EUR/USD Price Analysis: Trades higher near 1.0920 as Fed is expected to end rate hikes
EUR/USD could reach immediate resistance around the major level at 1.0950. Technical indicators suggest a stronger momentum; bulls could target August’s high at 1.1064. A firm break below 1.0900 could…
USD/CHF consolidates near 0.8880 ahead of Swiss Industrial Production
USD/CHF faced challenges on concerns over China’s property sector. Swiss Franc could gain ground on prevailing risk-off sentiment. Upbeat US jobless claims data seem ineffective to the US Dollar’s resilience.…
Gold price trades with modest intraday gains, lacks bullish conviction
Gold price gains some positive traction during the Asian session on Thursday amid a softer risk tone. The US Dollar builds on the overnight bounce from a two-month low and…
USD/JPY retraces recent losses, hovers above 150.50
USD/JPY experiences challenges on weaker Japan’s economic data. Japan’s GDP declined by 0.5% in Q3 against the previous growth of 1.2%. Japanese Economy Minister Yasutoshi Nishimura warned about the impact…
Australian Dollar trims intraday gains ahead of US inflation data
Australian Dollar treads water while the US Dollar looks to recover losses. Australia’s consumer sentiment declined by 2.6% in November, compared to the previous growth of 2.9%. Greenback could gain…
USD/MXN Price Analysis: Extends its downside near 17.50 amid the oversold condition
USD/MXN remains under selling pressure on the weaker of the USD. The pair holds below the 50- and 100-day EMAs on the four-hour amid the oversold RSI condition. The immediate…
USD/CAD slides further below mid-1.3800s on rebounding Oil prices and a weaker USD
A combination of factors drags USD/CAD away from the YTD peak touched on Wednesday. A modest uptick in Oil prices underpins the Loonie and exerts pressure amid a weaker USD.…
Gold price extends its pullback from a multi-month top; focus remains on FOMC
Gold price drifts lower for the third successive day and refreshes weekly low on Wednesday. Receding safe-haven demand and hawkish Fed expectations weigh on the XAU/USD. China’s economic woes could…
EUR/USD Price Analysis: Retraces the recent gains, hovers below 1.0600
EUR/USD reverses the recent gains ahead of the Fed policy decision. MACD line lies above the signal line; suggesting a potential shift in momentum. A firm break above the 50-day…
EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s, bearish flag pattern spotted
EUR/USD lacks any firm intraday direction and oscillates in a narrow range on Monday. The formation of a bearish flag pattern supports prospects for some meaningful decline. A sustained strength…
