AUD/USD bullish potential remains, and AUD/NZD bounces off a zone of support ahead of the Reserve Bank of New Zealand’s rate announcement and RBA minutes
The U.S. economic calendar will be relatively quiet in the coming week, allowing recent market movements to potentially consolidate. Meanwhile, the release of April inflation data in the UK could introduce increased volatility to UK assets.
The article examines the short-term outlook for the U.S. dollar, honing in on two key FX pairs: EUR/USD and GBP/USD. The piece also provides analysis on recent price action dynamics and fundamental drivers.
In a week characterised by a distinct lack of high impact data, conditions favour a dollar recovery. Lower anticipated volatility typically seeks higher yielding currencies (USD)
In this article, we conduct a thorough analysis of EUR/USD and GBP/USD from a technical standpoint, meticulously studying how price action dynamics and prevailing market sentiment currently intertwine. Key tech levels are also discussed.
Yesterday’s softer US CPI helped markets to rally, with the Dow and Nasdaq 100 at new highs and the Nikkei 225 also risng