Tag Archives: Forex
forex
Kiwi Rebounds as Military Actions from Iran Start Easing
The New Zealand dollar (Symbol: NZDUSD) has regained some ground, edging closer to $0.63, after sharp declines on Monday. The fall, a result of heightened risks stemming from Iran’s missile attacks on Israel, spooked traders globally. -vtmarkets.com
Australian Dollar Climbs as Retail Sales Data Beat Expectations
The Australian dollar (Symbol: AUDUSD) found strong demand as its retail sales figures for August 2024 exceeded forecasts, providing support to the currency amid a global backdrop of cautious sentiment. -vtmarkets.com
Dollar Firms as Traders Assess Federal Reserve’s Rate Path
The U.S. dollar gained strength on Tuesday, rising against its major peers after Federal Reserve Chair Jerome Powell dampened market expectations for more aggressive interest rate cuts. With traders adjusting their outlook on future monetary policy moves, the greenback saw renewed stability, while other currencies responded to key domestic and international developments. -vtmarkets.com
Dollar Declines as China Introduces Stimulus Measures
The yen made a strong move last Friday after Shigeru Ishiba, a critic of aggressive monetary easing, won the leadership of Japan’s ruling party. The yen pushed to a one-week high of 141.75 against the dollar in the Asia session on Monday. -vtmarkets.com
Dollar Drifts as Risk-Sensitive Currencies Rise on China Optimism
Traders now expect 73 basis points of easing for the remainder of the year, with CME Group’s FedWatch Tool indicating a 51% probability of another half-percentage-point cut. This cautious outlook stems from the Federal Reserve’s focus on supporting the labour market while moderating inflation risks. -vtmarkets.com
Rupee Stalls as Markets Await Cues from Powell and U.S. Inflation Data
The Indian rupee faces challenges breaking past key resistance as traders focus on Fed Chair Powell’s comments and U.S. inflation data. Discover the short-term forecast for USDINR and market implications. -vtmarkets.com
Euro Nears 14-Month High as Dollar Weakens After Fed Rate Cut
The EURUSD pair nears a 14-month high following the Fed’s 50bps rate cut, but faces key resistance levels. Learn about the implications for traders and market outlook. -vtmarkets.com
Australian Dollar Hits 19-Month Peak, Kiwi Reaches Yearly Highs
Key points: We saw the Australian dollar climbing to $0.6890, coming close to the $0.6908 mark, a level not touched since early 2023. Breaking these levels has opened the door for further movement towards $0.7030 and $0.7088. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-neededContinue Reading
Euro Slips on Weaker PMIs and Potential ECB Rate Cuts
The euro dropped on weak PMI data in Germany and France, raising expectations of ECB rate cuts. Investors now foresee 44 basis points in reductions by year-end. -vtmarkets.com
USDJPY Stalls Near Key Resistance Ahead of Tokyo Fiscal Half-End
USDJPY pulls back on narrowing US-Japan interest rate differentials. With the fiscal half-end of Tokyo approaching, volatility is expected. Insights into support and resistance levels for traders. -vtmarkets.com
