The overall strength of the US dollar lifts the USD/JPY pair, rising 0.10%. Risk aversion maintains the safe haven US dollar offered tone even against the yen. USD/JPY Technical Outlook: Bullish bias, as shown by the DMAs under the exchange rate, along with a double bottom chart pattern. The USD/JPY It advances, recovering from the […]
Tag: Macroeconomy
Dollar loses strength in the face of ceasefire hopes
This is what you need to know to trade today Thursday March 3: The dollar continued to gain strength against its rivals and the US dollar index DXY hit its highest level since June 2020 during the American session on Wednesday. However, news of Russian negotiators seeking to discuss a ceasefire with Ukraine triggered a […]
GBP/USD trims Tuesday’s losses and faces stiff resistance as it approaches 1.3400
GBP/USD is holding on to its weekly gains, rising as much as 0.56%. In the last few hours, the geopolitical headlines eased a bit, although the fundamentals are back in control. Federal Reserve Chairman Powell is in favor of a 25 basis point hike at the March meeting and said the bank would begin a […]
NZD/USD is approaching slight resistance around 0.6780-90
The NZD extends its gains on the week, rising 2.03% against the USD. Ukraine-Russia would resume negotiations on Thursday – Tass. NZD/USD Technical Outlook: Neutral-Bearish, but if it cannot break resistance it would exacerbate a bearish move. NZD/USD Technical Outlook: A bearish harami is coming on the daily chart. The New Zealand dollar It is […]
Safe Haven Assets in Demand over Russia-Ukraine Talks and Powell’s Testimony
This is what you need to know to trade today tuesday march 2: Safe-haven currency flows took control of markets in the second half on Tuesday, as Russia’s continued aggression against Ukraine despite harsh sanctions imposed by Western nations forced investors to seek refuge. Market participants are increasingly concerned about the possible negative impact of […]
GBP/USD falls 130 pips and presses 1.3300 on geopolitical developments
On Tuesday, the GBP/USD pair falls sharply 0.79% amid a risk-off market mood fueled by the war in Eastern Europe. Market participants ignored important macroeconomic data from the UK and the US. GBP/USD Technical Outlook: Bearish bias and could accelerate on a daily close below 1.3300. The GBP slumps as risk-off market sentiment intensifies in […]
US ISM Manufacturing PMI rises to 58.6 in February vs. 58.0 expected
The ISM Headline Manufacturing PMI rose to 58.6 in February, slightly higher than expected. The strong data appears to have added to the US dollar tailwinds, with DXY recently hitting session highs around 97.20. According to the latest US ISM manufacturing survey. For February, the headline index rose to 58.6, above economists’ median forecast of […]
Real GDP expands 6.7% annualized in the fourth quarter vs. 6.5% forecast
Real GDP growth in Canada was stronger than expected in the fourth quarter on an annualized quarterly basis, but weaker than expected in December. The loonie did not react to the mixed data as the focus remains on geopolitics. Canada’s real GDP it expanded at a 6.7% annualized pace in the fourth quarter, beating expectations […]
Talks between Russia and Ukraine are not enough to trigger a relief movement
This is what you need to know to trade today Tuesday 1 of March: The positive change seen in risk sentiment in the second half on Monday was short-lived, with Russia increasing its military presence in Ukraine. Investors remain cautious early Tuesday and the US dollar holds its ground against its main rivals. Later in […]
XAU/USD slides off daily highs but remains bullish, steady around $1,900
The bearish market mood increased demand for the yellow metal. Vladimir Putin retaliates for Western sanctions, putting the Russian military on high nuclear alert. XAU/USD Price Forecast: Has a Bullish Bias but Subject to Market Sentiment. Gold (XAU/USD) reached a daily high during the Asian session at the beginning of the week. The financial market […]
