Fundamental Analysis Category

February 9, 2024
Australian Dollar Stays Below Key Level Despite Steady US Dollar

Australian Dollar Stays Below Key Level Despite Steady US Dollar On Friday, the Australian Dollar (AUD) exhibited a downward trend, continuing its decline from the previous two sessions. The AUD/USD currency pair faced challenges due to the lackluster performance of the S&P/ASX 200 index and falling prices of key Australian exports like coal and iron

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February 7, 2024
Japanese Yen Weakens to 148 Versus USD, BoJ Hawkishness May Curb Losses

Japanese Yen Weakens to 148 Versus USD, BoJ Hawkishness May Curb Losses The Japanese Yen (JPY) faced renewed selling pressure on Thursday, halting its recent modest recovery against the US Dollar (USD) from the year-to-date low reached earlier this week. The pause in the Yen’s recovery comes in the wake of discouraging economic data from

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February 5, 2024
GBP/USD Drops Toward 1.2610 Amid Dimming Prospects of March Fed Rate Cut

GBP/USD Drops Toward 1.2610 Amid Dimming Prospects of March Fed Rate Cut The GBP/USD pair continues its downward trajectory for the second straight session, dipping to approximately 1.2610 during Monday’s Asian trading hours. This decline in the Pound Sterling (GBP) coincides with a robust performance by the US Dollar (USD), which, as indicated by the

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February 2, 2024
Australian Dollar Remains Below Key Threshold, US Nonfarm Payrolls Anticipated

Australian Dollar Remains Below Key Threshold, US Nonfarm Payrolls Anticipated The Australian Dollar (AUD) displayed notable resilience and upward momentum on Friday, recovering from its three-month low of 0.6508, which it hit on Thursday. This rebound can be attributed to a combination of factors, including mixed economic data from the United States (US) that exerted

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January 31, 2024
Australian Dollar Stabilizes Following Losses Against Stronger US Dollar

Australian Dollar Stabilizes Following Losses Against Stronger US Dollar The Australian Dollar (AUD) is experiencing a downtrend on Wednesday, exacerbated by weaker-than-expected Australian inflation data for the December quarter, prompting traders to consider the likelihood of up to two interest rate cuts by the Reserve Bank of Australia (RBA) this year. Compounded by the risk-averse

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