Market Movers

The price of natural gas declined after recovering from a one-month low the day before. Hopes for increased energy demand and prior geopolitical concerns caused XNG/USD to increase. President Xi of China’s inability to confirm more gas pipelines from Russia to query customers is now accompanied by pre-Fed worry. For detailed directions, risk catalysts and …

Natural gas rebound fades at $2.45 as traders tread lightly ahead of the Fed meeting. Read More »

After posting its first daily gains in three days, USD/CHF continues to climb. Markets are upbeat due to US authorities’ consideration of bank deposit insurance. Yields increase on hawkish Fed wagers and conflicting reactions to the impact on the banking industry. Swiss trade data with US housing information may amuse intraday traders. Early on Tuesday …

USD/CHF recovers to 0.9300 as banking concerns subside, SNB vs. Fed in spotlight Read More »

The AUD/USD has declined from an almost two-week peak on Monday. The pair has some support from an intraday improvement in the perception of risk worldwide. Bets spark new USD selling on a less aggressive Fed, which helps to contain the downside. So, traders are anticipating the RBA minutes on Tuesday for short-term inspiration. The …

AUD/USD stays low at 0.6700, although new USD selling supports it. Read More »

Despite being in a trading range that has been in place for some days, silver gained momentum on Friday. Acceptance over the $21.65–21.70 intersection raises the possibility of further gains. A decisive break below the $21.00 level is required to counter the near-term optimistic tendency. On the last day of the week, silver draws new …

Silver Price Analysis: Bulls have the upper hand over the $21.65-70 confluence. Read More »

On Friday, the gold price saw a significant uptick and reached its highest since February. Investors’ anxiety about a worldwide financial crisis boosts the safe-haven XAU/USD. Expectations for a less aggressive Fed, plunging US bond rates, and a lower USD offer a further boost. After the day’s aimless price movement, the gold price attracted new …

Gold Price Forecast: XAU/USD hits multi-week high on risk-off, falling US bond yields Read More »

In a two-day rally, the EUR/USD rebounds to an intraday high, consolidating Wednesday’s significant losses. Buyers are encouraged by the sustained breach of the two-day-old bullish channel at 200-HMA. Bulls are encouraged by almost overbought RSI levels and slow MACD indications. The 100-HMA and 61.8% Fibonacci retracement convergence protect the current upward trend. While the …

EUR/USD Price Analysis: Bulls maintain above 1.0600, but the northward route seems rocky. Read More »

On Thursday, there is new purchasing in the AUD/USD pair, although it seems complicated to profit from the trend. The positive Australian employment report helps the local currency despite a slight USD decline. The key limiting factors are fears of a banking catastrophe and hawkish Fed predictions. On Thursday, the AUD/USD pair regains momentum and …

AUD/USD stays below mid-0.6600s, lacking bullish momentum. Read More »

To continue the previous day’s recovery from a one-month low, USD/JPY pulls up bids. US 10-year Treasury bond rates stay tight during their two-year counterpart climb. Despite diminishing SVB problems, global markets are still risky due to waning US inflation worries. To comply with Prime Minister Kishida’s request for a 3% increase, major Japanese companies …

USD/JPY bulls hit 135.00 as yield curve inversion deepens, with attention focused on Shunto negotiations and US retail sales. Read More »

NZD/USD maintains its decline towards the intraday low and ends its two-day winning streak. The RSI retreat supports the Kiwi pair’s reversal from the 200-EMA, one-month resistance line. MACD signals’ declining positive bias and the inability to clear significant upward obstacles give sellers optimism. Bears are drawn beyond the 100-EMA break by a two-week-old horizontal …

NZD/USD Price Analysis: Bears aim for 0.6130 at the 100-EMA. Read More »

XAU/USD is approaching the $1,900 level as US Treasury 2-Year rates decline. Over the last three trading days, gold price bulls have been on the offensive. The market is cautiously anticipating the US CPI announcement. In the previous four days, XAU/USD has surged higher and is now up almost 1% for the day. Dropping US …

Gold bulls aim for $1,890 as the US dollar weakens and yields fall. Read More »