News
Important Only
Forex Today: Inflation comes to the fore with US PPI and China’s CPI
The US Dollar (USD) managed to leave behind a drop to multi-week lows and regain some upside traction on Tuesday, while market participants assessed the NFP Annual Revision amid speculation of a larger rate cut by the Federal Reserve at its meeting next week.
Fxstreet
Tue, Sep 9
EUR/USD: Unlikely to be able to break clearly above 1.1790 – UOB Group
Slight increase in momentum could lead to Euro (EUR) edging higher, but it is unlikely to be able to break clearly above 1.1790. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Sep 9
EUR/USD: Likely to consolidate between 1.1680 and 1.1740 – UOB Group
Euro (EUR) is likely to consolidate between 1.1680 and 1.1740. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Sep 8
USD/CHF Price Forecast: Sinks below 0.80 on weak NFP data
The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.
Fxstreet
Fri, Sep 5
Bitcoin Weekly Forecast: Bitcoin rebounds, supported by institutional demand and Fed outlook
Bitcoin (BTC) price extends rebound and trades near $112,000 at the time of writing on Friday, gaining nearly 4% so far this week, after declining 4.62% in the previous one. This recovery comes amid growing corporate and institutional support.
Fxstreet
Fri, Sep 5
USD/CHF Price Forecast: Steady near 0.8050, awaiting NFP data
The USD/CHF remains steady at around the 50-day Simple Moving Average (SMA) of 0.8051, consolidates at around the 0.8050-0.8100 figure for the fourth straight day. At the time of writing, the pair trades at 0.8056 up 0.01%.Fxstreet
Thu, Sep 4
Bitcoin Price Forecast: BTC recovery strengthens as RSI signals bullish divergence
Bitcoin (BTC) price is extending its recovery, trading above $110,000 at the time of writing on Tuesday after facing a pullback of nearly 5% last week. On-chain data indicate a rare shift, with long liquidations surpassing shorts by approximately $7 million.Fxstreet
Tue, Sep 2
US Dollar Index Price Forecast: Tests 97.50 support near eight-week lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the fifth consecutive session and trading around 97.60 during the European hours on Monday.Fxstreet
Mon, Sep 1
