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USD/JPY Price Forecast: Tests nine-day EMA support after falling below 157.50
USD/JPY loses ground after posting minor gains the previous day, trading around 157.30 during the Asian hours on Tuesday. The currency pair is remaining within a symmetrical triangle, which indicates a period of market consolidation, where neither buyers nor sellers are in control.
GBP/USD Price Forecast: Fresh downside leg likely below 1.3200
The British Pound (GBP) is down 0.15% at around 1.3234 against the US Dollar (USD) during the early European trading session on Tuesday.
Japan Coincident Index remains unchanged at 120.6 in July
Japan Coincident Index remains unchanged at 120.6 in July
Japan Leading Economic Index below forecasts (117.9) in July: Actual (117.7)
Japan Leading Economic Index below forecasts (117.9) in July: Actual (117.7)
Indonesian Rupiah holds ground despite inflation, oil risks
USD/IDR inches lower after opening at a bullish gap, trading around 18,050 during the Asian hours on Tuesday. However, the pair could rebound as the Indonesian Rupiah (IDR) faces headwinds stemming from broader economic pressures.
EUR/USD Price Forecast: Softens to near 1.1350 as bearish bias holds below key averages
The EUR/USD pair trades in negative territory around 1.1360 during the early European session on Tuesday. The Euro (EUR) weakens to its lowest since July 28 against the US Dollar (USD), pressured by surging US Treasury bond yields and hawkish signals from the Federal Reserve (Fed) officials.
Australia’s Treasurer Chalmers: Today’s rate rise was widely expected
Australian Treasurer Jim Chalmers said on Tuesday that the latest interest rate hike was widely expected and anticipated, and that doesn’t make it any easier for people, Reuters reported.
Australian Dollar retakes 1.2400 vs New Zealand Dollar after RBA's 25 bps rate hike
The AUD/NZD cross reverses a modest Asian session dip to the 1.2360 area and jumps to a three-day high after the Reserve Bank of Australia (RBA) announced its policy decision.
Australian Dollar gains support as RBA delivers 25-basis-point rate hike
AUD/USD gains ground after recovering daily losses, trading around 0.7020 during the Asian hours on Tuesday.
Australian Dollar gains as RBA hikes interest rates by 25 bps to 4.6%
The Australian Dollar (AUD) attracts significant bids against its major currency peers after the Reserve Bank of Australia’s (RBA) monetary policy announcement. Against the Japanese Yen (JPY), the antipodean has jumped 0.25% to near 110.70.
Australia RBA Interest Rate Decision meets forecasts (4.6%)
Australia RBA Interest Rate Decision meets forecasts (4.6%)
Swiss Franc declines as US Dollar rises on Fed rate hike bets
USD/CHF continues its winning streak for the fifth successive trading day, reaching its fresh 16-month high of 0.8327 during Asian hours on Tuesday. The pair gains support as the US Dollar (USD) rises amid ongoing uncertainty surrounding US-Iran negotiations, keeping oil prices elevated.
EUR/JPY Price Forecast: Slips below 179.00 as bearish bias prevails
EUR/JPY remains subdued for the third successive day, trading around 178.80 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern.