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Asia-Pacific FX News Wrap: Major Forex Trades Mostly Sideways | ForexLive
Asia-Pacific FX trading was relatively quiet today, with major forex trades mostly moving sideways. The day saw a mix of news and events, including Israel's army reporting the killing of a top commander of...
USD/JPY Forecast: Potential Pullback Ahead for Bulls – Action Forex
The USD/JPY pair experienced a rally above 149.20 before facing resistance from the bears. On the 4-hour chart, it traded below a significant bullish trend line with support at 149.35. Meanwhile, the EUR/USD saw...
New Zealand Manufacturing PMI Improves to 46.9 in September | Forexlive
The New Zealand Manufacturing Purchasing Managers' Index (PMI) showed improvement in September, reaching 46.9. This indicates a slight recovery in the manufacturing sector in the country.It is important to note that foreign exchange trading...
Fed’s Goolsbee Expects Close Calls on Rate Decisions Ahead – Market Outlook
Chicago Federal Reserve President Austan Goolsbee recently spoke to CNBC about the progress in controlling inflation and stabilizing the labor market in the last year and a half. According to Goolsbee, inflation has decreased...
Understanding the NZDUSD Price Action: Watch This Video for Clarity
If you're finding it hard to understand what's going on with the NZDUSD price action, don't worry, you're not alone. Price action can be confusing, but looking at the technical aspects can help shed...
Fed’s Williams Expects Gradual Shift Towards Neutral Policy – Action Forex
New York Fed President John Williams spoke today about the future direction of monetary policy, indicating that there will be a gradual shift towards a more neutral stance in the coming months. This aligns...
NZDUSD Technical Analysis: Greenback Support Ahead of US CPI
The US Dollar saw a strong rally last Friday after a positive US NFP report, leading to a shift in market expectations regarding rate cuts. This week, the greenback continued to rise as the...
USDCHF Forecast: Bullish Outlook Ahead of US CPI Release
The USDCHF pair has shown a positive trend recently, reaching a six-week high of 0.8609 after finding support near the 50-day SMA. The technical indicators suggest that there is potential for further bullish movement,...
Japan Coalition Partner Urges Continuation of Utility and Fuel Subsidies
Foreign exchange trading is a risky venture that may not be suitable for everyone. It is important to understand the risks involved, especially with leverage, which can increase the potential for losses. Before diving...
Fed’s Rate Cut Supported by Majority, Divisions on Future Easing – Analysis
The Federal Reserve's recent decision to lower interest rates by 50 basis points had the support of a majority of policymakers, as revealed in the meeting minutes. However, the discussions among the officials showed...