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…
NZD/USD touches fresh 2023 trough, around 0.5825 area as traders look to Fed’s Powell
NZD/USD drifts lower for the third straight day and touched its lowest level since November 2022. The Israel-Hamas war, hawkish Fed expectations underpin the Greenback and weigh on the major.…
UK CPI Preview: Soft inflation could increase odds of another BoE pause in November
The UK CPI report will be published by the Office for National Statistics on Wednesday. Headline and Core annual inflation are set to fall in September but will likely stay…
USD/MXN trades lower around 17.9400 on hawkish meeting minutes from Banxico
USD/MXN retraces recent gains post Banxico’s meeting minutes. US headline inflation surpassed the expectations; while jobless claims printed a lower reading than expected. The recent barrage of positive US data…
EUR/USD Price Analysis: Eyes descending trend-channel breakout ahead of US CPI
EUR/USD steadily climbs back to over a two-week high touched on Wednesday amid a softer USD. Expectations that the Fed is nearing the end of its rate-hiking cycle continue to…
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).…
