NZD/USD nudges higher, approaching 0.5800 on upbeat data from China
The New Zealand Dollar maintains its positive trend intact in a calm week opening.
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Gold bulls seem hesitant ahead of Fed decision on Wednesday; downside seems cushioned
Gold (XAU/USD) sticks to its modest intraday gains through the early European session on Monday, though it lacks bullish conviction and remains confined in a one-week-old trading range. -
ECB’s Rehn: Sticking to full optionality on rates, full freedom of action
- Sticking to full optionality on rates, full freedom of action and moving forward meeting by meeting
- Downside inflation risks dominate slightly at the moment, but upside risks are also present
- Rejected pre-emptive easing on the base of insurance
- Inflation expectations are well anchored around 2% target
- Full interview here
This article was written by Giuseppe Dellamotta at investinglive.com.
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Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November
Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November -
Elon Musk calls for aboliton of European Union after X fined $140 million
Musk’s comments come as U.S. government officials step up criticism of the European Union -
BlackRock bets on ‘pick and shovel’ trade, singling out clear winners in AI spending spree
Powell noted that leading tech firms have only begun to tap debt markets to fund the next phase of AI expansion, suggesting additional capital is on the way. -
EUR/USD Gains as Market Focus Fixes on the Fed
The EUR/USD pair opened the week on a positive note, rising to 1.1653. The move was fuelled by mounting expectations for a Federal Reserve rate cut this Wednesday, which continues to weigh on the US dollar. Markets are currently pricing in an 88% probability of a 25-basis-point reduction, a significant increase from the 67% odds […]
The post EUR/USD Gains as Market Focus Fixes on the Fed appeared first on ActionForex.
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Pound Sterling trades broadly stable in calm start of the week ahead of the Fed
The Pound Sterling (GBP) trades calmly against its major currency peers at the start of the week, hovering at around 1.3320 against the US Dollar (USD). -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 206.47; (P) 206.89; (R1) 207.58; More… Intraday bias in GBP/JPY remains neutral for the moment, as range trading continues. Further rise is expected as long as 205.17 support holds. Break of 207.34 will resume the rally from 184.35 and target 208.09 high. However, break of 205.17 support will turn bias to the […]
The post GBP/JPY Daily Outlook appeared first on ActionForex.
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 180.24; (P) 180.77; (R1) 181.14; More… Range trading continues in EUR/JPY and intraday bias stays neutral. Further rally is expected with 179.74 support intact. On the upside, break of 181.98 will resume larger up trend to 100% projection of 161.06 to 173.87 from 171.09 at 183.90 next. However, firm break of 178.80 […]
The post EUR/JPY Daily Outlook appeared first on ActionForex.
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