USD/CHF consolidates near 0.8880 ahead of Swiss Industrial Production
USD/CHF faced challenges on concerns over China’s property sector. Swiss Franc could gain ground on prevailing risk-off sentiment. Upbeat US jobless claims data seem ineffective to the US Dollar’s resilience.…
Gold price trades with modest intraday gains, lacks bullish conviction
Gold price gains some positive traction during the Asian session on Thursday amid a softer risk tone. The US Dollar builds on the overnight bounce from a two-month low and…
Australian Dollar trims intraday gains ahead of US inflation data
Australian Dollar treads water while the US Dollar looks to recover losses. Australia’s consumer sentiment declined by 2.6% in November, compared to the previous growth of 2.9%. Greenback could gain…
USD/MXN Price Analysis: Extends its downside near 17.50 amid the oversold condition
USD/MXN remains under selling pressure on the weaker of the USD. The pair holds below the 50- and 100-day EMAs on the four-hour amid the oversold RSI condition. The immediate…
USD/CAD slides further below mid-1.3800s on rebounding Oil prices and a weaker USD
A combination of factors drags USD/CAD away from the YTD peak touched on Wednesday. A modest uptick in Oil prices underpins the Loonie and exerts pressure amid a weaker USD.…
EUR/USD Price Analysis: Retraces the recent gains, hovers below 1.0600
EUR/USD reverses the recent gains ahead of the Fed policy decision. MACD line lies above the signal line; suggesting a potential shift in momentum. A firm break above the 50-day…
Gold Price Forecast: XAU/USD pulls back from five-month high, trades near $1,970
Gold prices snap the winning streak amid US Dollar rebound. Escalation of the Israel-Hamas conflict could limit the downfall in the prices of Gold. Greenback receives upward support on improved…
NZD/USD touches fresh 2023 trough, around 0.5825 area as traders look to Fed’s Powell
NZD/USD drifts lower for the third straight day and touched its lowest level since November 2022. The Israel-Hamas war, hawkish Fed expectations underpin the Greenback and weigh on the major.…
USD/MXN trades lower around 17.9400 on hawkish meeting minutes from Banxico
USD/MXN retraces recent gains post Banxico’s meeting minutes. US headline inflation surpassed the expectations; while jobless claims printed a lower reading than expected. The recent barrage of positive US data…
Gold Price Forecast: XAU/USD extends gains near $1,850 on Middle East conflict
Gold price continues to trade higher on geopolitical tension. The Palestine-Israel conflict could increase the demand for safe-haven assets like Gold. Upbeat US jobs data supports the US Dollar (USD).…
