banner image

Category: Forex News

Forex Market Update | Forexlive

By Published On: March 5, 20240.5 min readViews: 2260 Comments on Forex Market Update | Forexlive

Crude oil continued its decline since yesterday and is nearing the 78.15 level of support. If that level holds a correction is expected.

EUR/USD is stuck near the 1.0855 of resistance waiting for eurozone data.

banner image

AUD/USD wasn’t supported by the larger-than-expected Current Account surplus and Net Exports Contribution to GDP and is heading towards the 0.6490 level of support.

GBP/USD awaits Wednesday’s Budget announcement and anticipated tax cut.

USD/CAD is flat with market participants awaiting for the BoC monetary policy announcement and Jerome Powell’s testimony in Congress this week.

USD/JPY is near the 150.50 level of resistance and lacks clear direction.


Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts to your email.