The pair has been gaining momentum recently, driven by the strengthening of the US Dollar (USD). This uptick comes on the heels of positive economic data from the United States, which has boosted expectations for a more cautious approach from the...
Investors will closely watch upcoming U.S. economic releases, particularly the Producer Price Index (PPI), which is expected to show a 1.6% year-over-year (YoY) increase in the headline figure, with the core PPI likely rising by 2.7% YoY. If the...
AUD/USD managed to regain the smile and challenged the key 0.6500 hurdle on the back of the knee-jerk in the US Dollar and ahead of key data releases in Australia and the US labour market On the technical front, the AUD/USD faces resistance at...
The pair’s movement in the coming weeks will be heavily influenced by broader market sentiment, with shifts in global risk appetite playing a pivotal role. If investors start gravitating toward riskier assets or if the U.S. economy stabilizes, the...
The Spot price has been facing significant headwinds recently, with multiple factors influencing its performance against the US Dollar (USD). As of now, the price is hovering around the 1.2667 region, and traders remain cautious. While the recent...
