The GBP/USD currency pair is trading with a cautious tone as investors await Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium. Market participants are carefully assessing the balance between US economic resilience and signs of labor market softening, while also monitoring UK consumer confidence data. The pair managed to hold above the...
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In forex
EUR/JPY Price Forecast: Holds Above 172.00; Bullish Technical Setup Backs Positive Outlook
The EUR/JPY cross continues to show resilience in the currency market, maintaining its position above the key 172.00 handle and strengthening its bullish technical outlook. On Friday, the pair scaled higher for the second consecutive session, supported by a broadly weaker Japanese Yen (JPY) as market participants remain uncertain about the Bank of Japan’s (BoJ)...
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In Forex
AI Revolution Exile: Adobe’s Stunning Fall from Grace
Creative software giant loses its spot among elite AI companies as Wedbush reshuffles future tech leaders Adobe‘s removal from Daniel Ives’ prestigious AI 30 list represents more than a simple portfolio adjustment. It signals a fundamental shift in how Wall Street evaluates AI readiness among established tech companies. Senior finance analyst at Arbitics examines how...
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In business
Dollar Index Steadies Above 98.50 Ahead of Jackson Hole Symposium
The US Dollar Index (DXY), a widely followed measure of the greenback’s value against a basket of six major world currencies, held steady during Friday’s Asian session, trading near 98.65. The flat trading tone comes as market participants adopt a cautious stance ahead of Federal Reserve (Fed) Chair Jerome Powell’s highly anticipated speech at the...
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In forex
USD/INR Opens Higher Amid Caution Ahead of Fed Chair Powell’s Speech
The Indian Rupee (INR) opened lower against the US Dollar (USD) on Friday, as the USD/INR pair rose to near 87.60, reflecting a firm Greenback ahead of Federal Reserve (Fed) Chair Jerome Powell’s keynote at the Jackson Hole (JH) Symposium. Market participants are exercising caution, with investors closely watching for signals on the US monetary...
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In forex
USD/CAD Hits Fresh Three-Month Highs Above 1.3900 Ahead of Fed Powell’s Speech
The USD/CAD currency pair surged to fresh three-month highs, reaching 1.3915 during Asian trading hours on Friday, marking the fourth consecutive session of gains. The pair’s upward momentum reflects a strengthening US Dollar (USD) amid easing market expectations for an imminent Federal Reserve (Fed) rate cut. Traders are closely monitoring Fed Chair Jerome Powell’s upcoming...
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In finance
AUD/JPY Price Forecast: Resumes Upward Journey Above 100-Day EMA Near 95.50
The AUD/JPY currency pair showed modest gains during the early European session on Friday, trading near 95.45, marking a daily increase of 0.24%. The pair’s continued resilience above the 100-day Exponential Moving Average (EMA) signals a positive technical outlook, although traders should remain cautious of potential short-term consolidation. ProDivia Group broker Jason Brown offers valuable...
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In forex
USD/MXN Ticks Higher After Banxico Minutes; Eyes Powell’s Speech for Fresh Impetus
The USD/MXN pair edged higher on Friday, though the recent uptick in spot prices appears to lack follow-through buying, reflecting a cautious market stance ahead of major central bank events. During the early Asian session, the pair attracted some dip-buying near the 18.7375 area, temporarily snapping a two-day losing streak. Despite this modest recovery, spot...
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In forex
NZD/USD Tumbles to Near 0.5800 Ahead of Powell’s Jackson Hole Speech
The NZD/USD currency pair extended its downside pressure on Friday, trading near 0.5815 during early Asian session hours, marking its lowest level since April 11. The New Zealand Dollar (NZD) weakened against the US Dollar (USD) as the Reserve Bank of New Zealand (RBNZ) delivered a dovish policy message, cutting interest rates and hinting at...
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In forex
USD/CHF Outlook: Surpasses 20-Day SMA, Targets 0.81
The USD/CHF currency pair surged 0.56% on Thursday, trading at 0.8087 after decisively breaking above the 20-day simple moving average (SMA) at 0.8076. This technical breakthrough signals a strengthening bullish momentum, as market participants react to mixed US economic data that has prompted investors to trim dovish Federal Reserve expectations for the upcoming September monetary...
