The NZD/USD pair exhibited a notable upward movement on Tuesday, climbing 0.39% to settle at 0.5650, a level that marks a decisive break above the 20-day Simple Moving Average (SMA). This breakout is significant as it signals a potential shift in...
GBP/USD Price Movement Our conversation is likely about the current appraisal of the GBP/USD currency pair's price behaviour. The GBP/USD pair changed direction, closing slightly higher after the U.S. dollar lost its earlier gains due to improved...
Market Fundamentals: The US economic docket this week includes key data releases such as Durable Goods Orders, the Conference Board (CB) Consumer Confidence Index, Initial Jobless Claims for the week ending, and the Federal Reserve’s preferred...
February 4, 2025 The NZD/USD pair is trading around 0.5650, reflecting a downward trend over recent sessions. On February 3, the pair reached a multi-month low of 0.5515 before recovering slightly to 0.5595. NZD/USD hovers around 0.5650 during early...
Market Fundamentals: The European Central Bank (ECB) is widely expected to cut its key interest rate by 25 basis points (bps) to 2.75%, continuing its monetary easing amid economic uncertainty and persistent service inflation. According to Mark...
