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- xtreamforex replied 6 hr ago
NZD/USD Drops to Near 0.6100 Amid Risk Aversion and Consumer Confidence Concerns The NZD/USD pair extends its losses for the second consecutive session, trading around 0.6110 during the Asian session on Wednesday. The New Zealand Dollar (NZD) is ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 19, 2024
GBP/USD Holds Steady at 1.2700, Awaits UK CPI Data The GBP/USD pair is struggling to gain any significant traction on Wednesday, trading within a narrow range around the 1.2700 mark during the Asian session. Despite this, spot prices are holding ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 17, 2024
EUR/USD Consolidates Near 1.0700 After Recent Low The EUR/USD pair starts the week on a subdued note, consolidating its recent losses to the lowest level since early May, around the 1.0670-1.0665 region touched on Friday. Currently trading around ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 12, 2024
EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision The EUR/USD experienced its third consecutive day of losses on Tuesday as market sentiment soured following the European Union parliamentary elections. The elections resulted in a ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 11, 2024
Gold Price Stays Low Amid Rate Concerns, Rising US Dollar Demand During early trading in Europe on Tuesday, the gold price (XAU/USD) faced renewed selling pressure, diminishing some of the modest recovery gains it had made from the previous day. ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 7, 2024
USD/CAD Holds Above Mid-1.3600s Ahead of US NFP The USD/CAD pair is showing resilience below the 200-hour Simple Moving Average (SMA), but it seems to struggle to attract any significant buyers during the Asian session on Friday. Currently, spot ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 5, 2024
RBA Governor Bullock Predicts ‘Quite Low’ March GDP Numbers Reserve Bank of Australia (RBA) Governor Michele Bullock has indicated that a rebound in inflation or persistently high price pressures could necessitate further interest rate hikes. ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 4, 2024
China’s Yuan Falls Despite Gains Across Asian Markets On Tuesday, the Chinese yuan experienced a decline against the dollar, diverging from the general upward trend seen in other Asian currencies. This occurred despite a broader weakening of the ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied Jun 3, 2024
USD/CAD Dips Below 1.3650 Ahead of US/Canada PMI Data The USD/CAD currency pair displayed a slight downward trend in early Monday trading in the European session, hovering around 1.3625. This movement was primarily driven by a weakening US Dollar ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 31, 2024
USD/CAD Nears 1.3700 Before US PCE, Canada GDP Data The USD/CAD pair is seeing a rebound, trading near 1.3690 during Friday’s Asian session, after halting its recent downtrend. This comes as the US Dollar strengthens in anticipation of the release ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 30, 2024
European Futures Decline Amidst Rising Yields and Market Downturn European stock markets appeared poised to mirror the declines seen in Asia, as rising US Treasury yields near this year’s peak continued to restrain risk appetite among investors. The ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 29, 2024
USD/CAD Rises to 1.3650 Amid Decline in Oil Prices The USD/CAD pair has edged higher for the second consecutive day, trading around 1.3650 during Asian hours on Wednesday. This upward movement is driven primarily by a growing sense of risk aversion ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 28, 2024
Japan Wary of Weak Yen’s Downsides, Finance Minister Notes Japanese Finance Minister Shunichi Suzuki expressed concerns on Tuesday about the current depreciation of the yen, emphasizing the negative effects more than the positives. Suzuki ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 16, 2024
Gold Prices Rise Amid US CPI Inflation and Fed Rate Cut Expectations Gold prices (XAU/USD) gained traction on Thursday, driven by a weaker US Dollar (USD). The recent Consumer Price Index (CPI) report revealed that inflation in the US slowed in ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 14, 2024
Gold Price Rises in Anticipation of US PPI Data and Fed Chair Powell’s Speech The gold price (XAU/USD) experienced a modest rebound on Tuesday, even as the US Dollar (USD) remained stable, signaling a potential restraint in the metal’s upward ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 10, 2024
EUR/USD Climbs as Weakening Labor Market Data Pressures US Dollar The EUR/USD pair remains confined within a narrow trading range just beneath the critical resistance level of 1.0800 during Friday’s European trading session. This comes after the ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 9, 2024
Hong Kong Attempts to Attract Saudi Investment to Revitalize Stock Market Hong Kong is actively seeking investment from Saudi Arabia to help rejuvenate its stock market, which has been facing multiple challenges. The city, known for its role as a ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 6, 2024
USD/JPY Ends Three-Day Slide Above 153.50 as Yellen Warns on Currency Intervention The USD/JPY pair staged a notable reversal during Monday’s Asian trading session, breaking a three-day losing streak. This upward movement was fueled by a modest ...
Daily Forex Technical Analysis By XtreamForex
- xtreamforex replied May 3, 2024
EUR/USD Nears 1.0750 as Risk Appetite Rebounds The EUR/USD pair continued its upward momentum, marking a third consecutive day of gains as it hovered around the 1.0730 level during Friday’s Asian session. This surge in the currency pair was fueled ...
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- xtreamforex replied May 2, 2024
Asian Stocks Rise Post-Fed Decision; Yen Declines Resume Most Asian stocks rose following comments from Federal Reserve Chair Jerome Powell, which tempered expectations for further interest-rate hikes. Meanwhile, the yen weakened after briefly ...
Daily Forex Technical Analysis By XtreamForex