Tag: Forex market trends

The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...

The final consumer sentiment in the US for October came in at 70.5, beating expectations of 69.0. This positive news was accompanied by the US September durable goods orders, which were slightly lower than...

On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...

The AUD/USD pair saw a slight decline to 0.6657 last week before recovering. This week, the initial bias remains neutral for some consolidation. However, there is an expectation of further decline as long as...

USD/JPY is currently in a phase of consolidation below the temporary peak of 149.97, leading to a neutral bias for the short term. The expectation is for a continuation of the rally as long...

The Canadian dollar has been struggling against the US dollar for the past ten trading days, dropping by 2.1% in October. Currently, USD/CAD is trading at 1.3811, showing a 0.11% increase in Tuesday's session.The...

Yesterday, the US Dollar received a boost from a higher than expected US CPI report, but quickly lost those gains. This was due to the US Jobless Claims figures also being released, showing a...

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...

The USD saw a rise in value last Friday after a strong US NFP report. This caused the market to adjust its expectations for rate cuts, aligning more closely with the Fed's projections. Moving...

Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key events and data releases for today:- 00:00 GMT: In Australia,...