NZD/USD gains ground to near 0.6000 in Wednesday’s early Asian session. US JOLTS Job Openings rose to 7.39 million in April, above the consensus. US President Trump and Chinese President Xi Jinping were likely to have a call soon. The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The […]
USD/CHF drops to 0.8155 amid renewed ‘Sell America’ sentiment across global markets. RSI confirms bearish momentum; next targets are YTD low at 0.8083 and psychological support at 0.8000. Recovery needs a break above 0.8200, with resistance at 0.8300 and last week’s high at 0.8346. USD/CHF extended its losses during Monday’s North American session, down 0.60%
EUR/USD depreciates as the US Dollar strengthens, as US yields weaken due to Japan’s potential cuts in government debt issuance. The Greenback gains ground ahead of the May 7 FOMC Meeting Minutes release on Wednesday. Trump expressed his satisfaction as the EU is speeding up the process to reach a trade deal with the United
NZD/USD edges higher to around 0.5900 in Friday’s early Asian session. New Zealand Retail Sales beat expectations in Q1. A stronger US S&P Global PMI might cap the pair’s upside. The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to
USD/CAD trades in negative territory near 1.3855 in Thursday’s early Asian session. Worries about a ballooning US deficit weigh on the US Dollar. The advanced S&P Global Manufacturing and Services PMI reports will be closely watched later on Thursday. The USD/CAD pair extends its downside to around 1.3855 during the early Asian session on Thursday,
The Australian Dollar falls as the Reserve Bank of Australia implements 25 basis point rate cut. The People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10% on Tuesday. The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1. The Australian Dollar (AUD) dips against
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist. The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April. The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed
The pair trades near the 0.5900 zone after slipping 0.40%, pressured by softer New Zealand outlook and steady US Dollar. US PPI and Retail Sales missed expectations, but Fed’s Powell struck a cautious tone supporting Greenback stability. Technical bias is bearish; support at 0.5860 and 0.5846, resistance at 0.5878 and 0.5884. The NZD/USD is trading
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
The Australian Dollar holds ground as the US Dollar weakened following softer-than-expected US inflation data. Australia’s Wage Price Index rose by 0.9% QoQ in Q1, against the expected 0.8% increase. US President Donald Trump described the relationship with China as excellent. The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday
The US Dollar Index may retest the upper boundary of its ascending channel near 100.80. A decisive break above the 50 mark would be required to confirm a shift toward bullish momentum. The DXY may target immediate support at the nine-day EMA of 100.10. The US Dollar Index (DXY), which tracks the performance of the
AUD/USD gains ground to near 0.6420 in Monday’s early Asian session. China’s CPI fell for the third month amid ongoing economic struggles. The US and China cite progress in Geneva trade talks. The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland,
The US Dollar holds steady as global trade negotiations remain in focus. The PBoC continues Gold purchases, signaling long-term interest. Chinese Copper production expands, reducing reliance on imports. The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper
AUD/USD continues to face downward pressure amid stalled US-China trade negotiations. Beijing is unlikely to ease tariffs ahead of the upcoming talks in Switzerland, fueling market uncertainty and weakening risk sentiment. President Trump has announced a “major” trade deal with the United Kingdom, although key tariffs will stay at 10%. The AUD/USD pair recovers its
NZD/USD consolidates near 0.6000 after touching a six-month high. Fed leaves rates unchanged but highlights rising inflation and unemployment risks. Technical indicators present a mixed outlook, with key support at 0.5920 and resistance at 0.5950. The NZD/USD pair is pulling back from a six-month high near 0.6025 reached earlier on Wednesday, trading around 0.6000 as
