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…
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…
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…
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…
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…
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.…
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…
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…
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…
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…