Steadies around 0.7050 as bullish bias prevails

Steadies around 0.7050 as bullish bias prevails

AUD/USD moves little after registering over 0.5% gains in the previous day, trading around 0.7050 during the Asian hours on Wednesday. The technical analysis of the daily chart shows that the pair is remaining within the ascending channel pattern, suggesting a prevailing bullish bias. The AUD/USD pair holds a constructive near-term bullish bias as spot […]

US nears Hormuz deal, aiming for Wednesday announcement – Axios

US nears Hormuz deal, aiming for Wednesday announcement – Axios

According to a report from Axios, the United States (US), Iran, and Oman are closing in on an interim agreement to reopen the Strait of Hormuz, with the U.S. aiming for a Wednesday announcement, sources said. The report also stated that the deal under discussion sets up a 60-day temporary arrangement between Oman and Iran […]

New Zealand Dollar softens below 0.5900 after Unemployment Rate rises to decade high

New Zealand Dollar softens below 0.5900 after Unemployment Rate rises to decade high

The NZD/USD pair loses momentum to near 0.5875 during the early Asian trading hours on Wednesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following the employment report. Traders brace for the release of China’s RatingDog Services Purchasing Managers Index (PMI) data for fresh impetus.  Data released by Statistics New Zealand on […]