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Forex Markets

FXC

The USDCAD currency pair has reversed from a key support zone between 1.4255 and the lower daily Bollinger Band, indicating the start of an intermediate impulse wave (3). With a strong daily uptrend and bullish US dollar sentiment, the pair is expected to rise towards the 1.4500 resistance level previously seen in January.

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April 01, 2025 | 2:30 am

UUP

The USDCNH currency pair is showing signs of continued dollar strength, with technical analysis suggesting an ongoing upward trend. Using Elliott Wave Theory, analysts predict the pair will target the 7.4899 – 7.7679 range, indicating potential further appreciation of the US dollar against the Chinese renminbi.

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April 01, 2025 | 2:30 am

USDINR

The Indian Rupee is experiencing downward pressure due to renewed US Dollar demand, anticipated US trade tariffs, and rising crude oil prices. Traders are cautious ahead of key economic data releases like US ISM Manufacturing PMI and JOLTS Job Openings. Despite economic growth projections of 6.5% for fiscal year 2025-26, currency markets remain volatile.

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April 01, 2025 | 1:45 am

CYB

The People's Bank of China (PBOC) set the USD/CNY central reference rate at 7.1775, a marginal decrease from the previous day's rate of 7.1782. This indicates a relatively stable approach to currency management amid ongoing economic considerations.

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April 01, 2025 | 1:45 am

FXE

The EUR/USD currency pair is trading near 1.0850, with investors anticipating significant economic events this week, including potential US tariffs, European inflation data, and US Nonfarm Payrolls report. Geopolitical tensions and trade policy uncertainties are creating market volatility.

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April 01, 2025 | 12:15 am

FXB

The forex market is anticipating potential economic disruptions from the Trump administration's upcoming tariff plans. GBP/USD is currently trading in a consolidation zone just below 1.3000, with traders cautious ahead of potential retaliatory tariffs and the upcoming US Nonfarm Payrolls report.

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April 01, 2025 | 12:00 am

FXY

The GBP/JPY currency pair is experiencing a consolidation phase in the Asian trading session, trading at 193.63, just below its 200-day Simple Moving Average (SMA) of 193.91. The pair is currently range-bound between 192.70 and 193.98, with buyers unable to generate significant upward momentum.

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March 31, 2025 | 11:15 pm

FXC

The USD/CAD currency pair is experiencing upward movement near 1.4390 due to rising geopolitical uncertainties, particularly surrounding potential US trade tariffs. President Trump's announcement of broad tariff plans and previous threats against auto imports are creating market tension, while potential crude oil price increases could provide some counterbalance to the Canadian Dollar's weakness.

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March 31, 2025 | 11:15 pm

FXA

The AUD/JPY currency pair is experiencing bearish technical pressure, trading around 93.80. Moving averages and trend indicators suggest a downward trajectory, with immediate support at 93.78 and potential further downside to 93.05. Resistance levels are clustered between 93.92 and 94.26.

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March 31, 2025 | 10:45 pm

FXA

The Australian Dollar (AUD) experienced a significant decline, dropping to a multi-week low around 0.6230 against the US Dollar. Key factors driving the downturn include rising US Dollar strength, potential trade tensions, concerns about China's economic outlook, and upcoming RBA policy decision. Market sentiment remains cautious ahead of potential US tariff announcements.

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March 31, 2025 | 10:45 pm