Forex

EUR/USD loses traction near 1.0808 in Friday’s early Asian session.  The upbeat US PMI data and the Fed’s hawkish comments support the Greenback.  Traders…

NZD/USD pares daily losses amid hawkish comments from RBNZ officials on Friday. Strong PMI data pushed US yields higher, bolstering the Greenback. The…

Short term Elliott Wave in Tesla (TSLA) suggests the rally from 4.22.2024 low is in progress as an impulse. Up from 4.22.2024 low, wave (1) ended at 198.90 as…

Gold price is trading on a negative note on the stronger USD on Friday.  The higher-for-longer US rate narrative weighs on the yellow metal.  Investors…

The Australian Dollar continues to lose ground after the release of higher-than-expected US PMI data. Australian equities faced pressure due to the lower…

EUR/USD eases lower as risk-off flows bolster the Greenback. A spike in US Services PMIs reignite fears of sticky inflation. Fed rate cut hopes hinging in…

New Zealand’s Trade Balance came in at NZD $-10.11B YoY in April versus $-9.98B prior, according to the latest data released by Statistics New Zealand on…

USD/SGD rose to 1.3515 and managed to clear all of its daily losses. The US saw an uptick in manufacturing and services PMI data which bolstered the Dollar.…

Mexican Peso drops versus US Dollar amid GDP slowdown and Banxico Minutes highlighting inflationary pressure. Banxico revises inflation outlook and expects…

The USD/THB bulls gain momentum, with the pair showing a 0.56% spike. Favorable PMI data and stable unemployment figures, coupled with the Federal Reserve's…