Day: May 22, 2024
The primary currency pair is hardly moving on Wednesday. The current EURUSD exchange rate stands at 1.0853. The US dollar appears stable as the currency market conserves strength ahead of tonight’s release of the Federal Reserve’s last meeting minutes. Investors have already weighed calls for patience from some monetary policymakers and are now eager to […]
The New Zealand dollar is showing a steady rise against the US dollar. The current NZDUSD exchange rate stands at 0.6119. At its regular meeting, the Reserve Bank of New Zealand decided to keep the interest rate unchanged at 5.5% per annum, precisely as expected. In its comments, the RBNZ stated that monetary policy should […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 6/8 (156.25) level and rise further to the 8/8 (162.50) resistance level. The scenario could be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0857. Today, a downward breakout towards 1.0831 is expected. After the price reaches this level, a new narrow consolidation range might form. A downward breakout will open the potential for a wave towards the local target of 1.0780. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the upper line of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2685 is expected, followed by a rise to 1.2935. An additional signal confirming the rise will be a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910 resistance level. However, the price could pull back to 1.0835 and continue its upward momentum after testing […]
The New Zealand dollar, paired with the US dollar, is retreating. The current NZDUSD exchange rate stands at 0.6099. The NZD is declining due to technical reasons – the Kiwi dollar looks overbought – and ahead of the Reserve Bank of New Zealand meeting scheduled for Wednesday. The regulator is expected to keep the interest […]
The British pound is strengthening its position against the US dollar. The current GBPUSD exchange rate stands at 1.2709. The pound appears steady, supported by the local decline in the US dollar and comments from monetary policymakers. In his speech yesterday, Bank of England Deputy Governor Ben Broadbent did not rule out a summer interest […]