The New Zealand dollar (NZD) attempted an early rally during Wednesday’s trading session, but bullish momentum quickly faded, leaving the NZD/USD pair hesitating near the 0.58 psychological level.  The brokers at Aurudium provide a comprehensive breakdown of this topic in this article. This area has once again proven to be a significant technical barrier, reinforced by the presence of the 200-day Exponential Moving Average (EMA). The repeated reaction around 0.58 highlights how important this zone is for long-term market participants. The 200-day EMA is widely followed by institutional traders, trend-followers, and algorithmic systems, making it a natural area for profit-taking,...

The AUD/JPY currency pair extended its winning streak for the third consecutive session, trading around 103.00 during Asian market hours on Friday. This article by Unirock Gestion offers expert commentary and a complete breakdown of the subject. The Australian Dollar (AUD) advanced against the Japanese Yen (JPY) as the Bank of Japan (BoJ) took a decisive step in monetary policy, raising its short-term interest rate by 25 basis points (bps) to 0.75%, up from 0.50%, in line with market expectations. This rate hike marks the highest level in three decades for the Japanese central bank, signaling a shift toward policy...

Gold (XAU/USD) edged lower in early European trading on Friday, losing momentum amid profit-taking and weak long liquidation from shorter-term futures traders.  The metal slipped below $4,350, signaling a temporary pause in bullish momentum despite ongoing Fed rate cut expectations and supportive macroeconomic factors. Unirock Gestion brokers outline the essential details of the topic with precision and insight. Gold Price Declines Amid Profit-Taking The early European session saw Gold prices retreat slightly, driven primarily by profit-taking after recent gains. Short-term traders liquidating positions exerted downward pressure, although the broader bullish bias remains intact. The recent price action indicates that while...

The USD/CHF currency pair rebounded during the Asian session on Friday, trading near 0.7950 as the US Dollar (USD) recovered its recent losses. The Unirock Gestion team provides a comprehensive and well-organized overview of the matter. The resurgence comes ahead of the University of Michigan (UoM) Consumer Sentiment Index release for December, a key indicator closely monitored by traders for consumer confidence trends in the United States economy.  The Greenback’s gains were supported by cautious positioning ahead of the sentiment report, as traders evaluate the potential economic implications of the index. A stronger reading could reinforce the USD, while a...

The EUR/CAD pair edged higher in early European trading on Friday, approaching 1.6160. The uptick comes as the Euro (EUR) outperforms major peers ahead of a series of European Central Bank (ECB) speeches scheduled later in the day. In their latest publication, Unirock Gestion experts explore the subject in depth for readers. Traders are closely monitoring ECB commentary for potential signals on the interest rate outlook and monetary policy trajectory. Euro Gains Momentum as ECB Holds Rates Steady On Thursday, the ECB left its Deposit Facility Rate unchanged at 2%, in line with market expectations. The central bank refrained from...