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EUR/USD Trades Near 1.1600 but Could Soon Resume Its Decline
Tuesday, November 9, 2021 - 10:32am | 551EUR/USD Current price: 1.1587 EU Sentix Investor Confidence improved from 16.9 to 18.3 in November, missing expectations. Top US Federal Reserve officials set to leave their positions in early 2022. EUR/USD trades near 1.1600 but could soon resume its decline. The EUR/USD pair neared 1...
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AUD/USD Grinds North, Could Extend Gains Towards Its Recent High at 0.7555
Tuesday, November 9, 2021 - 10:29am | 426AUD/USD Current Price: 0.7423 China posted a record surplus of $42 billion with the US in October. Australia will October NAB’s Business Confidence, previously at 13, and NAB’s Business Conditions. AUD/USD grinds north, could extend gains towards its recent high at 0.7555...
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AUD/USD is Technically Bearish and There Are No Signs of Bearish Exhaustion
Friday, November 5, 2021 - 10:21am | 477AUD/USD Current Price: 0.7400 The greenback resumed its advance after major pairs failed at critical levels. The Australian Trade Balance posted a surplus of A$12.24 billion in September. AUD/USD is technically bearish and there are no signs of bearish exhaustion. The AUD/USD pair fell to 0...
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EUR/USD is Trading Around 1.1550, Bearish in the Near Term
Friday, November 5, 2021 - 10:18am | 591EUR/USD Current price: 1.1555 Tepid European data and broad dollar’s demand sent EUR/USD towards its year low. US Treasury yields retreated amid central bankers disregarding inflationary pressures. EUR/USD is trading around 1.1550, bearish in the near term. The EUR/USD pair ...
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AUD/USD Forecast: Modest Recovery Post-Fed
Thursday, November 4, 2021 - 10:32am | 387AUD/USD Current Price: 0.7451 Mixed Australian macroeconomic data maintained the aussie under pressure. A dovish US Federal Reserve put a cap on the greenback’s rally. AUD/USD is still at risk of falling in the near term, eyes on 0.7400. The AUD/USD pair trades in the 0.7450 region,...
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EUR/USD Forecast: Bears Hold the Grip Despite Powell's Conservative Tone
Thursday, November 4, 2021 - 10:28am | 639EUR/USD Current price: 1.1599 US Federal Reserve announced tapering as expected, remained cautious. US macroeconomic data came in much better than expected, maintaining the greenback afloat. EUR/USD is still in a bearish path and could break lower towards fresh 2021 lows. The EUR/USD pair...
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AUD/USD at Risk of Losing the 0.7400 Price Zone and Approaching 0.7330
Wednesday, November 3, 2021 - 10:15am | 527AUD/USD Current Price: 0.7430 The RBA dropped the yield curve-control, but repeated rates will remain low for long. The US Federal Reserve will kick-start tapering its massive pandemic financial support program. AUD/USD at risk of losing the 0.7400 price zone and approaching 0.7330. The...
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EUR/USD Has Slid Below the 1.1600 Level, Could Extend Its Slide to Fresh Yearly Lows
Wednesday, November 3, 2021 - 10:11am | 571EUR/USD Current price: 1.1584 The US Federal Reserve is expected to reduce financial support by at least $15 billion per month. European manufacturing output was downwardly revised in October, bottlenecks are still an issue. EUR/USD has slid below the 1.1600 level, could extend its slide to fresh...
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AUD/USD is Technically Poised to Break Higher and Challenge the 0.7600 Price Zone
Tuesday, November 2, 2021 - 10:29am | 477AUD/USD Current Price: 0.7517 The Reserve Bank of Australia will likely drop its yield curve control. Dismal Chinese data prevented the pair from rallying at the beginning of the day. AUD/USD is technically poised to break higher and challenge the 0.7600 price zone. The AUD/USD pair ...
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EUR/USD Has Lost Its Bearish Strength in The Near Term, but There's a Long Way Up
Tuesday, November 2, 2021 - 10:25am | 523EUR/USD Current price: 1.1604 Market participants are mildly optimistic ahead of critical first-tier events. US ISM Manufacturing PMI contracted by less than anticipated in October, held above 60. EUR/USD has lost its bearish strength in the near term, but there’s a long way up. The ...
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AUD/USD Trades at Fresh Multi-Month Highs and Is Likely to Extend Its Advance
Friday, October 29, 2021 - 10:37am | 451AUD/USD Current Price: 0.7536 Australian Retail Sales are expected to have recovered after plummeting in August. US growth decelerated in the third quarter of the year, missing expectations. AUD/USD trades at fresh multi-month highs and is likely to extend its advance. The AUD/USD pair ...
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EUR/USD Bullish Potential Increased After Breaking Above the 1.1670 Level
Friday, October 29, 2021 - 10:34am | 642EUR/USD Current price: 1.1681 Inflation in the Union is more problematic than policymakers would like to acknowledge. US Gross Domestic Product was up by 2% in the third quarter, missing the market’s expectations. EUR/USD bullish potential increased after breaking above the 1.1670 level....
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EUR/USD Keeps Consolidating Around the 1.1600 Figure Ahead of First-Tier Events
Thursday, October 28, 2021 - 10:26am | 560EUR/USD Current price: 1.1608 The European Central Bank is expected to pave the way for a tighter monetary policy. US Q3 Gross Domestic Product is foreseen at 2.7%, sharply down from the previous 6.7%. EUR/USD keeps consolidating around the 1.1600 figure ahead of first-tier events. The EUR/...
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AUD/USD Forecast: Bullish Near October High
Thursday, October 28, 2021 - 10:25am | 402AUD/USD Current Price: 0.7523 Australian inflation unexpectedly surged at its fastest pace since 2015 in Q3. Equities fell amid speculation central banks will accelerate tapering before year-end. AUD/USD is poised to extend its rally beyond the 0.7550 price zone. The AUD/USD pair moved further...
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AUD/USD Bounced From a Fibonacci Support Level and Could Reach Fresh Monthly Highs
Tuesday, October 26, 2021 - 10:22am | 391AUD/USD Current Price: 0.7496 Firmer gold prices and the positive tone of equities underpinned AUD/USD. Australia will publish next Wednesday Q3 inflation data. AUD/USD bounced from a Fibonacci support level and could reach fresh monthly highs. The AUD/USD pair trades near the 0.7500...