope your Easter holiday was filled with joy. I had the pleasure of spending mine with my family, seizing the opportunity for some rejuvenating hikes.Turning our attention to the financial markets,...
EURJPY retraces lower following a 16-year peakTests ascending trendline drawn from July 2023Oscillators suggest weakening momentumEURJPY had been in a steady advance since December 2023, peaking at a...
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.Business Confidence Among Major Manufacturers...
The British Pound has spent the past week in a tight 500 pip range but has mostly traded around the 1.2620 level. Attempts by the bears to send the GBPUSD into a downtrend like the EURUSD have so far...
Nonfarm payrolls report and European flash CPI to shape rate cut betsISM PMIs to also be important for Fed expectations and US dollarCanadian employment and Chinese PMIs also on the agendaFed hawks...
USDCAD pauses bearish correction near support areaTechnical signals are weak amid holiday-thinned liquidity conditionsAll eyes turn to the US core PCE inflation due at 12:30 GMTUSDCAD was trading with...
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%.Canada’s GDP rebounds with 0.6% gain Canada’s GDP bounced back...
Following SNB being the first one to cut rates, the CHF has experienced a strong decline across the board in the last week or so. This environment has contributed to the USD/CHF pair breaking a...
The EURUSD accelerated its decline on Thursday, losing for the third consecutive session and falling to a five-week low below 1.0790. The pair's downtrend has been in place since the 8th of March when...
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.Australia’s Retail Sales Rise 0.3%Australia’s...