AUDUSD NEWS : AUDUSD lacks any firm direction, remains confined in a range below 0.6700 post-US CPI
AUDUSD NEWS : AUDUSD lacks any firm direction, remains confined in a range below 0.6700 post-US CPI AUD/USD struggles to capitalize on its modest intraday bounce from the 0.6630 area. Rebounding US bond yields continues to underpin the USD and cap gains for the pair. The latest US consumer inflation figures do little to provide […]
TODAY USDCAD UPDATE : USDCAD drops the most in a month as SVB, Fed concerns weigh on US Dollar, favor Oil price
TODAY USDCAD UPDATE : USDCAD drops the most in a month as SVB, Fed concerns weigh on US Dollar, favor Oil price USD/CAD takes offers to extend pullback from five-month high. US regulators unveil plans to tame SVB, Signature Bank inflicted risk. Fed rate hike expectations ease amid looming fears on US banks. Oil price […]
TODAY XAUUSD SIGNAL : Gold Price Forecast XAUUSD bulls move in on a 50% mean reversion area ahead of NFP
TODAY XAUUSD SIGNAL : Gold Price Forecast XAUUSD bulls move in on a 50% mean reversion area ahead of NFP Gold holds steady ahead of key US jobs data. Bears are lurking in a key area on the charts. testing a 50% mean reversion area. TODAY XAUUSD SIGNAL : XAUUSD Gold price was firmer on […]
USDCAD NEWS : USDCAD trades with modest losses below 1.3600 amid bullish Oil prices, weaker USD
USDCAD NEWS : USDCAD trades with modest losses below 1.3600 amid bullish Oil prices, weaker USD USD/CAD meets with a fresh supply on Friday and is pressured by a combination of factors. Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD weakness. Recession fears, hawkish Fed expectations should limit […]
TODAY GBPJPY SIGNAL : GBPJPY retakes 162.00 and beyond, snaps a two-day losing streak back closer to weekly low
TODAY GBPJPY SIGNAL : GBPJPY retakes 162.00 and beyond, snaps a two-day losing streak back closer to weekly low GBP/JPY attracts some dip-buying on Friday and snaps a two-day losing streak. BoJ Governor candidate Ueda’s dovish remarks weigh on JPY and lend support. Bets for additional BoE rate hikes underpin the GBP and also act […]
GBPUSD NEWS : GBPUSD sticks to modest gains above mid-1.2000s, lacks bullish conviction
GBPUSD NEWS : GBPUSD sticks to modest gains above mid-1.2000s, lacks bullish conviction GBP/USD regains positive traction amid a modest USD pullback from a multi-month top. Signs of stability in the equity markets turn out to be a key factor weighing on the buck. Bets for additional BoE rate hikes underpin the GBP and remain […]
GBPUSD UPDATE 22-02-2023 : GBPUSD stabilizes above 1.2100 as risk-on impulse rebounds, FOMC minutes eyed
GBPUSD UPDATE : GBPUSD stabilizes above 1.2100 as risk-on impulse rebounds, FOMC minutes eyed GBP/USD is confidently shifting its business above 1.2100 amid a recovery in the risk appetite theme. Consideration of a 50 bps rate hike in the FOMC minutes could stem the dismal market mood. The UK economy is avoiding recession, however, chances […]
GBPJPY NEWS : GBPJPY sticks to modest intraday gains above mid-161.00s, lacks bullish conviction
GBPJPY NEWS : GBPJPY sticks to modest intraday gains above mid-161.00s, lacks bullish conviction GBP/JPY gains some positive traction on Tuesday, albeit lacks follow-through buying. Weaker Japanese Manufacturing PMI undermines the JPY and lends some support. Expectations that the BoE rate-hiking cycle is nearing the end cap any further gains. Traders also seem reluctant ahead […]
TODAY XAUUSD SIGNAL : Gold Price Forecast XAUUSD licks its wounds near $1,840 within falling wedge amid sluggish markets
TODAY XAUUSD SIGNAL : Gold Price Forecast XAUUSD licks its wounds near $1,840 within falling wedge amid sluggish markets Gold price remains sidelined after three-week downtrend, picking up bids of late. Geopolitical fears fail to weigh on XAU/USD price amid absence of US, Canadian traders. Headlines surrounding North Korea, China will be crucial for fresh […]
USDCAD NEWS : USDCAD refreshes YTD peak, surpasses 1.3500 amid siding Oil prices and stronger USD
USDCAD NEWS : USDCAD refreshes YTD peak, surpasses 1.3500 amid siding Oil prices and stronger USD USD/CAD spikes to its highest level since January and is supported by a combination of factors. Declining Oil prices undermines the Loonie and acts as a tailwind amid sustained USD buying. A sustained move beyond the 1.3500 mark might […]