Forex News

The daily chart reveals a strong bullish sentiment with indicators deep in positive territory. Hourly indicators show a flattening buying traction but remain positive. The pair closed its best week since November 2023. In Friday’s session, the NZD/USD rose to the 0.6137 level, demonstrating a strong bullish trend. After closing above its main Simple Moving…

WTI testing towards $80 per barrel as energy markets step higher. Risk appetite is on the rise, bolstered by rate cut hopes. Easing US inflation data and declining US Crude Oil reserves spark barrel bids. West Texas Intermediate (WTI) rose in late-day bidding on Friday as Crude Oil markets recover, but still remains within recent…

USD/JPY maintains uptrend, trading at 155.66 after hitting a daily low of 155.25. Technical outlook suggests further gains with resistance at 156.05, 157.00, and YTD high at 160.32. Key support levels include 155.18, 155.00, and May 16 low at 153.60 if price drops below 155.69. The USD/JPY extended its gains late on Friday’s North American…

USD/THB edged lower in Friday’s session to stand at 36.10, showcasing a loss of 0.36%, as the bears maintain steady control. Data released during the week indicates a weak US economy, igniting market predictions for early interest rate cuts from the Federal Reserve. The hopes of sooner rate cuts were offset by the cautious tone…