GBP/USD extends its losses for the week, down 0.94% so far. The talks between Russia and Ukraine did not meet the expectations of market participants. GBP/USD Technical Outlook: Bias to the downside, though facing strong support at 1.3100. GBP’s gains on Wednesday are tapering off, amid a change in financial market mood, due to reports […]
Tag: Macroeconomy
AUD/USD rises above 0.7350 after US inflation figures.
Australian dollar rises along with commodity prices, grows 0.51%. The Russia-Ukraine talks, stalled with no progress, dampened the market mood. AUD/USD Technical Outlook: Remains higher, buoyed by commodity prices and the 200-DAY DMA breakout higher. The AUD/USD It is advancing for the second day in a row, after Wednesday’s sudden shift in sentiment amid no […]
Risk move takes a breather ahead of Russia-Ukraine talks and ECB announcement
This is what you need to know to trade today Thursday March 10: The observed positive change in risk sentiment weighed heavily on the US dollar on Wednesday and helped risk-sensitive assets rally sharply. The dollar holds its ground against its main rivals in the early hours of Thursday and the markets turn cautious waiting […]
AUD/USD trims two-day losses and recovers 0.7300 on positive market mood
AUD/USD bounces off weekly losses, although down 0.65% on the week. The disputes between Russia and Ukraine and the strong demands of both parties do not allow progress in the talks. AUD/USD Technical Outlook – At press time, above the 200-day DMA, a close above would resume the uptrend. The AUD/USD It breaks two days […]
Markets calm as risk aversion takes a breather
This is what you need to know to trade today Wednesday March 9: The dollar continues to consolidate its gains in the early hours of Wednesday as investors move to the sidelines while awaiting further developments around the conflict between Russia and Ukraine. Markets remain cautious, but safe-haven assets struggle to pick up steam midweek. […]
EUR/JPY trims Monday’s losses and hugs the 126.00 level
EUR/JPY is up 0.56% on the week amid a risk-on market mood. The United States and the United Kingdom will ban oil imports from Russia. EUR/JPY Technical Outlook: Once stuck in the 126.70-95 region, it would resume its bearish bias. The shared currency recovers some ground against the underperforming, safe-haven Japanese yen amid a risk-off […]
AUD/USD extends weekly losses and falls below 0.7300
AUD/USD continues to slide despite improved market sentiment on the Ukraine news. Ukraine would not insist on joining NATO – AFP. AUD/USD Price Forecast: Long-Term Neutral, Skewed To The Upside, But Could Extend Towards Fibonacci 50% Confluence With 0.7200 Level. The AUD/USD It fell for the second day in a row, despite an improved market […]
GBP/USD falls to new yearly lows at 1.3117, all eyes point to 1.3100
The British pound extends its monthly losses, falling close to 2%. A depressed market mood stimulated demand for safe-haven assets, where the dollar is “king”. GBP/USD Technical Outlook: Break of 1.3100 would expose Nov 2, 2020 lows at 1.2853. UK Prime Minister Boris Johnson made statements; and he said the UK “cannot just shut down […]
AUD/USD clings above the 200 DMA around 0.7345 after the US NFP report.
AUD/USD will end the week with gains, up 1.50%. The US non-farm payrolls report beat expectations, giving the green light for a Fed hike. Fed’s Evans: Raising at every meeting is essential. AUD/USD Technical Outlook: Bullish bias as long as it stays above the 200-day DMA. The AUD/USD rises for the third day in a […]
Markets turn risk averse as Russia attacks nuclear facility, spotlight on NFP
This is what you need to know to trade today friday march 4: Safe-haven flows once again took control of markets during Asian trading hours on Friday after reports showed a fire broke out in a Ukrainian nuclear complex building. According to the latest headlines, the fire has been extinguished and there was no indication […]
