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FOREX-Dollar rallies on prospects for new Fed chief; Bitcoin tumbles
Trump to announce Fed Chair nominee, Warsh consideredDollar index rises 0.4%, trims weekly decline to 0.9%Trump endorses spending deal to avoid government shutdownBy Rocky Swift and Rae Wee TOKYO, Jan 30 (Reuters) - The dollar rose on Friday, clawing back some of its slide on the week, after U.S....Reuters
Fri, Jan 30
AUD/USD Price Forecast: Tests 0.7000 support as 14-day RSI suggests overbought conditions
AUD/USD depreciates after three days of gains, trading around 0.7000 during the early European hours on Friday. Daily chart analysis indicates that the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.Fxstreet
Fri, Jan 30
EUR/USD: Potential for further strength – UOB Group
UOB Group analysts Quek Ser Leang and Lee Sue Ann suggest that EUR/USD could see further strength, potentially reaching 1.2150. The report indicates that as long as the strong support level at 1.1890 holds, the upward momentum remains intact.Fxstreet
Fri, Jan 30
USD/CHF rebounds above 0.7650 as traders brace for Trump's Fed nomination
The USD/CHF pair rebounds to near 0.7685 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown, supporting the Greenback against the Swiss Franc (CHF).
Fxstreet
Fri, Jan 30
NZD/USD trades around 0.6050 after pulling back from six-month highs
NZD/USD halts its winning streak that began on January 16, trading around 0.6050 during the Asian hours on Friday. The pair remains subdued following the ANZ – Roy Morgan Consumer Confidence, which climbed to 107.2 in January from 101.5 in December, marking its highest level since August 2021.
Fxstreet
Fri, Jan 30
USD/INR rises as Asian risk sentiment weakens
USD/INR rebounded after modest losses in the previous session, driven by weak Asian risk sentiment and flow pressures. Traders note the Reserve Bank of India (RBI) remains a key backstop against a move beyond the psychological 92.00 level.Fxstreet
Fri, Jan 30
AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA
The AUD/JPY cross drifts lower near 107.70 during the early European session on Friday. The expectations of coordinated US-Japan intervention could provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
Fxstreet
Fri, Jan 30
Bitcoin slips as Fed chair speculation hits risky assets
SINGAPORE, Jan 30 (Reuters) - Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on cash in the financial system hit cryptocurrencies and lifted the dollar.Cryptos are having a rough time in what was once hoped to be a golden era o...Reuters
Fri, Jan 30
All about the euro: Five questions for the ECB
ECB expected to stay on hold for fifth meetingImmediate risk of Trump tariffs over Greenland has passedPolicymakers concerned about euro's rise to $1.20By Yoruk Bahceli and Stefano Rebaudo LONDON, Jan 30 (Reuters) - The European Central Bank meets next Thursday with policymakers relieved that...Reuters
Fri, Jan 30
