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GBP/USD Forecast: British Pound Gives Up Initial Gains On Thursday
Article By:
Christopher Lewis
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Friday, April 12, 2024 9:04 AM EDT
The British pound initially rally during the trading session on Thursday to reach the 200-Day EMA, but then turned around to show signs of negativity.
EUR/USD Price Analysis: Euro Tumbles Amid ECB’s Cut In June
Article By:
Yohay Elam
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Friday, April 12, 2024 8:16 AM EDT
An ECB poll of economists confirmed that inflation in the Eurozone will decline to 2%. The ECB held rates on Thursday and signaled the first rate cut in June. The Fed will remain cautious about rate cuts.
Euro Dollar Commentary - Friday, April 12
Article By:
James Harte
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Friday, April 12, 2024 7:07 AM EDT
While the bank held policy on hold as expected, it hinted that rate cuts are expected this summer if inflation continues to develop in line with its forecasts.
NZD/USD Refreshes Daily Low On Weaker Chinese Trade Data, Sustained USD Buying
Article By:
FXStreet
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Friday, April 12, 2024 6:47 AM EDT
A combination of factors prompts fresh selling around NZD/USD on Friday. Reduced Fed rate cut bets and geopolitical tensions lift the USD to YTD top. Weaker Chinese trade data drives flow away from antipodean currencies.
In this article: UUP
Australian Dollar Struggles Amid Robust US Economic Data
Article By:
Andrey Goilov
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Friday, April 12, 2024 6:08 AM EDT
The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen limited success thus far.
USD/JPY Forecast: Buy On The Dips Market
Article By:
Christopher Lewis
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Friday, April 12, 2024 5:58 AM EDT
The dollar-yen pair initially pulled back just a bit during the trading session on Thursday only to bounce again. Ultimately, this is a market that I think continues to see a lot of support underneath, especially near the 152 yen level.
UK Economy Starts To Rebound As Outlook Brightens
Article By:
ING Economics
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Friday, April 12, 2024 5:45 AM EDT
The UK economy grew for the second consecutive month in February, and we think this heralds a gradual improvement in the growth outlook for the remainder of this year.
In this article: EWU
Gold ETF Rush In China
Article By:
GoldBroker
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Friday, April 12, 2024 5:01 AM EDT
While outflows are intensifying in the West, the opposite is happening in China. Confirmation of gold's breakout has led to a 30% rise in ETF gold outstandings in just a few days.
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Commonwealth Bank Of Australia
Article By:
Peter Mathers
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Friday, April 12, 2024 4:00 AM EDT
The analysis, forecast of contextual trends, and short-term aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
WTI Holds Below $85.50 Amid Inflation Fears
Article By:
Lallalit Srijandorn
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Friday, April 12, 2024 3:25 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $85.00 on Friday. The black gold edges lower on the day as the elevated inflation dampened the expectation for US interest rate cuts this year.
Asia Morning Bites For Friday, April 12
Article By:
ING Economics
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Friday, April 12, 2024 1:45 AM EDT
The Monetary Authority of Singapore maintains settings with the Bank of Korea also tipped to pause. China trade is out later today.