News
The Australian dollar rose against the US dollar on Thursday. The current AUDUSD quote stands at 0.6583. Thus, the Aussie is back to a two-week high. This occurred as positions in the US dollar weakened significantly amid a decline in US Treasury bond yields. Capital markets anticipate the Federal Reserve easing monetary policy later this […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the overbought area. The RSI is testing the support line. In this situation, a breakout of the 8/8 (0.8789) level is expected, followed by a decline to the support at 6/8 (0.8667). The scenario could be cancelled by rising above the resistance at +1/8 (0.8850). […]
The US Dollar finds itself ensnared in a tumultuous market landscape, grappling with conflicting data and wavering projections on Federal Reserve policy. As traders brace for the semi-annual testimony from US Federal Reserve Chairman Jerome Powell at Capitol Hill, the greenback suffers a four-day losing streak, besieged by a confluence of events poised to shape […]
Daily Market Outlook, March 6, 2024 Munnelly’s Macro Minute… “UK Budget & Powell Testimony Main Macro Drivers Today” Asian equity markets exhibited a mixed performance ahead of Fed Chair Powell’s congressional testimony. On Wednesday, a news conference featuring prominent Chinese officials aims to unveil the government’s strategies to stimulate consumption. Pan Gongsheng, the central bank […]
The Japanese yen is actively strengthening against the US dollar. The current USDJPY quote stands at 148.57. The yen is currently at a one-month high, made possible by the weakening of the US dollar. The market believes that, due to deteriorating economic conditions, the Federal Reserve may decide to cut interest rates this year. These […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0880 is expected, followed by a rise to 1.0985. An additional signal confirming the rise might be a rebound from the lower boundary of […]