Page 110 - Technical Analysis News Today

The EUR/JPY pair currently trades at approximately 164.37, indicating a slight decrease.

MCX stock has already seen aggressive short covering followed by long addition immediately after the breakout, the pace of up move from here on can be gradual with some bouts of intermediate profit booking

The momentum is copper is waning ahead of the key 4.35 level. What’s next?

Bank Nifty will continue to maintain a sideways to bullish bias unless the key support area of 48,650 is breached intraday.

EUR/USD is trading in the 1.0850s on Wednesday, little changed from the previous day’s close as traders await key macroeconomic data from the US in the form of the Consumer Price Index (CPI) for March, which will be released at the start of the US session.

AUD/USD is trading in the 0.6620s on Wednesday, ahead of key US data.

Market is likely to remain sideways today as the global investors might prefer wait ahead of the US CPI inflation data

US consumer prices increased more than expected in March amid rises in the costs of gasoline and shelter, casting further doubt on whether the Federal Reserve will start cutting interest rates in June

The NZD/JPY pair declined near the 91.33 mark, indicating a battle between optimism favoring a bullish market and mounting bearish pressure.

The GBP/JPY retreats late on Wednesday during the North American session and is down 0.27% as the market sentiment shifts sour.