Although it doesn’t follow through, USD/CAD rebounds off the weekly low it reached earlier on Friday. The demand for the USD is rekindled, and the major gains some support from an increase in US bond rates. The Loonie is supported by a modest increase in oil prices, which also restrains any significant rebound. The USD/CAD …
USD/CAD gains are restrained by increasing Oil prices in the mid-1.3300s. Read More »
NZD/USD has cleared the significant threshold of 0.6250 during a risk-on solid trend. Federal Reserve officials favor the interest rate rise slowing regime to lower financial risks. The New Zealand Reserve Bank expects the interest rate to peak at 5.5 percent. RBNZ-Fed policy divergence has increased, and NZD/USD seeks to break through the round-level resistance …
NZD/USD bulls eye 0.6300 as Fed expects no more rate rises Read More »
GBP/USD rises for the second day and reaches a new weekly high. Bets on the Fed raising rates less aggressively weigh on the USD and strengthen the pair. The GBP is supported by better-than-expected UK PMI, which also supports the upward trend.Ahead of the crucial FOMC minutes, investors are now looking to US macro data …
GBP/USD hovers barely below mid-1.1900s ahead of US data/FOMC minutes. Read More »
Renewing selling pressure is applied to USD/CAD, which is also impacted by other variables. A rise in oil prices supports the Canadian dollar and puts pressure on it amid general USD weakness. Before making strong directional wagers, use care due to the conflicting technical signs. On Tuesday, the USD/CAD pair encounters new supply and continues …
USD/CAD Price Analysis: Bulls not giving up at 1.3400 Read More »
Around EUR/USD, the selling pressure is still intense. When the DXY follows the dollar, it trades at multi-session highs. In October, the Chicago Fed National Activity Index deteriorated. At the start of the week, bears continued to dominate the risk complex mood and maintained EUR/USD low near the 1.0250 area. EUR/USD hits a two-week low. …
Forecast for the Australian Dollar: Neutral The Australian Dollar made another attempt to climb last week, reaching a 2-month high of little less than 68 cents before retreating as the US Dollar regained the upper hand. After a benign CPI report the week before and the US PPI missing predictions early in the week, the …
Australian Dollar Forecast: Caught in the US Dollar Vortex Read More »
Renewing selling pressure causes EURGBP to see a decline to almost two-week lows. On short-term charts, the rectangle pattern that forms suggests that traders are still determining their next move. Before making substantial directional wagers, neutral technical indications also call for prudence. During the first part of the European session on Friday, the EURGBP cross …
EURGBP Price Analysis: Bears eye range support around 0.8700 Read More »
USDIDR has a four-day rise and recently oscillated around an intraday high. The benchmark rate will likely rise by 50 basis points by Bank Indonesia. A breach to the upside of a two-week-old resistance line might reaffirm a multi-month high. The short-term downside is constrained by the 21-DMA and an ascending trend line from late …
USD/IDR Price Analysis: Nears $15,700 before Bank Indonesia Rate Decision Read More »
Despite a weaker US Dollar, Gold maintains stability at its highest level since mid-August. The dollar is affected by bets on the Federal Reserve raising rates less aggressively. The USD is further devalued by falling US bond rates, which is advantageous for commodities. Any additional advances for the XAUUSD seem to be limited by a …
Gold Price hovers above $1,780, its highest since mid-August. Read More »
On Tuesday, the EUR/USD regained its upward trend and exceeded 1.0400. Near 106.00, the dollar plunges to fresh 3-month lows. Villeroy of the ECB paved the way for more adaptable rate increases. As a result of the dollar’s sharp decline, EURUSD can reach new 4-month highs on Tuesday beyond 1.0400. The EURUSD is now flirting …
EURUSD soars over 1.0400, reaching 3-month highs. Read More »
