The Pound Sterling underperforms the US Dollar as the market sentiment is risk-averse. US President Trump proposes an additional 10% tariffs on China. Investors await the US PCE inflation data that will influence the Fed’s policy outlook. The Pound Sterling (GBP) extends its downside move to near 1.2570 against the US Dollar (USD) in Friday’s North American session. … Read more
US Dollar could test 7.3100 vs Chinese Yuan; a sustained break above this level seems unlikely. In the longer run, strong advance indicates there is potential for USD to rise to 7.3250, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. There is potential for USD to rise to 7.3250 24-HOUR VIEW: “When … Read more
AUD/USD refreshes three-week low near 0.6200 as US President Trump threatens to impose additional 10% tariffs on China. RBA Hauser supports keeping interest rates steady until he sees more progress in the disinflation trend toward the 2% target. Investors await the US PCE inflation as it will influence the Fed’s monetary policy outlook. The AUD/USD … Read more
West Texas Intermediate (WTI) Oil price falls on Friday, according to FXStreet data. WTI trades at $69.49 per barrel, down from Thursday’s close at $69.99. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.86 after its previous daily close at $73.28. WTI Oil FAQs WTI Oil is a type of Crude … Read more
NZD/USD struggles due to rising concerns over global trade tensions and domestic monetary policy. The ANZ-Roy Morgan Consumer Confidence index rose to 96.6 in February, slightly higher than January’s 96.0. Traders adopt caution ahead of the Personal Consumption Expenditures Price Index, the Fed’s preferred inflation measure. NZD/USD continues its losing streak that began on February … Read more
Short Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended at 8002.34. Wave ((iii)) higher subdivided into another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended … Read more