Fri, March 29, 2024

Forex

Dollar and Euro

EUR/USD Dips And DXY at 104.30: Currency Shifts

Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs.  US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors and policymakers. In particular, …

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GBP/USD: British pound sterling coins.

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »

dollar, usd/cad-american-canadian-dollars

USD/CAD Eyes 1.3600 Amid Market Volatility

Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD pair currently hovers near …

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NZD/USD - NZD USD digital trading chart.

NZD/USD Nears 0.6000 Amid Global Economic Shifts

Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead.  Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …

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AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Rises 0.41% Amid Economic Uncertainty

Quick Look: AUD/USD  current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts

Quick Look: The USD/JPY pair experienced a slight decline, with fluctuations highlighting market volatility. Bank of Japan’s shift from negative interest rates to a potential rate hike signals a new direction. Upcoming U.S. economic data and Fed commentary are pivotal for interest rate trajectory. The USD/JPY pair‘s journey through the forex market landscape provides a …

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts Read More »

swiss franc and U.S. dollar - USD/CHF

USD/CHF Neutral, Eyes on 0.9243 Cap

Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …

USD/CHF Neutral, Eyes on 0.9243 Cap Read More »

Wibest – Australian Money: Australian dollar bills.

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added

Quick Look: Unemployment rate decreased to 3.7% from 4%, dipping below the 12-month average. AUD/USD rate surpassed 66 cents, aiming for the 0.6650/60 zone. Australian 3-year bond yield saw up to a 9 basis point drop. An expected job addition of 40,000 could lower unemployment to 4.0%. Australia’s employment landscape has recently presented compelling evidence …

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added Read More »

EUR/USD - Euro and the united states dollar

EUR/USD Surges to 1.0900 After Fed Holds Rates

Quick Look EUR/USD surged past 1.0900 following the Federal Reserve’s decision to maintain interest rates at 5.5%. Investors interpreted the move as dovish, with expectations leaning towards further easing in 2024. Fed Chair Powell cited easing inflation but highlighted ongoing concerns with the tight labour market. The financial markets experienced a significant shift as the …

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USD/JPY

USD/JPY Hits High at 151.55: Market Stays Neutral

Quick Look The USD/JPY pair is experiencing strength, trading around 151.55. The Bank of Japan transitions from negative interest rates, setting the new rate at 0.1%. The market’s reaction remains neutral, focusing on future actions over immediate changes. The financial landscape witnessed a significant shift yesterday. The Bank of Japan (BoJ) decisively moved away from …

USD/JPY Hits High at 151.55: Market Stays Neutral Read More »

swiss franc and U.S. dollar - USD/CHF

USD/CHF Forecast: Key Trade Signals

Quick Look USD/CHF nears 0.8900 resistance with a positive stochastic reading. Bullish channel from 0.8835 critical for support; breach signals bearish correction. Anticipation of a breakthrough towards the 0.9000 mark amid an established bullish scenario. Interest rate decisions by the Federal Reserve and the Swiss National Bank this week. Analysing the recent dynamics of the …

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NZD/USD - New Zealand dollar bills.

NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade

Quick Look NZD/USD declined today, trading around 0.6053, marking a 0.53% drop. The US Dollar Index (DXY) surged to two-week highs, surpassing the 103.80 mark. Market sentiments suggest a 73% probability of a rate cut by the Federal Reserve in July. China and New Zealand are enhancing their free trade agreement. Anticipation builds around the …

NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade Read More »

The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10

Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan.  The trading session involving …

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10 Read More »