FxWirePro: EUR/NZD downside pressure builds, key support level in focus
May 04, 2024 01:08 am UTC| Technicals
EUR/NZD declined on Friday as buoyed risk sentiment and expectation that RBNZ will cut rates this year boosted kiwi dollar. The RBNZ has kept the cash rate unchanged at 5% since July and hasnt signaled plans to shift...
FxWirePro: GBP/NZD drops to one week low with plenty more downside potential
May 03, 2024 20:27 pm UTC| Technicals
GBP/NZD declined sharply on Friday as buoyant risk sentiment and expectation RBNZ will start reducing interest rates later this year boosted kiwi dollar Median forecasts showed rates at 4.10% by end-year, 25 basis...
FxWirePro:GBP/AUD outlook weaker on renewed downside pressure
May 03, 2024 18:18 pm UTC| Technicals
GBP/AUD declined on Friday as buoyed risk sentiment and hawkish RBA expectations boosted Australian dollar. RBA will hold its key policy rate at 4.35% for a fourth straight meeting on Tuesday , RBA will remain on hold,...
FxWirePro: EUR/AUD heads deeper into bear territory, 1.6268 a key barrier
May 03, 2024 17:42 pm UTC| Technicals
EUR/AUD declined on Friday as expectations of a hawkish shift in RBA rate stance and stronger Higher CNH boosted Australian dollar . The pair currently is approaching support at 1.6268(38.2% fib ). A break under would...
FxWirePro: GBP/AUD attracts selling interest, vulnerable to more downside
May 02, 2024 22:38 pm UTC| Technicals
GBP/AUD declined on Thursday as higher US yields, USD/CNH rally boosted Australian dollar. Australian dollar rallied against pound despite a weaker trade balance and lower building permits data. The pair dropped to...
FxWirePro:GBP/NZD extends drop, faces 23.6%fib support
May 02, 2024 21:35 pm UTC| Technicals
GBP/NZD declined on Thursday as commodity-linked kiwi dollar got boost from higher gold and equities price. Investors are looking to the Bank of Englands meeting next week for clues on when its policy easing could...
FxWirePro:EUR/NZD drifts lower , could be on verge of a bigger drop
May 02, 2024 21:15 pm UTC| Technicals
EUR/NZD declined on Thursday as downbeat euro zone manufacturing activity and stronger kiwi dollar weighed on the pair. HCOBs final euro zone manufacturing Purchasing Managers Index (PMI), compiled by SP Global, fell...
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