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…
WTI oscillates in a range around $85.00, Middle East tensions remain in focus
WTI is seen consolidating the previous day’s goodish recovery gains from a nearly two-week trough. The Israel-Gaza conflict continues to fuel concerns about supply disruptions and lend some support. Looming…
USD/INR gains momentum amid a stronger Dollar, focus on bond yields and oil prices
Indian Rupee loses ground on a firmer USD amid upbeat US economic data. Rising US Treasury bond yields and oil prices might weigh on market mood, cap the Indian Rupee’s…
Australian Dollar hovers near the major level ahead of US data
Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in…
Gold Price Forecast: XAU/USD pulls back from five-month high, trades near $1,970
Gold prices snap the winning streak amid US Dollar rebound. Escalation of the Israel-Hamas conflict could limit the downfall in the prices of Gold. Greenback receives upward support on improved…
USD/MXN Price Analysis: Sits near two-week high/38.2% Fibo., bullish potential intact
USD/MXN is seen oscillating in a range on Friday and consolidating its weekly gains. The technical setup favours bullish traders and supports prospects for additional gains. Any meaningful corrective slide…
