EUR/USD Price Outlook: Pair Holds Steady Near 1.0500
EURUSD found support around 1.0500 after opening the week down 1%. Buyers should focus on recovering the 20-day SMA. The are still no signs of a reversal and indicators remain…
NZD/USD Faces Selling Pressure Below 0.5900 Amid Improved China Caixin Manufacturing PMI
NZD/USD weakened to around 0.5895 during the European session on Monday. China’s Caixin manufacturing PMI growth beat expectations in November. The US ISM manufacturing PMI will be released later on…
NZD/USD Outlook: Challenges Key Resistance at 14-Day EMA and 0.5900 Amidst Channel Break Attempt
NZD/USD is testing the upper limits of the downside move at 0.5920. The bullish sentiment will be confirmed when the 14-day RSI breaks above the 50 level. The 14-day and…
Silver Price Analysis: XAG/USD Challenges Key Resistance at $30.50
The daily chart shows that silver prices are likely to switch from a downtrend to an uptrend. The main resistance is seen at the 9-day moving average at $30.76. The…
EUR/JPY Outlook: Retreats Toward 159.50 Amidst Descending Channel Pressure
The EUR/JPY crossover could lead to further declines when analyzing the daily chart for possible trends. A correction will be normal when the 14-day RSI drops below the 30 level.…
EUR/USD Outlook: Bearish Momentum Persists Below 1.0500
EUR/USD recovered losses near 1.0475 in early European trading on Monday. The negative sentiment on the pair remains stable below the 100-period EMA and the RSI indicator is in a…
USD/CAD: Short-Term Momentum Slows, Approaching Neutral Territory – Scotiabank
The Canadian dollar (CAD) was little changed on the day. Sean Osborne, chief currency analyst at Scotiabank, said weakness in stocks contrasted with a stable market while short-term cash flows…
EUR/GBP Struggles Near 0.8350 as BoE’s Cautious Stance Sparks Downside Concerns
EUR/GBP is likely to weaken due to the latest UK economic report supporting cautious rate cuts from the Bank of England. ECB member Yannis Stonaras said the euro zone is…
Canada’s October CPI Expected to Remain Below 2%, Paving the Way for Further Bank of Canada Rate Cuts
Canada’s inflation rate is expected to rise by 1.9% annually in October. The Bank of Canada has cut its policy rate by 125 basis points so far this year. The…
USD/CHF Stays Under 0.8900 Amid Rising Russia-Ukraine Conflict Concerns
USD/CHF is trading lower near 0.8875 in European markets on Monday. U.S. retail sales rose 0.4% in October, up from 0.8% the previous month, a stronger-than-expected increase. Safe-haven flows are…
