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).…
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…
