Australian Dollar Struggles for Momentum After RBA Rate Decision
The Australian Dollar remains weak as RBA Governor Bullock highlighted that the risks associated with rising inflation have diminished. The RBA kept the Official Cash Rate unchanged at 4.35% during…
NZD/USD Faces Selling Pressure Near 0.5805 Amid Ongoing Deflation Concerns in China
NZD/USD continuesi ts downward trend, slipping to approximately 0.5805 during early European trading on Monday, marking a 0.47% decline for the day. Concerns over deflationary pressures in China, coupled with…
GBP/USD Pulls Back After Testing 1.2800 Level
The US Nonfarm Payrolls data revealed that the economy gained 227,000 jobs in November. The Michigan Consumer Sentiment Index increased to 74 in December. The GBP/USD pair has shifted downward,…
USD/CAD Holds Near Weekly High of 1.4070 Ahead of Powell’s Speech
USD/CAD does not have a stable direction today and is affected by many different forces. The Canadian dollar was supported by an overnight rise in oil prices and fading bets…
EUR/USD Price Outlook: Pair Holds Steady Near 1.0500
EURUSD found support around 1.0500 after opening the week down 1%. Buyers should focus on recovering the 20-day SMA. The are still no signs of a reversal and indicators remain…
NZD/USD Faces Selling Pressure Below 0.5900 Amid Improved China Caixin Manufacturing PMI
NZD/USD weakened to around 0.5895 during the European session on Monday. China’s Caixin manufacturing PMI growth beat expectations in November. The US ISM manufacturing PMI will be released later on…
NZD/USD Outlook: Challenges Key Resistance at 14-Day EMA and 0.5900 Amidst Channel Break Attempt
NZD/USD is testing the upper limits of the downside move at 0.5920. The bullish sentiment will be confirmed when the 14-day RSI breaks above the 50 level. The 14-day and…
Silver Price Analysis: XAG/USD Challenges Key Resistance at $30.50
The daily chart shows that silver prices are likely to switch from a downtrend to an uptrend. The main resistance is seen at the 9-day moving average at $30.76. The…
EUR/JPY Outlook: Retreats Toward 159.50 Amidst Descending Channel Pressure
The EUR/JPY crossover could lead to further declines when analyzing the daily chart for possible trends. A correction will be normal when the 14-day RSI drops below the 30 level.…
EUR/USD Outlook: Bearish Momentum Persists Below 1.0500
EUR/USD recovered losses near 1.0475 in early European trading on Monday. The negative sentiment on the pair remains stable below the 100-period EMA and the RSI indicator is in a…
