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Daily Updates

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4 Global Market Updates- 9 November, 2022

In this article, we have covered the highlights of global market news about the USD/CHF, USD/JPY, GBP/USD and AUD/USD. USDCHF: Growing downside pressure – Credit Suisse Key resistance for the USD/CHF was rebuffed at 1.0071. Credit Suisse analysts see indicators of increasing downward pressure. “We believe that there is increasing downward pressure. To avoid triggering a bearish “double top,” key …

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4 Global Market Updates- 8 November, 2022

In this article, we have covered the highlights of global market news about the EUR/USD, NZD/USD, GBP/USD and USD/CAD. EURUSD is unlikely to trade above parity in the following weeks, according to ING. Yesterday, the EUR/USD rose back over parity. However, ING analysts do not anticipate the pair to rise over 1.00. Maintaining parity is a problematic endeavor. “In the …

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4 Global Market Updates- 7 November, 2022

In this article, we have covered the highlights of global market news about the USD/JPY, GBP/USD, AUD/USD and USD/CAD. USDJPY Price Analysis: Moderately bid between the 100 and 200 SMAs Before Monday’s European session, USD/JPY maintained its defensive position around 147.20, modestly bid to hold the previous day’s losses. The Yen pair does this by remaining within a one-month-old …

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4 Global Market Updates- 4 November, 2022

In this article, we have covered the highlights of global market news about the EUR/GBP, AUD/USD, GBP/USD and USD/CAD. EUR/GBP Price Analysis: EURGBP falls off 200-SMA, but buyers stay optimistic Before Friday’s European session, EUR/GBP accepts bids to retest the intraday low of 0.8708. By doing this, the currency pair consolidates its prior day’s largest daily advances since late September. …

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4 Global Market Updates- 3 November, 2022

In this article, we have covered the highlights of global market news about the USD/CNH, GBP/USD, USD/JPY and EUR/USD. USD/CNH: More gains are still possible, according to UOB There is still space for USD/CNH to advance shortly, according to UOB Group economist Lee Sue Ann and markets strategist Quek Ser Leang. 24-hour view: “We said yesterday that we anticipate …

4 Global Market Updates- 3 November, 2022 Read More »

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4 Global Market Updates- 1 November, 2022

In this article, we have covered the highlights of global market news about the AUD/USD, USD/CAD, GBP/USD and EUR/USD. AUD/USD: Following RBA Lowe’s remarks, the rally stalls around 0.6450 AUD/USD is holding steady above 0.6400 after the recovery stalled above 0.6450 due to Governor of the Reserve Bank of Australia (RBA) Philip Lowe’s dovish comments. According to the head …

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4 Global Market Updates- 31 October, 2022

In this article, we have covered the highlights of global market news about the AUD/JPY, GBP/USD, NZD/USD and USD/CNH. AUD/JPY Price Analysis: Reaches weekly low on weaker China PMI In the Asian session on Monday, the AUD/JPY pares intraday gains while accepting offers around about 94.90. After dismal China PMI data, the cross-currency pair pivots away from the resistance line …

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