USD/INR loses traction below 83.20 following RBI rate decision, US NFP eyed
USD/INR holds below the 83.20 mark after the Reserve Bank of India (RBI) rate decision. RBI maintained a status quo on rates for the fourth consecutive time at 6.5%. US…
EUR/GBP consolidates its losses around the mid-0.8600s ahead of the German trade data
EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS…
USD/JPY discovers support near 148.50 as focus shifts to US PCE inflation
USD/JPY finds support near 148.50 despite rising odds of BoJ’s intervention due to excessive volatile moves. S&P500 futures added significant gains, portraying an improvement in appeal for risk-sensitive assets. Investors…
USD/JPY surges to 11-month high around 148.90 on market caution, upbeat US Treasury yields
USD/JPY trades around an 11-month high on the back of robust growth in US Dollar (USD). Investors are pricing in the Fed’s hawkish stance on interest rates trajectory. 10-year US…
EUR/GBP trades higher near 0.8700 to extend gains, focus on ECB Lagarde’s speech
EUR/GBP looks to gain ground above 0.8700 psychological level. Eurozone PMI data provided support for the Euro. BoE’s surprise decision to pause its rate hike cycle has undermined the Pound…
USD/CAD Price Analysis: Loses momentum below 1.3480, eyes on Canadian Retail Sales, US PMI
USD/CAD loses traction around 1.3460 on Friday. The pair holds below the 50- and 100-hour EMAs; Relative Strength Index (RSI) stands in bearish territory below 50. The first resistance level…
Gold Price Forecast: XAU/USD recovers some lost ground above $1,920, eyes on US data
Gold price currently trades around $1,928 after seeing a rejection from the $1,948 mark. The Federal Reserve (Fed) held interest rates steady at the 5.25-5.50% range on Wednesday. Fed is…
USD/JPY consolidates in a narrow range above 147.50, investors await BoJ, Fed rate decision
USD/JPY oscillates around the 147.68-147.88 region in a narrow trading band. The Federal Reserve (Fed) is likely to hold rates steady on its September meeting. The possibility that the Bank…
AUD/JPY Price Analysis: Extends its upside beyond 95.30, bolstered by upbeat Chinese data
AUD/JPY trades in positive territory for the sixth straight day on Friday. Relative Strength Index (RSI) holds above 50 in the bullish territory. The immediate resistance level emerges at 95.78;…
USD/MXN drops toward 17.1000 after US CPI data, focus shifts to Core PPI
USD/MXN trades lower after the release of US CPI data on Wednesday. US Dollar (USD) experienced downward pressure following the market sentiment of no interest rate hike by the Fed…
