#asian session

The post Pound Sterling Price News and Forecast: GBP/USD softens to around 1.3355 during Asian session appeared on BitcoinEthereumNews.com. British Pound declines to near 1.3350 as US launches strikes on Iran The GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran. The Federal Reserve’s (Fed) June meeting minutes will be published later on Wednesday. Washington unleashed a new wave of strikes against Tehran on Tuesday and revoked a license allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz, per Reuters. Geopolitical fears surge following this headline, supporting the Greenback as a safe-haven asset. Read more… British Pound Sterling Runs Out of American Bad News After Nine Straight Days The Pound’s nine-session march against the Dollar ended on Tuesday, and it took exactly one

The post Can NZD/USD build on hawkish RBNZ-led gains beyond 0.5715 confluence? appeared on BitcoinEthereumNews.com. The NZD/USD pair gains strong positive traction following the Reserve Bank of New Zealand’s (RBNZ) first rate hike in three years and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices stick to intraday gains in the wake of the central bank’s hawkish outlook, saying that further rate increases appear likely at the coming meetings. Moreover, subdued US Dollar (USD) price action backs the case for a further appreciating move for the currency pair as the market focus shifts to the release of the FOMC Minutes, due later today. From a technical perspective, the NZD/USD pair is currently placed near the 0.5715 confluence hurdle – comprising the 100-day Exponential Moving Average (EMA) on the 4-hour chart and the 23.6% Fibonacci retracement level of the May-June fall. Some follow-through buying will be seen as a fresh trigger for bullish traders and set

The post XAG/USD Forecast: Holds bearish flag support near mid-$59.00s appeared on BitcoinEthereumNews.com. Silver (XAG/USD) trades with a negative bias for the third straight day and hovers around the $59.80 region during the Asian session on Wednesday. The white metal, however, defends a support marked by the lower boundary of a short-term descending channel, around mid-$59.00s or the weekly low, touched on Tuesday. Looking at the broader picture, the downward-sloping channel constitutes the formation of a bearish flag against the backdrop of the recent decline. Moreover, the recent repeated failures near the 100-period Simple Moving Average (SMA) on the 4-hour chart suggest that the path of least resistance for the XAG/USD pair is to the downside. Adding to this, the latest Moving Average Convergence Divergence (MACD) reading at -0.33 and a Relative Strength Index (RSI) around 44.16 hint at the risk of further downside within the range. However, a convincing break below the channel