James U. on LinkedIn: Sterling Hits Highest Level Vs NZ Dollar Since 2016 On RBNZ Rate Cut Bets (2024)

Euro Outlook – EUR/USD and EUR/GBP Technical Analysis and Sentiment Latest The Euro has been buffeted over the last few sessions against the US dollar, while EUR/GBP has jumped on recent Sterling weakness.

Today's market volatility:GBP/AUD - 6-week high - https://lnkd.in/gjwxKF4xThe British Pound hits a 6-week high against the Australian Dollar as the sentiment of the global market becomes risk-averse and investors move toward safe-haven currencies.GBP/NZD - 7-week high - https://lnkd.in/gQyahS9dThe British Pound hits a 7-week high against the New Zealand Dollar as the sentiment of the global market becomes risk-averse and investors move toward safe-haven currencies.USD/CAD - 5-week high - https://lnkd.in/gKmDqjFfThe US Dollar hits a 5-week high against the Canadian Dollar as the Canadian Dollar faces pressure due to an increase in risk aversion in the global market.USD/EUR - 5-week high - https://lnkd.in/gRJxqw2tThe US Dollar hits a 5-week high against the Euro as the Euro faces pressure due to an increase in risk aversion in the global market.#volatility#fx#forex#money #aud #gbp #nzd #usd #cad #eur

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In recent weeks, substantial trends have emerged in the foreign exchange markets due to a slump in the US #dollar, often referred to as "king dollar". The #euro strengthened against the US dollar to above 1.09, the highest since 10 March, while the #pound surged above 1.30 against the #greenback for the first time since July 2023. The #USD weakens on #Fed rate cut expectations

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🌟 Weekly Forex Market Update! 🌟Here are this week's top-performing forex pairs:GBPNZD (Pound Sterling/New Zealand Dollar)Gain: 1.56%The British Pound has shown strong performance against the New Zealand Dollar, driven by positive market sentiment and economic indicators.EURNZD (Euro/New Zealand Dollar)Gain: 1.03%The Euro has also performed well against the New Zealand Dollar, reflecting its broader strength in the forex market this week.AUDNZD (Australian Dollar/New Zealand Dollar)Gain: 0.97%The Australian Dollar has appreciated against the New Zealand Dollar, indicating a favorable economic outlook for Australia.GBPUSD (Pound Sterling/US Dollar)Gain: 0.95%The British Pound has strengthened against the US Dollar, showcasing investor confidence and positive economic developments in the UK.These currency pairs have demonstrated significant gains this week, reflecting various economic factors and market trends. Stay informed and happy trading! 📈💹#Forex #Trading #ForexGainers #MarketUpdate #GBPNZD #EURNZD #AUDNZD #GBPUSD #ForexTrading #CurrencyTrading #MarketAnalysis*Trading forex involves significant risk and can result in the loss of your invested capital. The high leverage associated with forex trading can work both to your advantage and disadvantage. You should only trade with money you can afford to lose. Before trading, please ensure you fully understand the risks involved and seek independent advice if necessary. Past performance is not indicative of future results.

How much do you know about currency pairs? Ever wondered how much a dollar is worth in Euros, or how the British Pound compares?Imagine two currencies pulling against each other. Traders try to guess which currency will become stronger, just like the winning team in a tug-of-war match. This is the world of currency pairs in Forex trading, and it's more exciting than it sounds!Let's see some of the most popular currency pairs and what makes them tick...🟡 Euro vs. US Dollar (EUR/USD)This is the heavyweight champion! Everyone plays this match because it involves the two strongest economies (Europe and USA).🟡 US Dollar vs. Japanese Yen (USD/JPY)This pair acts like a bit of a mood meter. If people are feeling nervous about the economy, they'll often buy Yen, making this tug-of-war tip in favor of the Yen.🟡 British Pound vs. US Dollar (GBP/USD)This match, nicknamed "Cable" because of the historical transatlantic telegraph cable used for quotes, reflects how strong the British Pound is compared to the Dollar. Keep an eye on news about Britain to see how it might affect this.🟡 Australian Dollar vs. US Dollar (AUD/USD)Nicknamed the "Aussie," this is linked to things Australia sells a lot of, like gold. If those things get more expensive, the Aussie usually wins the tug-of-war.🟡 US Dollar vs. Canadian Dollar (USD/CAD)This pair, called the "Loonie" (because of a Canadian coin), is heavily influenced by how expensive oil is. If oil prices rise, the Canadian Dollar might pull harder.🟡 US Dollar vs. Swiss Franc (USD/CHF)The "Swissy" is like a safe house during bad economic times. When things get scary, people buy Swiss Francs, making this pair tip in favor of the Franc.There are many more currency pairs out there, but this is a great start to understanding the exciting world of Forex trading! Heard of anyone of these pairs before or would you like to add to the list? Share in the comments. #TheWiseCap #Forex #ForexTrading #ForexTraders #CurrencyPairs

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Forex highlights to watch! EUR/USD remains steady ahead of Eurozone and German PMI releases. GBP/USD holds near 1.2750 amid slower UK inflation. NZD/USD trades positively near 0.6108 on RBNZ’s hawkish hold, while USD/CAD weakens to 1.3682 amid rate cut speculation. 📉💼 Stay on top of the market trends! CLICK LINK IN BIO for expert insights and top trading strategies. 💡💰 #ForexTrading #MarketUpdate #PMIReleases #EUR #GBP #NZD #CAD #HawkishHold #RateCutSpeculation #FinancialNews

British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY This article explores the technical outlook for several British pound currency pairs, including GBP/USD, EUR/GBP and GBP/JPY. Recent market sentiment dynamics and key levels to watch are also discussed.

Market Analysis: GBP/USD Extends Losses While EUR/GBP Gains Strength🔸 The British Pound is showing bearish signs below 1.2420.🔸 There is a key bearish trend line forming with resistance near 1.2465 on the hourly chart of GBP/USD at FXOpen.🔸 EUR/GBP is rising and trading above the 0.8600 zone.🔸 There was a break above a connecting bearish trend line with resistance near 0.8600 on the hourly chart at FXOpen.🔗 Learn more: https://cutt.ly/WwcgBn1zCFDs are complex instruments and come with a high risk of losing your money.#marketanalysis #forextrading #eurgbp

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EURUSD gives up 60 pips and falls to 10-week low after the release of weak disappointing Eurozone, German and French services PMI data. In reaction to this underwhelming report, Euro fell through the 1.0830 handles, reaching a low of 1.0811. If the selling pressure continues the next downside levels are to watch 1.0790 then 1.0765. On the upper side, the currency pair needs to break and close above 1.0900 again to have a chance to develop upside momentum in the medium term.#eurusd #pmi #currencytrading #technicalanalysis #euruzone #dollar #europeanmarkets

Market Analysis: GBP/USD Turns Green While USD/CAD Eyes Fresh Increase🔸 The British Pound climbed above the 1.2225 and 1.2315 resistance levels.🔸 There is a connecting bullish trend line forming with support near 1.2315 on the hourly chart of GBP/USD at FXOpen.🔸 USD/CAD declined toward the 1.3635 zone before the bulls took a stand.🔸 It broke a major bearish trend line with resistance near 1.3660 on the hourly chart at FXOpen.🔗 Learn more: https://cutt.ly/twTdzzIfCFDs are complex instruments and come with a high risk of losing your money.#tradingtips #tradingforex #forextips #currencytrading #gbpusd

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