EUR/USD Price Analysis: The crucial resistance level will emerge at the 1.0790–1.0800 region
EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe. The key resistance level will emerge…
NZD/USD inches higher to near 0.6000 after Chinese Trade data
NZD/USD gains ground after Chinese import shows rise in April. RBNZ indicated a delay in any potential rate cut until 2025. The higher US Treasury yields are contributing support for…
AUD/JPY edges lower amid alleged intervention by Japanese authorities
AUD/JPY depreciated as JPY continued to gain ground amid possible market intervention by Japanese authorities. Japan’s vice finance minister for international affairs, Masato Kanda, declined to comment on whether Japan…
AUD/JPY depreciates after weaker Aussie Retail Sales
The Australian Dollar loses ground after the release of lower-than-expected Retail Sales. The Australian Retail Sales for March took an unexpected downturn, contrasting with the anticipated rise. Market participants will…
AUD/JPY rises as BoJ keeps interest rate unchanged
AUD/JPY extends its winning streak after the lower-than-expected Tokyo CPI data released on Friday. The Australian 10-year Government Bond Yield has reached a 21-week high of 4.59%. Tokyo CPI has…
GBP/USD Price Analysis: Acceptance above 23.6% Fibo. favors bulls ahead of US Q1 GDP
GBP/USD struggles to attract follow-through buying and trades in a narrow range on Thursday. Reduced Fed rate cut bets and speculations about more aggressive BoE easing act as a headwind.…
Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets
Gold price lacks follow-through buying and is influenced by a combination of diverging forces. Easing geopolitical tensions continue to undermine demand for the safe-haven precious metal. Tuesday’s dismal US PMIs…
Gold price drops to over two-week low, flirts with $2,300 amid easing Middle East worries
Gold price drifts lower for the second successive day amid receding geopolitical tensions. Reduced Fed rate cut bets continue to underpin the USD and contribute to the downfall. The fundamental…
USD/CAD moves below 1.3750, extends losses despite lower crude Oil prices
USD/CAD faces challenges due to the weaker US Dollar despite higher US Treasury yields. The decline in WTI prices, attributed to de-escalated geopolitical tensions in the Middle East, restrains the…
Australian Dollar depreciates as riskier assets fall on escalated tensions in Middle East
The Australian Dollar loses ground on heightened risk aversion as Israeli missiles struck a site in Iran. Australia’s equity market falls to a two-month low of 7,489 on Friday. The…
