Share: EUR/GBP maintains its upward momentum, trading at 0.8731, as it solidifies the 0.8700 level as a crucial support. The pair shows a bullish bias, but a failure to surpass the 0.8755 high could invite bearish activity. Key levels to watch include resistance at 0.8800 and 0.8834, with support at the 200-DMA of
The AUDUSD is down for the 5th consecutive day. Recall on Friday last week, and then on Monday, the price of the AUDUSD was testing/moving above it’s key 100-day MA near 0.6515. The high price reached 0.65224, but ultimately stalled and started a run to the downside, leading to a move from 06522 to the
Share: HSBC hands TSLA stock a Reduce rating and price target of $146. Tesla stock is consolidating right on top of $210 support level. HSBC analyst says too much of Tesla growth story comes at end of decade. President Joe Biden supports UAW attempt to unionize Tesla factories. Tesla (TSLA) stock moved
The USDCHF is higher on the week, but the price action has been up and down, especially over the last 4 trading days. Technically, the price has been moving above and below technical levels like the: 200-day moving average currently at 0.8999, 100-hour moving average currently at 0.9044, and the 50% midpoint of the move
Share: EUR/USD struggles to stay in the green zone amid weaker US Dollar. Combined technical indicators support a positive outlook for the pair. The pair could revisit the 1.0750 major level aligned to the weekly high at 1.0756. EUR/USD hovers around 1.0710 during the early European session on Thursday, struggling to continue moving
GOLD (XAU/USD) PRICE FORECAST: MOST READ: GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD Post UK CPI Gold prices are under renewed selling pressure today as hawkish comments from Fed policymakers reigned in the recent hopes that the Fed are done. Market participants had hoped that Fed Chair Powell might strike a different tone in his
EUR/USD AND USD/JPY FORECAST EUR/USD slides and tests an important technical support in the 1.0695/1.0670 area USD/JPY extends its recovery for the second straight day, coming within striking distance from overtaking overhead resistance This article analyzes key price levels to watch in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter
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: Atlanta Federal Reserve President Raphael Bostic said on Friday that monetary policy is in the right place given the economic outlook. He added he may support holding interest rates steady for about 8 to ten months. In an interview with Bloomberg TV, Bostic mentioned that he does not see a recession ahead.
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has continued to selloff today following a rejection at the 1.3900 resistance level. The decline in the DXY has helped USDCAD push lower as well in what will be a welcomed by the Bank of Canada and Canadian consumers. In
