EURUSD portrays a bearish consolidation inside a seven-week-old descending trend channel ahead of the key Eurozone GDP for Q1 2022, the US Retail Sales for April and a speech from Fed Chairman Jerome Powell. Although oversold RSI conditions challenge the pair’s further downside, a convergence of the stated channel’s resistance line and the 10-SMA, around 1.0500,...
EURUSD struggles to extend the strongest recovery in a month as anxiety over Evergrande test pair buyers ahead of a speech from Fed Chairman Jerome Powell. With this, the currency major steps back from the weekly resistance line, which in turn suggests further weakness towards the 1.1700 threshold. However, the quote’s downside past 1.1700 will not hesitate to...
Nifty Index known as NSE or Nifty50 has or is experiencing a big breakout out if its much-expected consolidation phase. This is a big breakout is big because the market has become resilient to the Federal Reserve's decision to begin taper from November. If the Nifty50 index continues to hold above 17,620 it can well top 18K! Long positions should be made, do not...
The New Zealand dollar has steadied on Thursday after posting strong gains a day earlier. Currently, NZD/USD is trading at 0.7260, up 0.07% on the day. The pair has climbed 0.85% so far this week.
The New Zealand dollar continues to gain ground against the struggling US dollar. The kiwi has flexed its muscles in April, with sizzling gains of 3.97% this month,...
The Australian dollar is down slightly in the Wednesday session. In the North American session, AUD/USD is trading at 0.7747, down 0.27% on the day.
Australian CPI posted a gain of 0.6% in the first quarter of the year, down from 0.9% in Q4 of 2020. The read was certainly respectable, but underperformed, as the estimate stood at 0.9%. Trimmed CPI, which excludes...
