FxWirePro GBP/NZD drops on dovish BoE comments, more downside expected
Apr 19, 2024 21:18 pm UTC| Technicals
GBP/NZD declined on Friday as pound was negatively impacted by dovish comments from Bank of England Deputy Governor Dave Ramsden. BoEs Ramsden suggested that inflation might linger around the central banks 2% target...
FxWirePro: EUR/AUD loses momentum but outlook is bullish
Apr 19, 2024 19:19 pm UTC| Technicals
EUR/AUD initially gained on Friday but gave up due to heightened risk aversion due to geopolitical tensions. On the data front, German Producer Price Index saw a 0.2% increase, marking a notable upturn from the...
FxWirePro:EUR/NZD uptrend intact, prepping for key resistance breakout
Apr 19, 2024 17:44 pm UTC| Technicals
EUR/NZD uptrend consolidated for a second day on Friday as euro was supported by upbeat German Producer Price Index data. In March, the German Producer Price Index increased by 0.2%, a significant rise from the...
FxWirePro: GBP/ AUD gently bid,a close above a key level needed to tighten grip
Apr 18, 2024 21:39 pm UTC| Technicals
GBP/ AUD staged a recovery on Thursday as the pair bounced back from an early dip as traders seek additional clarity on the Bank of Englands rate expectations. Choppy overnight action leads to a short lived dip but,...
FxWirePro: GBP/NZD beginning to trend higher but hurdle ahead
Apr 18, 2024 21:08 pm UTC| Technicals
GBP/NZD strengthened on Thursday as the pair recovered from early dip as traders seeked further clarity on BoE rate expectations. Changing expectations of central banks rate policies has brought currency volatility...
FxWirePro:EUR/NZD getting back on track for run toward 1.8100 level
Apr 18, 2024 19:28 pm UTC| Technicals
EUR/NZD initially dipped on Thursday but recovered ground as bears couldnt sustain lower move as dip buyers emerged. In an up-and-down session, the pair hit low at 1.7990 in early trading then gained towards...
FxWirePro:EUR/AUD consolidates around 1.6585, maintains bullish bias
Apr 18, 2024 17:38 pm UTC| Technicals
EUR/AUD initially dipped on Thursday but recovered most of the ground as bids emerged near level 1.6540 level At GMT 17:33, the pair was trading up 0.02 percent at 1.6585 after reaching daily low at 1.6542. A daily...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India