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...
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In finance
EUR/USD Retreats as Strong US PMI Boosts Dollar, Powell Speech in Focus
The EUR/USD currency pair dropped 0.40% during the North American session on Wednesday, reflecting strong US economic data that bolstered the Greenback. The pair traded at 1.1604, having reached a daily high of 1.1662, as investors digested S&P Global’s Purchasing Managers Index (PMI) surveys and the latest labor market figures from the United States. The...
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In forex
Japanese Yen Weakens as BoJ Policy Uncertainty Persists; USD/JPY Climbs Above 147.50 on Stronger Dollar
The Japanese Yen (JPY) remains under pressure, failing to attract meaningful buying interest despite slightly higher-than-expected inflation figures. The persistent uncertainty over the timing of the next Bank of Japan (BoJ) rate hike continues to weigh on the JPY, while a broadly firmer US Dollar (USD) provides support to the USD/JPY currency pair, pushing it...
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In business
Gold Keeps the Red as USD Strength Persists Ahead of Powell’s Address
Gold (XAU/USD) extended its losses for the second consecutive day on Friday as a strengthening US Dollar (USD) continues to weigh on the non-yielding precious metal. The market’s cautious sentiment and reduced bets for a Federal Reserve (Fed) rate cut have contributed to the ongoing downward pressure on Gold. Traders remain on edge, awaiting Fed...
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In forex
WTI Holds Steady Near $63.50 as Optimism Over Russia-Ukraine Peace Fades
West Texas Intermediate (WTI) crude oil prices remained relatively stable near $63.50 on Friday, after two days of gains, as optimism surrounding an immediate Russia-Ukraine peace deal continues to fade. During Asian trading hours, WTI hovered around $63.40, reflecting a market balancing geopolitical risks, supply disruptions, and evolving macroeconomic indicators. Broker Anthony Trevino at ProDivia...
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In forex
Ripple Legal Endgame Meets Fresh SEC ETF Delays; BTC Dips to $112k
The cryptocurrency market faced renewed turbulence this week as Ripple’s (XRP) ongoing legal saga intersected with fresh SEC delays on XRP-spot ETF approvals, while Bitcoin (BTC) struggled ahead of Fed Chair Jerome Powell’s Jackson Hole speech. Investor sentiment has been rattled, reflecting broader market fragility across digital assets. Daniel Morris, a ProDivia Group broker, shares...
