If you compare it to the moves yesterday, it isn’t much. EUR/USD is down 0.3% to 1.0847 and GBP/USD down 0.3% to 1.2460 currently. The latter owes to softer UK inflation data earlier, though it also comes amid a push back after running against the 1.2500 mark and near the 100-day moving average (red line):
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: Japanese Yen Weekly Forecast: BoJ Tweak Fails to Inspire but Dollar Weakness Looks Promising for USD/JPY Gold prices are consolidating today following another attempt at the $2000/oz handle on Friday. Despite the weaker US Dollar we are seeing a slight recovery in US Yields and improving risk appetite which
Share: Australian Dollar moves sideways after trimming intraday gains. Aussie pair dipped post-release of the US headline inflation. Consumer Inflation Expectations raised the odds of RBA to increase interest rates. US Dollar advanced following the slew of upbeat US data, awaiting US Consumer Sentiment. The Australian Dollar (AUD) snaps a two-day losing streak post
Share: USD/INR sticks to modest gains below the mid-83.00s ahead of US data. US Durable Goods Orders rose by 0.2% MoM vs. -5.6% prior. Reserve Bank of India (RBI) is likely to keep the interest rate unchanged at its October meeting. Investors will closely watch the US consumer inflation due on Friday. USD/INR
Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line
Canadian Dollar, USD/CAD, Hanging Man – Technical Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The Canadian Dollar has been losing ground to the US Dollar of late, but a closer look at USD/CAD shows that the near-term uptrend might be losing momentum. On the daily chart below, we can see that as
British Pound, GBP/USD, Technical Analysis, Retail Trader Positioning – IGCS Update British Pound sees the worst 24 hours since late July Retail traders have increased upside GBP/USD bets Bearish Head & Shoulders chart pattern still in focus Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound closed at its lowest against the
EUR/USD FORECAST EUR/USD begins the week on the back foot, following disappointing economic data in Europe and rising U.S. Treasury yields Volatility, however, is limited, with many traders on the sidelines ahead of Thursday’s U.S. inflation report, which could be critical for the U.S. dollar This article also discusses key EUR/USD technical levels to watch
Share: NZD/USD consolidates in a narrow trading band through the early Asian session on Monday. The US wage inflation and employment data showed mixed results on Friday. The Federal Reserve (Fed) is likely to maintain tightening monetary policy far beyond 2024. The US Consumer Price Index (CPI) for July will be the key event to watch
Share: USD/JPY seesaws at three-week high despite latest retreat. 10-year JGB yields jump to highest since 2014, BoJ announces unscheduled no-limit bond-buying. US Dollar bulls take a breather after US credit rating downgrade, ADP Employment Change favored buyers the previous day. A slew of US data eyed for clear directions, yields are the
