Stay updated with breaking news from Term Technical. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
AUD/USD Current Price: 0.7746 Australian Westpac Leading Index improved from 0.12% to 0.26% in January. Australia is expected to have added 40,000 new jobs ...
Share: Upbeat US Retail Sales and soaring Treasury yields boosted the greenback. FOMC Meeting Minutes noted economic recovery moderated in the last months. EUR/USD has turned bearish in the near-term and could retest the 1.1951 level. The EUR/USD pair traded as low as 1.2022 as demand for the greenback prevailed most of the day. US Treasury yields were the main driver, as that on the 10-year Treasury note peaked at 1.33%, its highest in a year. The American currency retained most of its intraday gains despite yields retreated ahead of Wall Street’s close, finding support in upbeat local ...
EUR/USD Current Price: 1.2128 US weekly unemployment claims held at high levels around 800K in the week ended Feb 5. Financial markets are still in search ...
Share: Australian February Consumer Inflation Expectations improved from 3.4% to 3.7%. Wall Street turned south mid-US session, indexes closed mixed. AUD/USD is gaining bullish traction but remains below a critical resistance. The AUD/USD pair reached 0.7771 its highest in almost three weeks, underpinned by a positive mood that extended into the US session opening and encouraging Australian data. The country published February Consumer Inflation Expectations, which improved from 3.4% to 3.7%, beating the market’s forecast. Asian and European markets advanced just modestly, but American inde...
Share: Australian NAB’s Business Confidence improved to 10 in January from 5. The poor performance of equities put a limit to AUD/USD appreciation. AUD/USD is comfortable above 0.7700, but additional gains are still unclear. The AUD/USD pair advanced for a third consecutive day, reaching 0.7735 and retaining most of its intraday gains ahead of the close. The pair surged at the beginning of the day, unable to extend its advance, as the poor performance of equities offset the broad greenback’s weakness. Data wise, Australian data was mixed. January NAB’s Business Confidence improved to 10...