Page 7 - Term Technical News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 American sessions. Australian macroeconomic figures were generally encouraging, as the country publish...

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 repeated that it is highly unlikely that the Fed would raise rates before the end of 2022,  adding t...

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 $ 1,758.61 a troy ounce, ending the day a couple of bucks below the level. As per stocks, European and...

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 words put pressure on Treasury yields, which remain at the lower end of their weekly range. On the ...

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 released at the beginning of the day was mixed, as the AIG Performance of Construction Index improve...