China’s economic outlook remains a key driver for the pair, with recent statements from People's Bank of China (PBOC) Governor Pan Gongsheng reinforcing expectations for continued policy support. Gongsheng emphasized that the central bank would use...
The Reserve Bank of Australia's (RBA) closely watched Trimmed Mean Consumer Price Index (CPI) showed a decline to 3.5% in the third quarter from 4.0%, yet inflation remains above the central bank’s target range of 2%-3%. This persistent inflationary...
AUD/USD Technical Analysis: AUD/USD is trading around 0.6540, struggling to gain any real momentum after facing resistance at 0.6565. The pair is stuck in consolidation, with the 50-day SMA acting as resistance and the 200-day SMA around 0.6500...
USD/JPY Technical Analysis: USD/JPY is trading around 150.20, holding steady after testing key resistance at 150.50. The pair is still in an uptrend, with the 50-day SMA providing strong support near 149.50. The 200-day SMA at 147.80 reinforces the...
USD/CHF Technical Analysis: USD/CHF is trading around 0.9170, showing some strength after bouncing off support near 0.9140. The pair is still in a mild uptrend, with the 50-day SMA acting as support and the 200-day SMA around 0.9100 providing a...
