EUR/GBP bullish outlook softens as bears threaten the 200-day SMA
The EUR/GBP suffers losses, positioned at 0.8660 with a decline of 0.30%. Daily chart indicators reveal signs of bearish momentum with RSI’s negative bias and MACD’s waning positive momentum. Despite…
Gold Price Forecast: XAU/USD rises toward $2,100 on dovish Fed outlook
Gold price gains ground as the US Dollar continuously depreciates. The Middle East conflict contributes to strengthening the demand for the yellow metal. China NDRC’s Chairman Zheng Shanjie said to…
WTI moves upward near $75.50 on dovish Fed outlook, Maersk, CMA CGM return to Red Sea
WTI price gains ground as expected rate cuts could help in increasing oil demand. Crude oil prices could find resistance as Major shipping firms have begun returning to the Red…
Mexican Peso taps multi-month high in faltering broad-market Greenback selloff
The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before…
Australian Dollar retreats with a positive sentiment, awaits US Core PCE data
Australian Dollar surged as US Dollar lost ground near month lows. Australian central bank will evaluate additional data to decide future monetary policy. Softer US data reinforces speculation of the…
Australian Dollar edges higher near major level ahead of US GDP Annualized
Australian Dollar trades higher on improved risk appetite and hawkish RBA. Australian central bank will observe data to evaluate the risks before making future policy decisions. US Dollar faces negative…
Australian Dollar tests its five month high ahead of US economic data
Australian Dollar gained ground on hawkish RBA Meeting Minutes. Australian central bank is expected to keep its interest rate unchanged in February’s meeting. PBoC kept its benchmark interest rate unchanged…
Australian Dollar looks to retest a five month high ahead of US housing data
Australian Dollar remains bullish after the RBA meeting minutes release. Australian policymakers suggest further tightening will depend on data and assessment of risks. New York Fed President John Williams dismissed…
Japanese Yen trades with mild negative bias against USD; eyes BoJ decision on Tuesday
The Japanese Yen ticks lower against the US Dollar for the second straight day on Monday. The prevalent risk-on environment is seen as a key factor undermining the safe-haven JPY.…
Gold price remains confined in a narrow trading band below weekly high touched on Thursday
Gold price is seen consolidating its weekly gains registered over the past two days. Rebounding US bond yields and a positive risk tone act as a headwind for the metal.…
