Market Movers Archives

After strong German inflation statistics, the EUR/USD remains over 0.9700.

The EUR/USD has gained pace in its rebound, surpassing 0.9700 on Thursday. The pair holds its footing as data from Germany revealed that CPI inflation increased in September faster than anticipated. The US Q2 GDP data will be closely watched. Technical Overview of EUR/USD The four-hour Relative Strength Index (RSI) indicator remains close to 50, …

After strong German inflation statistics, the EUR/USD remains over 0.9700. Read More »

Gold Price Forecast: Oversold XAU/USD Continue Selling

Market Movers / By Anisha Suresh

ANALYSIS OF GOLD (XAU/USD) In the wake of the Fed’s aggressive rate expectations, gold entered the oversold territory. The pre-invasion level of 1611 is still within reach as the precious metal continues to be burdened by fundamentals. AFTER HAWKISH FED FORECASTS, GOLD ENTERED OVERSOLD LEVELS Except for the Bank of Japan, global central banks are …

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USD/TRY Defies DXY Decline To Max Out Around 18.50 On CBRT Hints

Market Movers / By Anisha Suresh

USD/TRY ignores the US dollar’s decline to maintain its lead and retest the record high at 18.48 ahead of Tuesday’s European trading session. The Turkish Lira (TRY) seems to applaud these indications of more rate reduction from the Central Bank of the Republic of Türkiye (CBRT). According to Reuters, a CBRT official document released on …

USD/TRY Defies DXY Decline To Max Out Around 18.50 On CBRT Hints Read More »

AUD/USD Recovers From YTD Low, But Lacks Follow-Through.

Market Movers / By Anisha Suresh

The AUD/USD pair recovers from its lowest point since May 2020 in the midst of a little intraday USD decline. Fears of a recession have led to wagers on a hawkish Fed raising rates to a big maximum. Investors increasingly anticipate the speeches of FOMC members for opportunities in the near future. The AUD/USD pair …

AUD/USD Recovers From YTD Low, But Lacks Follow-Through. Read More »

Australian Dollar Outlook: Currency Markets Rocked by Fed Decision

Market Movers / By Anisha Suresh

After the Fed raised rates, the Australian Dollar fell. The RBA has hinted at less aggressive monetary policy principles. The USD now has some heft thanks to the Fed’s massive boost. Will the AUD/USD exchange rate decline? The Australian Dollar now seems to be a victim of US Dollar manipulation. Treasury rates have shot up …

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EUR/USD falls to 0.9800 as US dollar strengthens before PMIs.

Market Movers / By Anisha Suresh

As bulls for the US dollar recover confidence, the EUR/USD pair is looking south around 0.9800. Treasury yields continue to hold on to recent gains despite a hawkish forecast from the Fed, which Powell eyed. The collapse of an ascending triangle on the 1D time frame predicts more price drops for the EUR/USD. As we …

EUR/USD falls to 0.9800 as US dollar strengthens before PMIs. Read More »

Fed’s Hawkish Tone Pressures Gold Prices.

Market Movers / By Anisha Suresh

Talking points: GOLD, US Federal Reserve, Inflation, and Ukraine. As markets analyzed the Federal Reserve Commentary, gold prices started to decline. The rate increase was anticipated, but maybe less so the blatantly hawkish tone. There are subtle hints that the metal may have endured enough pain for now. On Thursday, gold prices were momentarily pushed …

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GBP/USD Pair Finds Support at 1.1300 Ahead of FOMC.

Market Movers / By Anisha Suresh

After touching its lowest level since 1985 earlier on Wednesday, the GBP/USD pair has recovered a few pips since then. A retreat throughout the trading session in the rates on US bonds puts a ceiling on advances for the USD and provides support for the pair. A bullish conviction is missing from the attempted rebound, …

GBP/USD Pair Finds Support at 1.1300 Ahead of FOMC. Read More »

NZD/USD falls to 0.5900, lowest since April 2020 on USD gains.

Market Movers / By Anisha Suresh

NZD/USD is under pressure from many sources and falls to its lowest point since April 2020. Bets on the Fed raising rates more aggressively help the USD quickly recover from a one-week low. Fears of a recession help the safe-haven dollar even more while hurting the risk-averse kiwi. The NZD/USD pair continues to see strong …

NZD/USD falls to 0.5900, lowest since April 2020 on USD gains. Read More »

EUR/USD Looks Offered, Falls Below Parity

Market Movers / By Anisha Suresh

The duo slips and once again violates parity. On Monday, the dollar seems bought with rising US rates. Next up in ECB-speak is EMU Construction Output. At the start of the week, sellers take back control of the European currency and push EUR/USD down below the zone of psychological parity. The EUR/USD will next find support …

EUR/USD Looks Offered, Falls Below Parity Read More »

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Market Movers

After strong German inflation statistics, the EUR/USD remains over 0.9700.

Gold Price Forecast: Oversold XAU/USD Continue Selling

USD/TRY Defies DXY Decline To Max Out Around 18.50 On CBRT Hints

AUD/USD Recovers From YTD Low, But Lacks Follow-Through.

Australian Dollar Outlook: Currency Markets Rocked by Fed Decision

EUR/USD falls to 0.9800 as US dollar strengthens before PMIs.

Fed’s Hawkish Tone Pressures Gold Prices.

GBP/USD Pair Finds Support at 1.1300 Ahead of FOMC.

NZD/USD falls to 0.5900, lowest since April 2020 on USD gains.

EUR/USD Looks Offered, Falls Below Parity