AUD/USD support at 0.7120 is under scrutiny The AUD/USD pair is experiencing a sharp selloff following weaker Australian Gross Domestic Product (GDP) data. The pair is now hovering just above the 0.7120 support level. Intraday momentum suggests another test
The currency pair declines for a fourth straight session as technical indicators signal consolidation near multi-day lows. NZD/USD fell to near 0.5850 on Thursday, extending losses for a fourth consecutive day. The pair slipped below critical moving averages during Europea
The currency pair extends a four-day losing streak as technical indicators signal persistent downside pressure near multi-week lows. NZD/USD fell to near 0.5850 in European trading Thursday, extending losses for a fourth consecutive session. The pair remains below short- a
XAG/USD trades at $73.16, extending a four-week decline amid Middle East tensions and hawkish Fed expectations. Silver (XAG/USD) remains under pressure, trading at $73.16 and struggling to break above $74.00 as geopolitical risks and a stronger US Dollar curb upside moment
Traders avoid aggressive bets on the yen amid speculation of Japanese authorities stepping in near the USD/JPY 160.00 level. The British pound weakens against the Japanese yen, trading near the mid-214.00s and down 0.15% on the day. Selling pressure persists for the second
Here is what you need to know on Thursday, June 4: The US Dollar (USD) gathered strength against its rivals midweek, supported by the upbeat macroeconomic data releases from the United States and a lack of progress in the United States (US) - Iran negotiations. On Thursday
Euro area economic activity weakened in May The composite PMI fell to 48.5 from 48.8 in April. Services PMI remained a drag, at 47.7. France saw its services PMI fall to 44.3, the lowest in recent months.
Analysts warn GBP/USD may test 1.3405 and risk breaking below 1.3390 amid weakening momentum. GBP/USD has reversed lower after failing to hold above 1.3470, shifting short-term momentum to the downside. The pair now faces potential support tests at 1.3405, with a break bel
BNY analysis highlights that real rate dynamics and weak Eurozone demand are offsetting aggressive ECB policy expectations for EUR/USD. The Euro remains under pressure despite aggressive European Central Bank rate hike pricing, as real rate headwinds and growth concerns li
Persistent US-Iran standoff and closed Strait of Hormuz sustain elevated oil prices, pressuring the INR and supporting USD strength. The Indian rupee extended losses as escalating US-Iran tensions and a prolonged closure of the Strait of Hormuz kept oil prices elevated. Th
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