USD/CAD PRICE, CHARTS AND ANALYSIS: USDCAD is Intriguing at Present as the Loonie and USD Cancel Each Other Out Facilitating a Period of Consolidation Canadian Retail Sales Stagnate Despite an Upward Revision to Last Months Print. The Drop in Canadian Inflation Data and Stagnating Retail Sales Point to a Hold from the BoC Next Week.
Share: The USD/CHF reversed its course after jumping to a daily high of 0.9032 and then settling slightly above 0.9000. The USD is struggling to gather momentum on a positive market mood. The US reported strong economic activity figures from September. Rising US Treasury yields may limit the downside for the pair. In
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD had finally broken above the October 2022 descending trendline this week but has since run into some resistance just shy of the 1.3800 mark. This could just be a short-term retracement before a bullish continuation. Get your hands on the
USD/JPY OUTLOOK: USD/JPY briefly breaks above 150.00, but then pulls back sharply on signs that the Japanese government has stepped in to support the yen in currency markets. Any FX intervention measures will not be enough to support the yen on a sustained basis. As long as the underlying fundamentals do not change, the USD/JPY
© Reuters. Investing.com — The pound on Monday looked set to wrap up the third quarter at the end of week with hefty losses against the dollar, and likely faces uphill battle ahead as sterling bulls are throwing in the towel to join the bears in forecasting doom and gloom for the currency following the Bank
Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high
Share: USD/CHF is on a bullish trajectory, ending the week with over 1% gains, Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340. Key support levels for sellers include the 200-DMA and the
Share: XAU/USD tallied 0.60% daily gains and jumped to a daily high of $1,930, then settled at $1,923. Bulls quickly recovered the 20 and 200-day SMAs at the $1,920 area after losing them at the beginning of the week. Indicators point to a bullish resurgence. At the end of the week, the Gold
Share: USD/INR is seen consolidating in a narrow band just above the 83.00 mark. The technical setup favours bulls and supports prospects for additional gains. Any meaningful corrective slide is likely to get bought into and remain limited. The USD/INR pair struggles to capitalize on its modest gains registered over the past two
XAU/USD PRICE FORECAST: Gold (XAU/USD) Bulls Remain Cautious Following Sticky US CPI. Retest of Recent Lows Grow More Appealing. The Technicals on Gold Remain Conflicted. A Golden Cross Pattern Printed in the Asian Session and a Death Cross Pattern Forming Just Another Sign of the Current Indecision at Play. IG Client Sentiment Shows that Retail
