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…
USD/JPY surges to 11-month high around 148.90 on market caution, upbeat US Treasury yields
USD/JPY trades around an 11-month high on the back of robust growth in US Dollar (USD). Investors are pricing in the Fed’s hawkish stance on interest rates trajectory. 10-year US…
EUR/GBP trades higher near 0.8700 to extend gains, focus on ECB Lagarde’s speech
EUR/GBP looks to gain ground above 0.8700 psychological level. Eurozone PMI data provided support for the Euro. BoE’s surprise decision to pause its rate hike cycle has undermined the Pound…
USD/CAD Price Analysis: Loses momentum below 1.3480, eyes on Canadian Retail Sales, US PMI
USD/CAD loses traction around 1.3460 on Friday. The pair holds below the 50- and 100-hour EMAs; Relative Strength Index (RSI) stands in bearish territory below 50. The first resistance level…
Gold Price Forecast: XAU/USD recovers some lost ground above $1,920, eyes on US data
Gold price currently trades around $1,928 after seeing a rejection from the $1,948 mark. The Federal Reserve (Fed) held interest rates steady at the 5.25-5.50% range on Wednesday. Fed is…
USD/CNH Price Analysis: Advances to over one-week high, around 7.3100 ahead of FOMC
USD/CNH climbs to over a one-week high during the Asian session on Wednesday. The uptick lacks follow-through as investors keenly await the FOMC rate decision. A break below the 50-day…
