USD/MXN Price Analysis: Remains on the defensive below 18.00 mark, downside seems limited
USD/MXN struggles to gain any meaningful traction, though the bias remains tilted in favour of bulls. Any further slide could attract fresh buyers near the 17.80 confluence breakpoint, now turned…
USD/MXN Price Analysis: Consolidates in a range around 18.20 area, just below 38.2% Fibo.
USD/MXN lacks any firm intraday direction on Tuesday and remains confined in a narrow range. The technical setup favours bulls and supports prospects for an extension of a one-month-old uptrend.…
Gold Price Forecast: XAU/USD extends gains near $1,850 on Middle East conflict
Gold price continues to trade higher on geopolitical tension. The Palestine-Israel conflict could increase the demand for safe-haven assets like Gold. Upbeat US jobs data supports the US Dollar (USD).…
USD/INR loses traction below 83.20 following RBI rate decision, US NFP eyed
USD/INR holds below the 83.20 mark after the Reserve Bank of India (RBI) rate decision. RBI maintained a status quo on rates for the fourth consecutive time at 6.5%. US…
EUR/GBP consolidates its losses around the mid-0.8600s ahead of the German trade data
EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS…
GBP/USD Price Analysis: Languishes near seven-month low, 38.2% Fibo./just above mid-1.2000s
GBP/USD is seen consolidating in a narrow band near a multi-month low touched on Tuesday. The extremely oversold RSI on the daily chart holds back bearish traders from placing fresh…
GBP/USD Price Analysis: Remains under pressure below the mid-1.2000s, oversold RSI condition eyed
GBP/USD loses momentum and holds below the mid-1.2000s on Tuesday. The pair holds below the 50- and 100-hour EMAs with an oversold RSI condition. The immediate resistance level is seen…
EUR/USD Price Analysis: Not out of the woods yet, remains vulnerable to slide further
EUR/USD is seen consolidating in a narrow range through the Asian session on Monday. The formation of a downward-sloping channel on the daily chart favours bearish traders. A sustained strength…
USD/JPY discovers support near 148.50 as focus shifts to US PCE inflation
USD/JPY finds support near 148.50 despite rising odds of BoJ’s intervention due to excessive volatile moves. S&P500 futures added significant gains, portraying an improvement in appeal for risk-sensitive assets. Investors…
GBP/USD Price Analysis: Remains under selling pressure, the key contention is seen at 1.2100
GBP/USD remains under selling pressure around 1.2133, bouncing off the lowest since March 17 of 1.2110. The pair holds below the 50- and 100-hour EMAs with the oversold RSI condition.…
