Archive for Tag: forex market outlook

Dollar Index

Dollar Edges Lower; RBA Hikes Interest Rate

AUD/USDis trading down 1.12% at 0.6782 The U.S. dollar edged lower in early European trade Tuesday, while the Australian dollar dipped despite the country’s Reserve Bank announcing a half-point rate hike. At 3 AM ET (0700 GMT), the Dollar Index, which tracks the greenback against a basket of six...

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U.S. dollar index

Dollar Index Edges Lower as Investors Gauge Fed Rate Path

U.S. Dollar Indexis trading down 0.20% at 103.68 The dollar eased back slightly from a 20-year high reached earlier this month on Monday, following disappointing U.S. economic data that may dampen expectations for aggressive Federal Reserve rate hikes. As of 02:38 AM EST (0638 GMT), the U.S. dollar index...

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Dollar Index

Dollar Edges Lower; Powell Testifies on Capitol Hill This Week

Dollar Index is trading down 0.16% at 104.031 The U.S. dollar edged lower in early European trade Tuesday, in line with the wider increase in risk sentiment, but remained elevated with the U.S. Federal Reserve seen retaining an aggressive tightening stance. At 3:15 a.m. ET (0715 GMT), the Dollar...

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USDNOK Technical Analysis

USDNOK Technical Analysis, Forecast and Trade Signals

USDNOK Technical Analysis: Weekly Chart In the weekly charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 9.3790 & the resistance level is...

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NZDCHF Technical Analysis

NZDCHF Technical Analysis, Forecast and Trade Signals

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF is trading in a down channel. NZDCHF is currently trading above 20 days SMA & below 50 and 100 days SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate...

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Canadian dollar

Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes

USDCAD is trading up 0.03% at 1.2572 The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise interest rates aggressively, a Reuters poll showed. The loonie is the only G10 currency to...

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