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News
Australian Dollar Holds Firm on China Trade Data Support
6+ day, 8+ hour ago (310+ words) TradingPedia Key Moments AUD/USD paused a four-session advance, trading near 0.7210 during Asian hours on Tuesday Chinaâs August Trade Balance came in at $119.09 billion, broadly matching forecasts and exceeding the prior $112.5 billion reading Westpacâs Consumer Confidence index fell…...
Whale Profits and Activity Shape Bitcoin???s Consolidation
6+ day, 9+ hour ago (404+ words) Bitcoin’s (BTC) short-term holder (STH) whales are sitting on unprecedented paper gains, a development that is raising questions about potential selling pressure during the current market consolidation. According to CryptoQuant contributor IT Tech, unrealized profit for short-term holder whales climbed…...
Australian Dollar Steady as Trade Surplus Narrows
1+ week, 4+ day ago (355+ words) The AUD/USD pair is trading sideways during the Asian session on Thursday, unable to extend the prior day’s rebound from the 0.7120 area, which marked a nearly two-week low. The exchange rate is confined to a narrow range and is…...
Dollar-Yen Near July Highs as Bulls Hold Control
1+ week, 5+ day ago (449+ words) USD/JPY advanced to a new high since July 31 on Wednesday, before stalling and consolidating below the 160.50 mark during the Asian session. The pair has been extending a one-month-old uptrend, with momentum staying in favor of the bulls even as…...
Pound Pulls Back as Dollar Gains on Iran Tensions
1+ week, 5+ day ago (330+ words) The GBP/USD pair retreats to the vicinity of 1.3500 in early European trading on Wednesday. Persistent frictions in the Middle East are supporting safe-haven demand for the US Dollar (USD) at the expense of the British Pound (GBP). Market participants…...
Crypto Rally Pauses as BTC, ETH, XRP Momentum Cools
1+ week, 5+ day ago (473+ words) Bitcoin (BTC) remains under pressure on Wednesday, trading at $77,249 following a modest decline the previous day. The cryptocurrency still holds a constructive short-term outlook, with price comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are grouped…...
Australian Dollar Firms as Stronger Q2 GDP Supports AUD/USD
1+ week, 5+ day ago (294+ words) AUD/USD edged higher after erasing earlier daily losses, with the pair trading near 0.7150 during Asian hours on Wednesday. The Australian Dollar (AUD) firmed following the release of domestic Gross Domestic Product (GDP) figures for the second quarter. Quarter-on-quarter GDP…...
Dollar Firms Against Swiss Franc Despite Robust Retail Data
1+ week, 6+ day ago (670+ words) USD/CHF appreciates after posting losses in the previous session, trading close to 0.8100 during Asian hours on Tuesday. The currency pair shows limited reaction even as Swiss macroeconomic data surpasses expectations. Real Retail Sales in Switzerland for July expand by…...
Euro Slides as Dollar Gains, Markets Eye Inflation Signal
1+ week, 6+ day ago (394+ words) According to economists, Eurozone inflation is expected to increase in August amid persistently high energy costs, reinforcing expectations that the European Central Bank is highly likely to deliver a rate hike in September. These views have been bolstered by German…...
Euro Slips Against Pound as German Retail Sales Weigh
1+ week, 6+ day ago (746+ words) The EUR/GBP pair is losing momentum, trading close to 0.8570 during early European dealings on Tuesday. The Euro is edging lower after the release of disappointing German Retail Sales figures, while investors position for the preliminary Eurozone August Harmonized Index…...