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    • July 4, 2022
    • Posted by: Range Markets
    • Category: Finance
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    GBP/USD STICKS TO MODEST RECOVERY GAINS ABOVE 1.2100, UPSIDE POTENTIAL SEEMS LIMITED GBP/USD gained positive traction on Monday and moved further away from a multi-week low. The recent slump in the US bond yields kept the USD bulls on the defensive and offered support. Aggressive Fed rate hike bets, recession fears to limit the USD

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  • US DOLLAR INDEX PUSHES HIGHER AND TARGETS 102.00

    • June 1, 2022
    • Posted by: Range Markets
    • Category: Finance
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    US DOLLAR INDEX PUSHES HIGHER AND TARGETS 102.00 DXY adds to Tuesday’s gains and approaches 102.00. US yields resume the uptrend along the curve. US ISM Manufacturing, Fed’s Beige Book next on tap. The greenback, when tracked by the US Dollar Index (DXY), extends the bounce off Monday’s multi-week lows and looks to regain the area

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  • USD/JPY REMAINS DEPRESSED BELOW 127.00 MARK, BEARS AWAIT BREAK BELOW MONTHLY LOW

    • May 26, 2022
    • Posted by: Range Markets
    • Category: Finance
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    USD/JPY REMAINS DEPRESSED BELOW 127.00 MARK, BEARS AWAIT BREAK BELOW MONTHLY LOW A combination of factors prompted fresh selling and dragged USD/JPY closer to the monthly low. Recession fears benefitted the safe-haven JPY and exerted pressure amid subdued USD demand. The Fed-BoJ policy divergence might help limit further losses ahead of the top-tier US macro

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  • GBPUSD REMAINS WEAK

    • January 28, 2020
    • Posted by: range
    • Category: Finance, FOREX, Forex News
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    GBPUSD REMAINS WEAK The British pound remains weak against the US dollar as traders continue to sell any rallies in the pair towards the 1.3100 resistance level. Traders are cautious ahead of the Bank of England rate decision as the central bank could cut interest rates this week. A daily price close below the psychological

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  • NZD/USD could attempt a recovery near term – UOB

    • September 24, 2019
    • Posted by: range
    • Category: Finance
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    NZD/USD could attempt a recovery near term – UOB FX Strategists at UOB Group expected the Kiwi Dollar to move into a sideline pattern vs. the Greenback. Key Quotes 24-hour view: “We highlighted yesterday “further sustained decline is unlikely” and expected NZD to “trade sideways within a 0.6250/0.6290 range”. NZD subsequently traded between 0.6258 and

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  • Crude jumps to YTD highs as bullish sentiment takes over

    • April 8, 2019
    • Posted by: range
    • Category: Finance
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    The price of crude oil jumped in overnight trading as traders cheered the ongoing supply cuts by OPEC. These cuts started after the December meeting in Vienna during which officials announced that they will cut production in a bid to rebalance the price, which had fallen to yearly lows. This move was supported by Saudi

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  • Aussie falls sharply after positive jobs numbers

    • January 24, 2019
    • Posted by: range
    • Category: Finance
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    The Australian dollar declined today after the country released its employment numbers. The data showed that in December, the employment change was 21.6K, which was better than the expected 16.5K. It was however lower than the 37K that was released in November. The unemployment rate fell to 5.0% from the previous 5.1%. On the negative

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  • WALL STREET DECLINE CONTINUES AS TRADERS WORRY ABOUT GROWTH

    • November 20, 2018
    • Posted by: range
    • Category: Finance
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    The AUD/USD pair was unchanged today after the Reserve Bank of Australia (RBA) released the minutes for the monetary policy meeting held this month. The minutes showed that officials remained optimistic about the country’s economy. This was boosted by recent employment data, which shows a significant increase in the number of people employed. The GDP

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  • NZD/USD temporary surge

    • March 2, 2018
    • Posted by: range
    • Category: Finance
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    Following a test of the monthly pivot point at 0.7187, bulls took control of the market and manage to push the NZD/USD pair higher yesterday. However, the rally was stopped by the weekly PP at 0.7277, as the Asian session on Friday introduced some minor downward movement. By the middle of the European trading session,

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  • EURUSD STILL BEARISH BELOW 1.2275 LEVEL

    • February 9, 2018
    • Posted by: range
    • Category: Finance
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    The EURUSD pair remains bearish and under downside pressure in early Friday trading, as risk-off trading sentiment continues to spread through broader financial markets. Price-action is currently range-bound between the 1.2240 to 1.2270 region, after the pair suffered more extreme volatility on Thursday, with the euro sinking to a new weekly low, hitting 1.2212. Moving

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