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GBP/USD Price Forecast: 20-day EMA acts as key barrier, downside likely below 1.3430
The Pound Sterling (GBP) trades marginally higher to near 1.3500 against the US Dollar (USD) during the European trading session on Friday.
GBP/USD
Fxstreet
Fri, Feb 27
Forex Today: US Dollar stabilizes as market mood sours
Here is what you need to know on Friday, February 27:
Fxstreet
Fri, Feb 27
NZD/USD Price Forecast: Hovers around 0.6000 near nine-day EMA
NZD/USD remains steady after registering modest losses in the previous session, trading around 0.5990 during the European hours on Friday. The technical analysis of the daily chart signals a neutral bias, and the pair is consolidating within a horizontal channel.
NZD/USD
Fxstreet
Fri, Feb 27
France Consumer Price Index (EU norm) (MoM) below expectations (0.5%) in February: Actual (0.4%)
France Consumer Price Index (EU norm) (MoM) below expectations (0.5%) in February: Actual (0.4%)
EUR/USD
Fxstreet
Fri, Feb 27
France Consumer Price Index (EU norm) (YoY) registered at 1.1% above expectations (0.7%) in February
France Consumer Price Index (EU norm) (YoY) registered at 1.1% above expectations (0.7%) in February
EUR/USD
Fxstreet
Fri, Feb 27
France Producer Prices (MoM) rose from previous 0.2% to 0.5% in January
France Producer Prices (MoM) rose from previous 0.2% to 0.5% in January
EUR/USD
Fxstreet
Fri, Feb 27
Australian Dollar remains on the front foot vs. USD; eyes multi-year peak amid hawkish RBA
The AUD/USD pair regains positive traction on Friday and climbs back closer to over a two-week top, around the 0.7110-0.7115 region, during the early part of the European session.
AUD/USD
Fxstreet
Fri, Feb 27
JPY: Soft versus region despite BOJ hike case – DBS
DBS Group Research’s Chang Wei Liang observes that JPY is weakening against regional peers, with USD/JPY back toward 156, even as Tokyo inflation data support another BOJ rate hike.
USD/JPY
Fxstreet
Fri, Feb 27
GBP/JPY slides to 210.00 amid UK political drama, divergent BoE-BoJ outlooks
The GBP/JPY cross attracts sellers for the second consecutive day on Friday and drops to the 210.00 psychological mark heading into the European session.
GBP/JPY
Fxstreet
Fri, Feb 27
USD/CAD slips to near 1.3650 as Oil recovers recent losses
USD/CAD depreciates after holding ground in the previous session, trading around 1.3660 during the Asian hours on Friday. The pair loses ground as the Canadian Dollar (CAD) receives support from improved Oil prices, given Canada’s status as the largest crude exporter to the United States (US).
USD/CAD
Fxstreet
Fri, Feb 27
USD/JPY Price Forecast: Price above 20-day EMA backs near-term bullish bias
The USD/JPY pair is down 0.2% to near 155.80 during the European trading session on Friday. The pair retraces as the Japanese Yen (JPY) extends recovery on hopes of Japan’s intervention.
USD/JPY
Fxstreet
Fri, Feb 27
JPY: Tokyo inflation supports rate hike bets – Commerzbank
Commerzbank’s Volkmar Baur notes that Tokyo inflation rose to 1.6% in February versus expectations for 1.3%, with consumer goods prices and retail sales surprising on the upside.
USD/JPY
Fxstreet
Fri, Feb 27
EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data
The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.
EUR/USD
Fxstreet
Fri, Feb 27
AUD/JPY Price Forecast: Retreats below 111.00, but holds firm above 100-day EMA
The AUD/JPY cross attracts some sellers to around 110.80 during the early European session on Friday. The Japanese Yen (JPY) gathers strength against the Aussie on hawkish comments from Bank of Japan (BoJ) officials.
AUD/JPY
Fxstreet
Fri, Feb 27
USD/INR stays broadly firm amid lack of foreign inflows in Indian stock market
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but remains close to its over three-week low. The USD/INR pair holds onto gains near 91.20 as the Indian stock market struggles to attract foreign investment.
Fxstreet
Fri, Feb 27
Pound Sterling struggles to lure buyers amid UK political drama, BoE easing bias
The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday.
GBP/USD
Fxstreet
Fri, Feb 27
USD/CHF holds losses near 0.7750 ahead of Swiss GDP data
USD/CHF edges lower after registering little gains in the previous session, trading around 0.7730 during the Asian hours on Friday. The pair declines as the Swiss Franc (CHF) gains on safe-haven demand amid renewed trade and geopolitical tensions.
USD/CHF
Fxstreet
Fri, Feb 27
AUD/USD Price Forecast: Holds above 0.7100 on hawkish RBA, bullish technical outlook
The AUD/USD pair attracts fresh buyers following the previous day's modest pullback and holds steady above the 0.7100 mark through the Asian session on Friday.
AUD/USD
Fxstreet
Fri, Feb 27
EUR/JPY slips below 184.00 following Tokyo inflation data, German labor, CPI data eyed
EUR/JPY continues to lose ground for the second successive session, trading around 183.80 during the Asian hours on Friday. The currency cross weakens as the Japanese Yen (JPY) strengthens following Tokyo’s mixed inflation data.
EUR/JPY
Fxstreet
Fri, Feb 27
NZD/USD rises to near 0.6000 while investors seek fresh cues on Fed’s policy outlook
The NZD/USD pair is up 0.16% to near 0.5990 during the Asian trading session on Friday. The kiwi pair gains as the US Dollar (USD) ticks up, while investors seek fresh cues on the United States (US) interest rate outlook.
NZD/USD
Fxstreet
Fri, Feb 27
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