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.…
USD/INR Price Analysis: Semes poised to surpass record high and conquer 84.00 mark
USD/INR consolidates its weekly gains and remains below the monthly swing peak. The USD stands tall near a 10-month high and supports prospects for further gains. Bulls might still wait…
