NZD/USD could extend the upside bias once 0.6365 is cleared, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES 24-hour view: “We expected NZD to ‘trade within a range...
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AUD/USD Forex Signal: More Gains Possible Ahead of RBA Decision
Bullish View Buy the AUD/USD pair and set a take-profit at 0.7100. Add a stop-loss at 0.6950. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.6950 and a take-profit at 0.6850. Add a...
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USD/JPY: Incremental Gains as Storm of Volatility Lies Ahead
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance. Speculators watching the USD/JPY may perceive the USD/JPY has demonstrated rather tranquil...
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USD/JPY Forecast: USD Recovers Against Japanese Yen
The USD/JPY currency pair rallied a bit Monday as the Japanese yen recovery has stalled. At this point, the ¥136 level is an area that a lot of people will pay attention to. If we were...
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AUD/USD Forecast: Aussie Continues to Flirt With 0.69
The US dollar has been the main currency known for a while, but the Aussie dollar has turned around to show signs of life. At this point, the AUD/USD currency pair looks as if it is trying...
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Bad news is good news…to a point
It’s hard to say how much the latest price action in markets has been pricing in a soft landing but we got a hint today. The S&P 500 is down 1.1% and there’s a...
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USD/JPY STALLS INTRADAY RECOVERY FROM WEEKLY LOW, FAILS JUST AHEAD OF 138.00 MARK
USD/JPY bounced off the 137.00 mark, or a one-and-half-week low touched earlier this Friday. The narrowing US-Japan bond yield differential, the caution mood benefitted the safe-haven JPY. The divergent Fed-BoJ policy stance supports prospects...
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USD/JPY Forecast: USD Pulls Back Against Japanese Yen
The US dollar pulled back a bit Monday to show signs of hesitation. That being said, the ¥138 level looks to be a bit supportive, and I think we will be paying close attention to it. If...
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