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AUD/USD Outlook: Aussie Stumbles On Downbeat Employment
Article By:
Yohay Elam
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Friday, May 17, 2024 6:06 AM EDT
Data on Thursday revealed a bigger-than-expected jump in Australia’s employment. Australia’s unemployment rate jumped from 3.9% to 4.1%. Investors raised the likelihood of an RBA rate cut in December to 54%.
FX Daily: Calm Waters Ahead
Article By:
ING Economics
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Friday, May 17, 2024 4:56 AM EDT
In the two weeks leading to the 31 May US core PCE release, markets may experience reduced volatility.
USD/CHF Advances Toward 0.9100 Due To Lower Swiss Industrial Production
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 4:36 AM EDT
USD/CHF continues to advance after the release of lower Swiss production data on Friday.
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen - Friday, May 17
Article By:
Peter Mathers
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Friday, May 17, 2024 3:43 AM EDT
The USD/JPY Elliott Wave analysis on the daily chart indicates that the market is currently in a corrective trend phase, specifically within red wave 2 of blue wave 1.
Euro Consolidates After Hitting Channel Resistance
Article By:
ForexCycle
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Friday, May 17, 2024 3:20 AM EDT
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.
EUR/USD Slipped On Thursday After Greenback Pares Some Losses
Article By:
Joshua Gibson
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Thursday, May 16, 2024 10:20 PM EDT
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance
Article By:
Christian Borjon Valencia
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Thursday, May 16, 2024 9:40 PM EDT
The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses.
USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI
Article By:
Yohay Elam
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Thursday, May 16, 2024 10:39 AM EDT
The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April.
US Dollar Correction: Not The Time For A Bigger Sell-Off Yet
Article By:
Stephen Innes
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Thursday, May 16, 2024 10:30 AM EDT
The US dollar has undergone a correction following the release of the recent US CPI report.
In this article: UUP
GBP/USD Analysis: Caution Advised Near Overbought Levels
Article By:
Mahmoud Abdallah
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Thursday, May 16, 2024 10:21 AM EDT
Amidst a weakening US dollar, the GBP/USD currency pair surged to a resistance level of 1.2700 this morning.