FxWirePro- Buy GBPJPY above 194.45 ( Hull Moving average trade setup)
Oct 09, 2024 03:47 am UTC| Technicals
GBPJPY consolidating in a narrow range between 194.37 and 193.89 for the past two days. It hit a high of 194.37 at the time of writing and is currently trading around 194.08. Overall trend remains bullish as long as...
FxWirePro: GBP/NZD extends gains, faces 23.6% fib resistance
Oct 09, 2024 01:42 am UTC| Technicals
GBP/NZD strengthened after the Reserve Bank of New Zealand (RBNZ) cut interest rates as expected. The RBNZ cut its official cash rate to 4.75% from 5.25%, in line with market expectations. The RBNZ policymakers...
FxWirePro: NZD/USD moves lower after Reserve Bank of New Zealand cut cash rate
Oct 09, 2024 01:29 am UTC| Technicals
NZD/USD declined on Wednesday after Reserve Bank of New Zealand cut its cash rate by half a percent. New Zealands central bank slashed the cash rate by 50 basis points to 4.75% on Wednesday and said it assesses that...
FxWirePro: EUR/NZD steadies above 1.8000, retains bid tone focus
Oct 09, 2024 00:37 am UTC| Technicals
EUR/NZD edged higher as investors evaluated the anticipated rate cut from the RBNZ.. Investors are bracing for the Reserve Bank of New Zealands policy meeting on Wednesday, where the central bank is widely expected to...
FxWirePro:GBP/USD pauses decline, critical support lies ahead
Oct 08, 2024 19:34 pm UTC| Technicals
GBP/USD edged higher but gains were limited as investors assessed geopolitical risks in the Middle East and the forthcoming decisions in the Bank of Englands easing cycle. Investor focus this week will be on the U.S....
FxWirePro: EUR/AUD maintains bullish bias with focus on 1.6300 level
Oct 08, 2024 17:54 pm UTC| Technicals
EUR/AUD initially rose but lost some traction due to geopolitical concerns and a shift away from the Feds dovish predictions. Investors are now focused on upcoming U.S. inflation, with September CPI and PPI reports...
FxWirePro: USD/ CNY hits 3-week high, scope for further upside
Oct 08, 2024 16:47 pm UTC| Technicals
USD/ CNY rose to its highest level in nearly three weeks as mainland markets opened after a week-long break. Investor focus this week will be on the U.S. inflation report, due on Thursday, and minutes from the Feds...