AUD/USD Forecast: Downside pressure mitigated above 0.6560
The Australian dollar halted its upward trajectory, coming under selling pressure after retesting the 0.6570 zone against the US Dollar (USD) on Wednesday.
Source: fxstreet.com
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US Dollar holds neutral as Fed minutes loom
The US Dollar Index (DXY) experienced a slight setback, resting at 104.00 in Wednesday’s session.
Source: fxstreet.com
NZD/USD holds neutral as investors await Fed minutes
In Wednesday's session, the NZD/USD traded modestly higher at 0.6167 with the upside limited amid speculations of the Federal Reserve’s (Fed) unchanged rate outlook and softer New Zealand inflation data making the Kiwi struggle to gain ground.
Source: fxstreet.com
AUD/USD prints slight gains post-FOMC minutes, mixed Aussie PMIs
The Australian Dollar posted minuscule gains on Wednesday against the US Dollar, after the release of the Federal Reserve’s January meeting minutes emphasized policymakers remain hesitant to begin to ease policy.
Thomas Barkin Warren Hogan Judo Bank Flash Pmis For Economist Advisor At Judo Bank Australian Dollar Federal Reserve
Source: fxstreet.com
NZD/JPY Price Analysis: Bullish momentum dominates, indicators flash overbought conditions
In Wednesday's session, the NZD/JPY was observed trading at 92.88, marking a 0.53% rally in its progress.
Source: fxstreet.com
Chinese stock reaction to Loan Rate Cut and US banking sector concerns
US markets were closed for President’s Day yesterday. The outcome was an uneventful trading session in absence of European eco drivers.
Source: fxstreet.com
Home Depot and Walmart to report – No change to macro theme
- Relatively flat US dollar and mixed EU indices as risk sentiment remains undecided after little overnight and weekend macro news with US returning for trade today from Presidents Day.
Source: fxstreet.com
EUR/GBP declined after Bailey's words
In Tuesday's session, the EUR/GBP traded mildly lower at 0.8555 with the cross easing from daily highs following Andrew Bailey’s comments.
Andrew Bailey European Central Bank Governor Andrew Bailey Relative Strength Index Moving Average Convergence Divergence Simple Moving Averages
Source: fxstreet.com
What happened Tuesday
A review of things you need to know before you sign off on Tuesday; again no retail rate changes, Robertson quits, office consents unusually low, MPI critiqued, few tractors sold, swaps stable, NZD holds, & more
Source: interest.co.nz
Charting the path: Market dominance and economic fortitude in the week ahead
Amidst a backdrop of rising risk appetite in the financial markets, last week witnessed record highs across major indices worldwide, despite looming concerns over potential inflation resurgence in the US.
Source: fxstreet.com