Page 4 - Term Technical News Today

Share: The Australian March Westpac Leading Index improved to 0.38% from 0.17%. The better tone of American stocks helped the pair to bounce from a weekly low. AUD/USD needs to advance beyond 0.7770 to become more attractive for bulls. The AUD/USD pair trades around 0.7750, up for the day after falling to 0.7698, the lowest in a week. The pair advanced in the last trading session of the day, as demand for the greenback eased on the back of the better performance of stocks in the European and Am...

Share: Risk appetite dominated the financial board and put further pressure on the greenback. US Fed’s chair Jerome Powell reiterated his well-known stance of holding back rate hikes. EUR/USD trades at fresh April highs may correct lower in the near-term. The EUR/USD pair neared 1.2000 this Wednesday, as Wall Street rallied to record highs, with risk-appetite weighing on the greenback. Comments from US Federal Reserve chief Jerome Powell who repeated his well-known conservative stance. He rep...

Share: A fresh one-month high in gold prices underpinned the aussie. Australia will publish the March AIG Performance of Services Index. AUD/USD recovered from the 0.7600 level, but the bullish potential is still limited. The AUD/USD pair recovered after bottoming around the 0.7600 figure on Wednesday, ending the day around 0.7650. Absent demand for the American currency and higher metal prices backed the aussie. Gold prices jumped to their highest since March 1. Spot gold traded as high as $ ...

Share: The ECB could start reducing its bond purchases during the summer. US unemployment claims unexpectedly surged in the week ended April 2. EUR/USD has room to extend its advance beyond the 1.2000 mark. The American dollar was once again the weakest, resulting in EUR/USD reaching a fresh two-week high at 1.1927. The greenback accelerated its decline as US Federal Reserve chief Jerome Powell spoke in an IMF seminar. Powell didn’t add much new to what the market already knew, but his dovish...

Share: Mixed Australian data somehow hurt demand for the aussie. Global stocks traded with a soft tone throughout the day. AUD/USD is poised to challenge the April monthly low. The AUD/USD pair edged lower despite the broad dollar’s weakness, ending the day near a daily low at 0.7603. The pair fell throughout the day, with the aussie weighed by the sour tone of global equities. The greenback picked some steam ahead of the US close, mainly up against commodity-linked rivals. Australian data ...

Share: FOMC Minutes passed unnoticed as the Fed reaffirmed its wait-and-see stance. Better than anticipated European data provided support to the shared currency. EUR/USD retains gains near 1.1900 and could extend its gain towards the 1.2000 area. The EUR/USD pair peaked at 1.1914 this Wednesday, its highest since March 23. The shared currency was supported by encouraging EU data, while the greenback, on the other hand, was hit by a continued decline in government bond yields and dismal local...

Share: The EU April Sentix Investor Confidence printed at 13.1, beating expectations. US Treasury yields edged sharply lower, weighing on the American currency. EUR/USD is technically bullish in the short-term, still depends on the greenback’s behaviour. The American dollar extended its slump this Tuesday, with EUR/USD hitting 1.1873, its highest in two weeks. The pair fell at the beginning of the week as news from China spurred some risk-aversion, but the positive mood resumed with London ...

Share: The RBA left its monetary policy unchanged as widely anticipated. Broad dollar’s weakness helped the pair post a modest intraday advance. AUD/USD gains bullish traction, still needs to move above 0.7700. The AUD/USD pair finishes Tuesday with modest gains trading in the 0.7660, price zone. The Reserve Bank of Australia announced its latest monetary policy decision earlier in the day, but as widely anticipated, they maintained the official cash rate at a record low of 0.10%. Policyma...

Share: RBA Minutes hinted at an ultra-loose monetary policy at least until 2024. US indexes edged lower after struggling to post some gains. AUD/USD trades lower in range and could accelerate its decline once below 0.7690. The AUD/USD pair is pretty much unchanged, around 0.7750 for a second consecutive day, as investors struggled with mostly discouraging news. The pair fell intraday to 0.7710, as the Minutes of the latest Reserve Bank of Australia meeting showed that policymakers are committed...

EUR/USD Current Price: 1.1987 The ECB will increase the pace of bond-buying “significantly,” starting today. Lower US Treasury yields amid ...