Published at 01:59 (GMT) 16 Jul
EUR-NOK
Corrects the the drop from 8.5475 high to reach 8.4485 high but further upside seen limited and risk is seen setback to further pressure the 8.4000 level. Break here will return focus to the downside and see setback to the 8.3705 low. [P.L]
EUR-SEK
Trade slowly drifting into consolidation and confined within the 9.2077-9.2700 range and a downside break will revive corrective pullback from 9.3887 high. Above 9.2700 will help bulls regain footing towards 9.3077/3306 hurdles. [W.T]
USD-NOK
Rally to break the 6.2000 level triggers stronger recovery to reach 6.2215 high. Further upside seen limited and risk is seen for pullback, below the 6.2000 level will see return to 6.1660 then the 6.1490 low. [P.L]
USD-SEK
Strong rally last session above 6.8020/8187 resistances confirmed a low set at 6.7605 and shifting focus higher to 6.8378, where break will see strong barrier at 6.8760 coming into play. [W.T]
Recommended Content
Editors’ Picks
AUD/USD approaches 0.6900 ahead of Australian inflation
The Aussie is among the best performers against the Greenback this week, trading at fresh 2024 highs, not far from the 0.6900 mark. Australian inflation data taking centre stage in the Asian session.
EUR/USD extend recovery amid persistent USD weakness
The Euro benefited from the broad US Dollar’s weakness on Tuesday, trimming weekly losses and looking to retest the 1.1200 level. Additional gains out of the table amid discouraging European data.
Gold's unstoppable run extends beyond $2,650
Gold price keeps posting record highs on a daily basis, now comfortable above $2,650. Poor United States data fueled speculation the Federal Reserve will trim rates by another 50 bps when it meets in November.
Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run
Bitcoin traded around $63,600 on Tuesday, as prices appear to be consolidating within the $62,000 and $64,700 key levels. On-chain data shows that the consolidation may be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million, per Farside Investors data.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.