Australian Dollar experiences a decline amid a weaker ASX 200, US Dollar remains steady
Australian Dollar halts its winning streak amid a tepid US Dollar. Australia’s S&P/ASX 200 Index retreats from all-time highs as investors booked profits. China’s CPI YoY and MoM increased by…
USD/CAD drops to near 1.3450, awaits labor data from US, Canada
USD/CAD continues its losing streak on higher Crude oil prices. Canada’s Unemployment Rate is anticipated to reach 5.8% from 5.7 prior. US Nonfarm Payrolls could print a 200K figure for…
EUR/USD holds steady near 1.0900 ahead of ECB interest rate decision
EUR/USD sticks to a psychological level on Thursday post recent gains. ECB is expected to maintain the Rate on Deposit Facility at 4.0%. Fed Chair Powell has indicated the readiness…
EUR/USD consolidates around mid-1.0800s ahead of US data, Fed’s Powell
EUR/USD ticks lower on Wednesday, though the downside remains cushioned. Bets for a June Fed rate cut weigh o the USD and lend some support to the pair. Traders now…
NZD/USD hovers around 0.6090 amid risk aversion ahead of US labor data
NZD/USD faces struggles as traders adopt cautious stance before US key data. Fed’s Powell will testify before the US Congress regarding the Semi-Annual Monetary Policy Report on both Wednesday and…
Gold price consolidates near two-month peak, bullish potential seems intact
Gold price pauses after last week’s strong positive move to a fresh YTD top. Slightly overbought RSI on the daily chart acts as a headwind for the metal. Traders also…
USD/CHF consolidates around 0.8790 post recent gains, focus on US PCE data
USD/CHF maintains its stability ahead of US PCE – Price Index data. CME FedWatch Tool indicated the chances for rate cuts in March are at 3.0%, with 19.3% in May…
USD/CAD advances to near two-week top, bullish Oil prices to cap gains ahead of US data
USD/CAD gains positive traction for the fourth straight day amid a modest USD uptick. Bullish Crude Oil prices could underpin the Loonie and keep a lid on any further gains.…
Gold price sticks to modest intraday gains, bulls seem non-committed ahead of US data
Gold price regains some positive traction on Tuesday, albeit lacks follow-through buying. Sliding US bond yields undermine the USD and lend some support to the XAU/USD. Geopolitical risks also benefit…
EUR/USD Price Analysis: Depreciates to near 1.0820 before the 21-day EMA
EUR/USD could meet the immediate support at the 21-day EMA at 1.0808. Technical analysis suggests a momentum shift toward upward momentum. The key support region appears around the major barrier…
