Tuesday, March 28, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Forex Trading

AUDUSD’s rally hits resistance at 0.6600, pulls back to 0.6555

btclive365 by btclive365
November 10, 2022
in Forex Trading
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


  • Australian Dollar’s rally from the 0.6385 area, capped at 0.6600.
  • The pair remains 2.2% up on the day, consolidating above 0.6540 previous resistance level.
  • Greenback’s weakness after US CPI data has boosted the AUD.

The Australian Dollar’s rally from session lows at 0.6385 has been capped at a fresh six-week high a few pips shy of 0.6600, although the pair remains steady in the upper range of the 0.6500s.

On the daily chart, the pair moves 2,2% above the opening levels. The Aussie surged on Thursday’s early US session, following the release of US CPI data to break the top of the last six weeks’ trading range, at 0.6545.

The US Dollar plunges on weak CPI data

US inflation slowed down beyond expectations in October, which sent US Treasury yields and the Greenback lower, and boosted equity markets on hopes that the Federal Reserve might shift to softer interest rate hikes over the next months.

The overall CPI increased at a 0.4% pace, unchanged from September, against market expectations of an acceleration to 0.6%. The Core inflation, the Fed’s preferred inflation gauge, slowed down to 0.3% from 0.6% over the previous month.

Furthermore, US weekly jobless claims showed an increment of 225,000 claims in the week of November 4, up from 228,000 claims over the previous week and above the market expectations of 220,000. These figures suggest a certain loosening in the labor market and provide additional reasons to expect some easing on the Fed’s tightening plan.

Technical levels to watch

 

 



Source link

Previous Post

Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’

Next Post

Core Developer Apprenticeship Program | Ethereum Foundation Blog

btclive365

btclive365

Next Post

Core Developer Apprenticeship Program | Ethereum Foundation Blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

Greenback Extends Losses as Loonie Gains

March 28, 2023

Y00ts Kicks off its Migration to the Polygon Network

March 28, 2023

Galaxy Digital swings to profit after $1B net loss in 2022

March 28, 2023

Lancia Italia Announced as Metaverse Group’s Automotive Partner for Metaverse Fashion Week 2023

March 28, 2023

Recent News

Greenback Extends Losses as Loonie Gains

March 28, 2023

Y00ts Kicks off its Migration to the Polygon Network

March 28, 2023

Galaxy Digital swings to profit after $1B net loss in 2022

March 28, 2023

Lancia Italia Announced as Metaverse Group’s Automotive Partner for Metaverse Fashion Week 2023

March 28, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

Greenback Extends Losses as Loonie Gains

March 28, 2023

Y00ts Kicks off its Migration to the Polygon Network

March 28, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In