Market Analysis – December 8 The AUD/JPY pair has been demonstrating a consistent upward trend, supported largely by Australia’s relatively hawkish monetary stance, which makes the Australian Dollar more attractive to investors compared to the Japanese Yen. The higher interest-rate environment in Australia encourages traders to favor the AUD, especially against a low-yielding currency like […]
The Canadian dollar (CAD) surged after the release of robust employment figures, highlighting a growing divergence between Canada’s labor market and the softer U.S. employment trends. According to Scotiabank’s Chief FX Strategists, Shaun Osborne and Eric Theoret, Friday’s report signals a potential turning point for the CAD after months of muted performance influenced by trade […]
Market Analysis – December 8 GBPUSD reflects emerging downside bias as momentum conditions soften. The pair is beginning to show signs of a weakening technical posture, struggling to maintain movement above the short-term average near $1.3270. Momentum readings continue to fade as the RSI drops from recent recovery highs, indicating reduced upside participation and a […]
The forex market enters mid-December with a notable shift in momentum. The Euro is encountering renewed selling pressure, giving up recent gains against both the Pound and the Kiwi. At the same time, the New Zealand Dollar (NZD) is strengthening against the Franc and the Euro, although it shows a mild softening against the Australian […]
NAS100 Analysis – December 7 NAS100 reflects strengthening upward bias supported by firming momentum signals. The index continues to reinforce a clear bullish structure on the daily timeframe, with price advancing steadily above the short-term SMA positioned near $25,420. Momentum conditions remain favourable, as the RSI holds comfortably above the midpoint around 58, indicating renewed […]
Market Analysis – December 7 The New Zealand Dollar is closing out the week with impressive strength, positioning NZD/USD for a nearly 3% gain over the last two weeks. This upward momentum has been driven largely by broad U.S. Dollar weakness, as market participants shift their focus to the Federal Reserve’s upcoming policy decision. With […]
The GBPAUD market has continued its southward move as the RBA interest rate outlook continues to weigh on the pair. The RBA interest rate is expected to remain unchanged at 3.6%. On the pound side, the UK’s GDP data is projected to come in higher than the previous reading, rising to 0.1% from –0.1%. Key […]
The general market sentiment is sell trade.Sellers may take their position as desired. EURAUD Weekly Price Analysis – December 7 The EURAUD pair suggests a selling trade as the bears dominate the entire market. The price is at the lower range may continue with the dumps if the sell traders renew their selling strength and […]
Market Analysis – December 6 The currency market is currently fixated on an epic tug-of-war: the British Pound versus the Japanese Yen (GBP/JPY). The pair has staged a remarkable rally over recent weeks, soaring nearly 3.5% since early November as the Pound rode a wave of supportive UK data and high interest rate differentials. GBP/JPY […]
