Content
All Posts > Content under Currencies/Forex
USD/CHF Remains Tepid Near 0.9050 Amid Dovish Sentiment Surrounding The Fed
Article By:
Akhtar Faruqui
Read
Friday, May 10, 2024 5:44 AM EDT
USD/CHF could depreciate as weaker US labor data initiated the discussion over the Fed adopting a less hawkish stance. US Initial Jobless Claims rose to an eight-month high of 231K, surpassing estimates of 210K.
GBP/USD Rises To Near 1.2540, Driven By Higher UK GDP
Article By:
Akhtar Faruqui
Read
Friday, May 10, 2024 4:52 AM EDT
GBP/USD is gaining ground after the release of higher-than-expected UK GDP data on Friday. The Pound Sterling may encounter challenges on a rate cut possibility by the BoE next month.
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar - Friday, May 10
Article By:
Peter Mathers
Read
Friday, May 10, 2024 4:02 AM EDT
The Australian Dollar against the U.S. Dollar is experiencing strong directional movement, usually indicative of significant momentum in one direction.
FX Daily: Slower US Jobs Narrative Gaining Traction
Article By:
ING Economics
Read
Friday, May 10, 2024 3:30 AM EDT
The dollar dropped after slightly higher-than-expected US jobless claims yesterday. This denotes how USD remains exposed to positioning adjustments and possibly that more investors are buying into the slower labour growth narrative.
EUR/USD Price Analysis: The Crucial Resistance Level Will Emerge At The 1.0790–1.0800 Region
Article By:
Lallalit Srijandorn
Read
Friday, May 10, 2024 2:30 AM EDT
The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick of the major pair is supported by the renewed US Dollar (USD) demand amid hawkish comments from Federal Reserve (Fed) officials.
Elliott Wave Expects AUDUSD To Break Higher
Article By:
Elliottwave Forecast
Read
Friday, May 10, 2024 12:10 AM EDT
Short Term Elliott Wave in AUDUSD suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree.
Our Latest Views On The Major Central Banks
Article By:
ING Economics
Read
Thursday, May 9, 2024 9:52 AM EDT
Despite recent setbacks, we continue to expect three rate cuts from the US this year, starting in September. A European Central Bank rate cut in June looks like a done deal.
GBP/CHF Forecast: British Pound Continues To Look For Support Against Swiss Franc
Article By:
Christopher Lewis
Read
Thursday, May 9, 2024 7:54 AM EDT
That makes a lot of sense, because quite frankly this is a market that is very noisy, and it makes quite a bit of sense that we would see a lot of choppiness in this region.